KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 36,064 shares, a decline of 70.3% from the September 30th total of 121,523 shares. Currently, 6.3% of the shares of the company are short sold. Based on an average daily volume of 107,156 shares, the short-interest ratio is presently 0.3 days.
KraneShares 2x Long MELI Daily ETF Stock Performance
KMLI stock remained flat at $8.93 during midday trading on Thursday. KraneShares 2x Long MELI Daily ETF has a 52-week low of $6.74 and a 52-week high of $23.22. The business has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $9.99.
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.
Further Reading
- Five stocks we like better than KraneShares 2x Long MELI Daily ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for KraneShares 2x Long MELI Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares 2x Long MELI Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
