KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Shares Down 0.4% – Should You Sell?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ)’s stock price dropped 0.4% during mid-day trading on Thursday . The company traded as low as $17.02 and last traded at $17.06. Approximately 2,570 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 2,701 shares. The stock had previously closed at $17.12.

KraneShares Emerging Markets Consumer Technology ETF Price Performance

The stock has a market capitalization of $17.06 million, a price-to-earnings ratio of 24.73 and a beta of 1.28. The firm’s fifty day moving average is $17.69 and its 200-day moving average is $16.82.

Institutional Investors Weigh In On KraneShares Emerging Markets Consumer Technology ETF

An institutional investor recently raised its position in KraneShares Emerging Markets Consumer Technology ETF stock. Jane Street Group LLC increased its position in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) by 100.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,611 shares of the company’s stock after purchasing an additional 4,630,689 shares during the period. Jane Street Group LLC owned 1.36% of KraneShares Emerging Markets Consumer Technology ETF worth $255,000 at the end of the most recent reporting period.

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.