KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Stock Price Up 0.6% – Here’s Why

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) shares were up 0.6% during mid-day trading on Tuesday . The company traded as high as $41.59 and last traded at $39.75. Approximately 202,760 shares changed hands during trading, an increase of 746% from the average daily volume of 23,963 shares. The stock had previously closed at $39.52.

KraneShares MSCI Emerging Markets ex China Index ETF Stock Performance

The stock has a market cap of $75.53 million, a PE ratio of 14.81 and a beta of 0.82. The firm’s 50-day moving average is $37.33 and its 200 day moving average is $35.24.

KraneShares MSCI Emerging Markets ex China Index ETF Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.0418 dividend. This represents a dividend yield of 11.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Hedge Funds Weigh In On KraneShares MSCI Emerging Markets ex China Index ETF

Institutional investors have recently added to or reduced their stakes in the stock. FAS Wealth Partners Inc. raised its stake in KraneShares MSCI Emerging Markets ex China Index ETF by 0.6% during the 3rd quarter. FAS Wealth Partners Inc. now owns 447,175 shares of the company’s stock valued at $15,475,000 after acquiring an additional 2,605 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 49.9% in the first quarter. Jane Street Group LLC now owns 234,100 shares of the company’s stock valued at $6,526,000 after purchasing an additional 77,922 shares during the period. Flow Traders U.S. LLC increased its holdings in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 50.3% in the second quarter. Flow Traders U.S. LLC now owns 25,944 shares of the company’s stock valued at $837,000 after purchasing an additional 8,679 shares during the period. VeraBank N.A. purchased a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the second quarter worth approximately $705,000. Finally, SFG Wealth Management LLC. acquired a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the third quarter worth $377,000.

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.