Kurv Memory Select ETF (BATS:KMEM – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 69,004 shares, a growth of 937.7% from the July 15th total of 6,650 shares. Based on an average daily trading volume, of 251,766 shares, the days-to-cover ratio is presently 0.3 days.
Kurv Memory Select ETF Stock Up 7.5%
Kurv Memory Select ETF stock opened at $17.77 on Thursday. Kurv Memory Select ETF has a one year low of $14.55 and a one year high of $27.25.
The Kurv Memory Select ETF is an actively managed exchange-traded fund designed to provide concentrated exposure to companies involved in semiconductor memory production. The fund seeks to maximize total return and does not track an index. Under normal circumstances, it invests at least 80% of its net assets, plus investment-related borrowings, in securities of memory companies, derivatives tied to memory companies or ETFs providing exposure to those businesses.
The fund defines memory companies as businesses that design, manufacture or distribute semiconductor memory chips, including dynamic random-access memory, static random-access memory, NAND and NOR flash memory and emerging technologies such as magnetoresistive and resistive random-access memory.
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