KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Short Interest Update

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,464 shares, a growth of 161.1% from the July 30th total of 2,859 shares. Based on an average trading volume of 91,582 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.8% of the company’s shares are sold short.

KraneShares 2x Long MELI Daily ETF Stock Performance

Shares of NASDAQ:KMLI traded up $0.37 during midday trading on Friday, hitting $10.72. 17,959 shares of the stock traded hands, compared to its average volume of 67,180. The business’s 50 day moving average is $9.50 and its two-hundred day moving average is $9.52. KraneShares 2x Long MELI Daily ETF has a one year low of $6.74 and a one year high of $26.67.

KraneShares 2x Long MELI Daily ETF Company Profile

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.