Shares of KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI – Get Free Report) dropped 5.2% during trading on Thursday. The company traded as low as $7.58 and last traded at $7.71. 88,686 shares changed hands during trading, an increase of 34% from the average daily volume of 66,086 shares. The stock had previously closed at $8.13.
KraneShares 2x Long MELI Daily ETF Stock Performance
The company’s fifty day simple moving average is $9.67 and its two-hundred day simple moving average is $9.18.
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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