KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Sees Large Decrease in Short Interest

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 36,064 shares, a decrease of 70.3% from the September 30th total of 121,523 shares. Currently, 6.3% of the company’s stock are short sold. Based on an average daily volume of 107,156 shares, the days-to-cover ratio is presently 0.3 days.

KraneShares 2x Long MELI Daily ETF Price Performance

NASDAQ:KMLI remained flat at $8.93 on Friday. KraneShares 2x Long MELI Daily ETF has a 1 year low of $6.74 and a 1 year high of $23.22. The firm’s fifty day moving average is $9.42 and its 200-day moving average is $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.