Short Interest in KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Drops By 45.6%

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

KraneShares 2x Long MELI Daily ETF Trading Up 0.5%

NASDAQ:KMLI opened at $10.09 on Wednesday. KraneShares 2x Long MELI Daily ETF has a 1 year low of $6.74 and a 1 year high of $26.67. The stock has a fifty day moving average price of $8.33 and a two-hundred day moving average price of $10.65.

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.