Kurv Memory Select ETF (BATS:KMEM) Stock Falls 0.6% – Here’s What Happened

Kurv Memory Select ETF (BATS:KMEM)’s stock price dropped 0.6% during trading on Friday. The stock traded as low as $18.92 and last traded at $18.95. 30,143 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 167,753 shares. The stock had previously closed at $19.07.

Kurv Memory Select ETF Trading Down 0.6%

The firm has a 50-day moving average of $19.04.

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.