KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Short Interest Down 96.0% in July

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,859 shares, a decline of 96.0% from the July 15th total of 71,075 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 40,047 shares, the days-to-cover ratio is currently 0.1 days.

KraneShares 2x Long MELI Daily ETF Stock Up 1.3%

Shares of KMLI stock traded up $0.12 on Thursday, reaching $9.53. The stock had a trading volume of 22,663 shares, compared to its average volume of 68,184. KraneShares 2x Long MELI Daily ETF has a 12 month low of $6.74 and a 12 month high of $26.67. The firm’s 50-day moving average is $8.95 and its two-hundred day moving average is $9.92.

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.