KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Trading Down 0.1% – Here’s Why

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) shares traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $28.33 and last traded at $28.47. 4,533 shares traded hands during trading, a decline of 70% from the average session volume of 14,886 shares. The stock had previously closed at $28.50.

KraneShares MSCI Emerging Markets ex China Index ETF Trading Down 1.8 %

The company’s 50 day simple moving average is $28.37 and its 200-day simple moving average is $29.33. The firm has a market cap of $64.29 million, a P/E ratio of 14.15 and a beta of 0.90.

Hedge Funds Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of KEMX. IFP Advisors Inc raised its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 65.1% in the fourth quarter. IFP Advisors Inc now owns 2,802 shares of the company’s stock worth $78,000 after buying an additional 1,105 shares during the period. Sharkey Howes & Javer increased its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 18.0% in the 4th quarter. Sharkey Howes & Javer now owns 53,200 shares of the company’s stock worth $1,474,000 after acquiring an additional 8,117 shares in the last quarter. Hobart Private Capital LLC raised its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 6.3% during the 4th quarter. Hobart Private Capital LLC now owns 210,748 shares of the company’s stock worth $5,841,000 after acquiring an additional 12,420 shares during the period. Thomasville National Bank lifted its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 1.8% during the fourth quarter. Thomasville National Bank now owns 161,665 shares of the company’s stock valued at $4,480,000 after purchasing an additional 2,854 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the fourth quarter worth approximately $237,000.

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.