KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Stock Short Interest Drops 70.3%

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 36,064 shares, a decrease of 70.3% from the September 30th total of 121,523 shares. Based on an average trading volume of 107,156 shares, the days-to-cover ratio is presently 0.3 days. Approximately 6.3% of the company’s shares are short sold.

KraneShares 2x Long MELI Daily ETF Price Performance

NASDAQ KMLI opened at $8.94 on Wednesday. KraneShares 2x Long MELI Daily ETF has a 52-week low of $6.74 and a 52-week high of $23.22. The business has a 50 day simple moving average of $9.44 and a 200 day simple moving average of $10.06.

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.