Kurv Memory Select ETF (BATS:KMEM – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,527 shares, a decline of 52.7% from the September 30th total of 5,345 shares. Based on an average daily volume of 57,302 shares, the short-interest ratio is presently 0.0 days.
Kurv Memory Select ETF Price Performance
Shares of BATS:KMEM opened at $17.22 on Friday. The firm has a 50-day moving average price of $18.66. 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.
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