Kurv Memory Select ETF (BATS:KMEM) Sees Large Decline in Short Interest

Kurv Memory Select ETF (BATS:KMEM) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 20,161 shares, a decrease of 70.8% from the July 30th total of 69,004 shares. Based on an average daily trading volume, of 137,216 shares, the days-to-cover ratio is presently 0.1 days.

Kurv Memory Select ETF Price Performance

BATS:KMEM traded up $0.03 during mid-day trading on Thursday, reaching $18.59. The company’s stock had a trading volume of 29,437 shares, compared to its average volume of 252,007. Kurv Memory Select ETF has a twelve month low of $14.55 and a twelve month 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.