KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Shares Down 0.8% – Here’s Why

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ)’s share price were down 0.8% during mid-day trading on Friday . The stock traded as low as $19.30 and last traded at $19.38. Approximately 2,452 shares changed hands during trading, a decline of 23% from the average daily volume of 3,171 shares. The stock had previously closed at $19.54.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 0.8 %

The company has a market capitalization of $20.35 million, a P/E ratio of 20.73 and a beta of 0.83. The business has a 50 day moving average price of $18.62 and a 200 day moving average price of $17.91.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in KraneShares Emerging Markets Consumer Technology ETF by 100.3% in the 3rd quarter. Jane Street Group LLC now owns 13,611 shares of the company’s stock valued at $255,000 after buying an additional 4,630,689 shares during the last quarter. GTS Securities LLC acquired a new stake in shares of KraneShares Emerging Markets Consumer Technology ETF in the fourth quarter valued at about $422,000. Flow Traders U.S. LLC raised its holdings in KraneShares Emerging Markets Consumer Technology ETF by 18.2% during the third quarter. Flow Traders U.S. LLC now owns 23,367 shares of the company’s stock worth $438,000 after acquiring an additional 3,593 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in KraneShares Emerging Markets Consumer Technology ETF by 1.8% during the fourth quarter. Susquehanna International Group LLP now owns 561,416 shares of the company’s stock valued at $9,327,000 after purchasing an additional 10,184 shares during the last quarter.

About KraneShares Emerging Markets Consumer Technology ETF

The KraneShares Emerging Markets Consumer Technology Index ETF (KEMQ) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a committee-selected, tier-weighted index of 50 emerging market technology companies. KEMQ was launched on Oct 11, 2017 and is managed by KraneShares.