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

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

KraneShares 2x Long MELI Daily ETF Price Performance

NASDAQ:KMLI traded up $1.22 during trading hours on Tuesday, hitting $10.63. 103,405 shares of the stock traded hands, compared to its average volume of 68,114. KraneShares 2x Long MELI Daily ETF has a 1 year low of $6.74 and a 1 year high of $26.67. The stock has a 50 day moving average price of $8.92 and a 200 day moving average price of $9.97.

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.