KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Short Interest Up 1,057.7% in August

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 86,409 shares, a growth of 1,057.7% from the August 15th total of 7,464 shares. Based on an average daily volume of 49,156 shares, the short-interest ratio is currently 1.8 days. Approximately 9.1% of the company’s shares are short sold.

KraneShares 2x Long MELI Daily ETF Price Performance

NASDAQ:KMLI traded up $0.29 during trading hours on Thursday, reaching $9.98. The company’s stock had a trading volume of 111,505 shares, compared to its average volume of 66,632. The firm has a 50-day simple moving average of $9.93 and a 200-day simple moving average of $9.33. KraneShares 2x Long MELI Daily ETF has a 1 year low of $6.74 and a 1 year high of $26.67.

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.