KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Sees Large Decline in Short Interest

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,859 shares, a decrease of 96.0% from the July 15th total of 71,075 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 40,047 shares, the short-interest ratio is currently 0.1 days.

KraneShares 2x Long MELI Daily ETF Price Performance

Shares of NASDAQ:KMLI traded down $0.65 during midday trading on Wednesday, hitting $9.98. The company had a trading volume of 58,914 shares, compared to its average volume of 68,034. KraneShares 2x Long MELI Daily ETF has a twelve month low of $6.74 and a twelve month high of $26.67. The business’s 50-day simple moving average is $8.92 and its 200-day simple moving average is $9.97.

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.