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

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

KraneShares 2x Long MELI Daily ETF Trading Up 0.5%

KMLI stock opened at $10.09 on Wednesday. The company’s 50 day simple moving average is $8.33 and its 200-day simple moving average is $10.65. KraneShares 2x Long MELI Daily ETF has a 12 month low of $6.74 and a 12 month high of $26.67.

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.