Shares of KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI – Get Free Report) were up 3.9% on Wednesday . The stock traded as high as $10.74 and last traded at $10.57. 148,607 shares changed hands during mid-day trading, an increase of 122% from the average session volume of 66,886 shares. The stock had previously closed at $10.17.
KraneShares 2x Long MELI Daily ETF Stock Up 3.9%
The firm’s fifty day moving average price is $8.84 and its 200-day moving average price is $10.10.
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.
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