Kurv Memory Select ETF (BATS:KMEM) Sees Significant Decrease in Short Interest

Kurv Memory Select ETF (BATS:KMEM) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 2,527 shares, a decrease of 52.7% from the September 30th total of 5,345 shares. Based on an average daily trading volume, of 57,302 shares, the short-interest ratio is presently 0.0 days.

Kurv Memory Select ETF Trading Down 8.0%

KMEM opened at $15.84 on Friday. The company has a fifty day moving average price of $18.60. Kurv Memory Select ETF has a 52 week low of $14.55 and a 52 week high of $27.25.

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.