Short Interest in KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Expands By 184.7%

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 194,202 shares, a growth of 184.7% from the April 30th total of 68,206 shares. Based on an average daily trading volume, of 197,720 shares, the short-interest ratio is presently 1.0 days. Approximately 32.4% of the shares of the company are sold short.

KraneShares 2x Long MELI Daily ETF Trading Up 0.2%

NASDAQ:KMLI traded up $0.02 on Friday, hitting $8.54. The stock had a trading volume of 95,527 shares, compared to its average volume of 67,709. The business’s 50-day simple moving average is $9.14 and its two-hundred day simple moving average is $12.31. KraneShares 2x Long MELI Daily ETF has a 52-week low of $6.74 and a 52-week high of $29.70.

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.