KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Stock Price Down 0.8% – Time to Sell?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) shares 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 traded 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 Price Performance

The stock has a market cap of $20.35 million, a price-to-earnings ratio of 20.73 and a beta of 0.83. The stock’s 50-day moving average is $18.62 and its 200-day moving average is $17.89.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

Several hedge funds have recently made changes to their positions in KEMQ. Jane Street Group LLC lifted its position in KraneShares Emerging Markets Consumer Technology ETF by 100.3% during the third quarter. Jane Street Group LLC now owns 13,611 shares of the company’s stock worth $255,000 after buying an additional 4,630,689 shares during the period. GTS Securities LLC acquired a new position in shares of KraneShares Emerging Markets Consumer Technology ETF during the 4th quarter valued at about $422,000. Flow Traders U.S. LLC lifted its holdings in shares of KraneShares Emerging Markets Consumer Technology ETF by 18.2% during the 3rd 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 during the period. Finally, Susquehanna International Group LLP boosted its position in shares of KraneShares Emerging Markets Consumer Technology ETF by 1.8% in the fourth 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.

KraneShares Emerging Markets Consumer Technology ETF Company Profile

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.