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

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

KraneShares MSCI Emerging Markets ex China Index ETF Trading Down 0.1 %

The company has a market cap of $65.48 million, a PE ratio of 14.15 and a beta of 0.90. The firm’s 50-day simple moving average is $28.38 and its two-hundred day simple moving average is $29.35.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

Several large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in KraneShares MSCI Emerging Markets ex China Index ETF during the 4th quarter valued at approximately $237,000. FAS Wealth Partners Inc. boosted its holdings in KraneShares MSCI Emerging Markets ex China Index ETF by 7.7% in the fourth quarter. FAS Wealth Partners Inc. now owns 434,236 shares of the company’s stock valued at $12,034,000 after purchasing an additional 31,173 shares during the last quarter. Jane Street Group LLC grew its position in KraneShares MSCI Emerging Markets ex China Index ETF by 24.2% during the 4th quarter. Jane Street Group LLC now owns 156,178 shares of the company’s stock worth $4,328,000 after purchasing an additional 30,441 shares during the period. Freedom Investment Management Inc. raised its stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 8.6% during the 4th quarter. Freedom Investment Management Inc. now owns 8,369 shares of the company’s stock valued at $232,000 after buying an additional 664 shares during the last quarter. Finally, Mariner LLC acquired a new position in shares of KraneShares MSCI Emerging Markets ex China Index ETF in the 4th quarter valued at about $797,000.

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.