KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI – Get Free Report) saw a large increase in short interest in the month of 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. Based on an average daily volume of 65,453 shares, the days-to-cover ratio is currently 1.9 days. Approximately 14.8% of the company’s stock are sold short.
KraneShares 2x Long MELI Daily ETF Trading Up 1.9%
Shares of KMLI opened at $9.21 on Friday. The stock has a 50-day simple moving average of $9.56 and a 200-day simple moving average of $9.22. KraneShares 2x Long MELI Daily ETF has a 1 year low of $6.74 and a 1 year high of $23.22.
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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