KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) Shares Down 2.6% – Time to Sell?

KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) dropped 2.6% during mid-day trading on Tuesday . The company traded as low as $17.47 and last traded at $17.47. Approximately 244 shares traded hands during 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 Stock Down 1.0 %

The company has a market capitalization of $17.20 million, a price-to-earnings ratio of 24.73 and a beta of 1.28. The business’s 50-day moving average is $17.84 and its 200-day moving average is $16.49.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KraneShares Emerging Markets Consumer Technology ETF stock. OLD Mission Capital LLC grew its position in KraneShares Emerging Markets Consumer Technology ETF (NYSEARCA:KEMQ) by 133.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 254,868 shares of the company’s stock after acquiring an additional 145,698 shares during the period. OLD Mission Capital LLC owned about 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.