KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Short Interest Down 45.4% in August

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,981 shares, a decrease of 45.4% from the August 15th total of 7,290 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 7,060 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 1st quarter worth $47,000. Invested Advisors purchased a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the second quarter valued at about $200,000. Cetera Investment Advisers purchased a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter valued at about $404,000. SFG Wealth Management LLC. increased its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 78.3% during the second quarter. SFG Wealth Management LLC. now owns 18,879 shares of the company’s stock worth $991,000 after acquiring an additional 8,292 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth about $1,114,000.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Down 0.6%

Shares of KEMX traded down $0.31 during mid-day trading on Tuesday, hitting $50.36. The company had a trading volume of 4,813 shares, compared to its average volume of 20,045. KraneShares MSCI Emerging Markets ex China Index ETF has a 1-year low of $34.23 and a 1-year high of $54.90. The business’s 50-day simple moving average is $49.92 and its 200-day simple moving average is $47.80. The stock has a market cap of $130.95 million, a PE ratio of 14.81 and a beta of 0.89.

KraneShares MSCI Emerging Markets ex China Index ETF Company Profile

The KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks the investment results of an index focused on large-cap and mid-cap companies within emerging market countries, excluding China. KEMX was launched on Apr 12, 2019 and is managed by KraneShares.