KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 121,523 shares, an increase of 67.0% from the September 15th total of 72,754 shares. Currently, 14.8% of the company’s stock are short sold. Based on an average daily volume of 65,453 shares, the short-interest ratio is presently 1.9 days.
KraneShares 2x Long MELI Daily ETF Price Performance
NASDAQ:KMLI opened at $9.21 on Friday. The business’s fifty day moving average price is $9.56 and its 200 day moving average price is $9.22. KraneShares 2x Long MELI Daily ETF has a 12 month low of $6.74 and a 12 month high of $23.22.
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.
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