KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Short Interest Up 1,057.7% in August

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 86,409 shares, a growth of 1,057.7% from the August 15th total of 7,464 shares. Approximately 9.1% of the company’s shares are short sold. Based on an average daily volume of 49,156 shares, the short-interest ratio is currently 1.8 days.

KraneShares 2x Long MELI Daily ETF Stock Performance

KMLI stock traded up $0.29 during midday trading on Thursday, hitting $9.98. The company had a trading volume of 111,505 shares, compared to its average volume of 66,632. KraneShares 2x Long MELI Daily ETF has a 52 week low of $6.74 and a 52 week high of $26.67. The stock’s 50 day moving average price is $9.93 and its 200 day moving average price is $9.33.

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.