KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Trading Down 2.1% – Time to Sell?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) were down 2.1% during trading on Friday . The stock traded as low as $18.78 and last traded at $18.92. Approximately 6,169 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 8,415 shares. The stock had previously closed at $19.33.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 2.1 %

The business has a fifty day simple moving average of $17.75 and a two-hundred day simple moving average of $17.52. The company has a market cap of $19.87 million, a PE ratio of 22.47 and a beta of 0.82.

Institutional Trading of KraneShares Emerging Markets Consumer Technology ETF

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 100.3% in the third quarter. Jane Street Group LLC now owns 13,611 shares of the company’s stock valued at $255,000 after purchasing an additional 4,630,689 shares in the last quarter. GTS Securities LLC purchased a new stake in KraneShares Emerging Markets Consumer Technology ETF in the 4th quarter valued at $422,000. Flow Traders U.S. LLC grew its holdings in KraneShares Emerging Markets Consumer Technology ETF by 18.2% in the 3rd quarter. Flow Traders U.S. LLC now owns 23,367 shares of the company’s stock valued at $438,000 after buying an additional 3,593 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of 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 worth $9,327,000 after acquiring 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.