KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Trading Up 4.1% – Should You Buy?

Shares of KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) traded up 4.1% during trading on Friday . The stock traded as high as $17.73 and last traded at $17.73. 2,199 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 3,449 shares. The stock had previously closed at $17.03.

KraneShares Emerging Markets Consumer Technology ETF Stock Up 4.1 %

The firm has a market capitalization of $19.50 million, a PE ratio of 16.66 and a beta of 0.79. The firm has a 50-day moving average price of $18.92 and a 200 day moving average price of $18.12.

Hedge Funds Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP raised its position in KraneShares Emerging Markets Consumer Technology ETF by 1.8% in the 4th 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 in the last quarter. Jane Street Group LLC increased its stake in shares of KraneShares Emerging Markets Consumer Technology ETF by 199.1% during the fourth quarter. Jane Street Group LLC now owns 40,715 shares of the company’s stock worth $676,000 after buying an additional 27,104 shares during the period. Finally, GTS Securities LLC acquired a new stake in KraneShares Emerging Markets Consumer Technology ETF in the fourth quarter valued at approximately $422,000.

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.