Short Interest in KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Increases By 184.7%

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 194,202 shares, an increase of 184.7% from the April 30th total of 68,206 shares. Based on an average daily volume of 197,720 shares, the short-interest ratio is presently 1.0 days. Currently, 32.4% of the shares of the company are sold short.

KraneShares 2x Long MELI Daily ETF Stock Up 0.2%

KMLI stock traded up $0.02 during midday trading on Friday, hitting $8.54. 95,527 shares of the stock traded hands, compared to its average volume of 67,709. KraneShares 2x Long MELI Daily ETF has a 1-year low of $6.74 and a 1-year high of $29.70. The stock’s fifty day simple moving average is $9.14 and its 200-day simple moving average is $12.34.

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.