Short Interest in KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Increases By 184.7%

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 194,202 shares, an increase of 184.7% from the April 30th total of 68,206 shares. Approximately 32.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 197,720 shares, the days-to-cover ratio is currently 1.0 days.

KraneShares 2x Long MELI Daily ETF Trading Up 0.2%

Shares of KMLI stock traded up $0.02 during trading hours on Friday, hitting $8.54. 95,527 shares of the company’s stock were exchanged, compared to its average volume of 67,709. The firm has a 50 day moving average of $9.14 and a two-hundred day moving average of $12.34. KraneShares 2x Long MELI Daily ETF has a fifty-two week low of $6.74 and a fifty-two week high of $29.70.

About KraneShares 2x Long MELI Daily ETF

KraneShares Trust – KraneShares 2x Long MELI Daily ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across consumer discretionary sector and the consumer discretionary distribution and retail industry. The fund uses derivatives such as options and swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.