KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Short Interest Update

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 100,427 shares, a drop of 45.6% from the June 15th total of 184,618 shares. Approximately 8.4% of the shares of the company are short sold. Based on an average trading volume of 78,937 shares, the days-to-cover ratio is currently 1.3 days.

KraneShares 2x Long MELI Daily ETF Stock Performance

Shares of KMLI stock traded up $0.14 on Thursday, hitting $9.88. 26,648 shares of the stock traded hands, compared to its average volume of 68,440. KraneShares 2x Long MELI Daily ETF has a 1-year low of $6.74 and a 1-year high of $26.67. The company’s fifty day moving average is $8.31 and its 200 day moving average is $10.62.

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.