KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI – Get Free Report)’s stock price traded down 5.1% on Thursday . The stock traded as low as $7.53 and last traded at $7.61. 123,492 shares were traded during mid-day trading, an increase of 77% from the average session volume of 69,615 shares. The stock had previously closed at $8.02.
KraneShares 2x Long MELI Daily ETF Trading Up 7.2%
The firm’s 50-day moving average is $8.59 and its 200-day moving average is $11.14.
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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