Kurv Memory Select ETF (BATS:KMEM) Stock Short Interest Drops 66.6%

Kurv Memory Select ETF (BATS:KMEM) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 5,345 shares, a decrease of 66.6% from the September 15th total of 15,991 shares. Based on an average trading volume of 44,066 shares, the days-to-cover ratio is presently 0.1 days.

Kurv Memory Select ETF Stock Down 3.3%

Shares of KMEM stock opened at $17.50 on Wednesday. Kurv Memory Select ETF has a 52-week low of $14.55 and a 52-week high of $27.25. The stock has a 50-day moving average price of $19.06.

The Kurv Memory Select ETF is an actively managed exchange-traded fund designed to provide concentrated exposure to companies involved in semiconductor memory production. The fund seeks to maximize total return and does not track an index. Under normal circumstances, it invests at least 80% of its net assets, plus investment-related borrowings, in securities of memory companies, derivatives tied to memory companies or ETFs providing exposure to those businesses.

The fund defines memory companies as businesses that design, manufacture or distribute semiconductor memory chips, including dynamic random-access memory, static random-access memory, NAND and NOR flash memory and emerging technologies such as magnetoresistive and resistive random-access memory.