KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) Shares Down 1.3% – Here’s Why

KraneShares MSCI Emerging Markets ex China Index ETF (NYSEARCA:KEMX) shares traded down 1.3% during mid-day trading on Wednesday . The company traded as low as $52.63 and last traded at $52.75. 10,285 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 27,451 shares. The stock had previously closed at $53.45.

KraneShares MSCI Emerging Markets ex China Index ETF Price Performance

The company has a market capitalization of $137.15 million, a P/E ratio of 14.81 and a beta of 0.86. The business has a 50-day moving average of $46.15 and a 200-day moving average of $42.01.

Institutional Trading of KraneShares MSCI Emerging Markets ex China Index ETF

A number of institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in 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 worth $6,526,000 after buying an additional 77,922 shares during the last quarter. Systelligence LLC bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth $9,061,000. Thomasville National Bank lifted its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 1.6% during the fourth quarter. Thomasville National Bank now owns 139,687 shares of the company’s stock worth $5,180,000 after purchasing an additional 2,237 shares during the last quarter. LPL Financial LLC lifted its position in shares of KraneShares MSCI Emerging Markets ex China Index ETF by 28.2% during the fourth quarter. LPL Financial LLC now owns 39,187 shares of the company’s stock worth $1,453,000 after purchasing an additional 8,626 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of KraneShares MSCI Emerging Markets ex China Index ETF during the first quarter worth $1,114,000.

About KraneShares MSCI Emerging Markets ex China Index ETF

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.