KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Stock Price Down 2.6% – Should You Sell?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ)’s stock price dropped 2.6% during mid-day trading on Tuesday . The stock traded as low as $17.47 and last traded at $17.47. Approximately 244 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,855 shares. The stock had previously closed at $17.94.

KraneShares Emerging Markets Consumer Technology ETF Trading Down 2.6 %

The stock has a 50 day simple moving average of $17.78 and a 200-day simple moving average of $16.48. The firm has a market capitalization of $17.47 million, a P/E ratio of 24.73 and a beta of 1.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KraneShares Emerging Markets Consumer Technology ETF stock. OLD Mission Capital LLC increased its stake in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) by 133.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 254,868 shares of the company’s stock after purchasing an additional 145,698 shares during the quarter. OLD Mission Capital LLC owned approximately 25.49% of KraneShares Emerging Markets Consumer Technology ETF worth $3,772,000 at the end of the most recent 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.