Kurv Memory Select ETF (BATS:KMEM) Short Interest Update

Kurv Memory Select ETF (BATS:KMEM) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 69,004 shares, an increase of 937.7% from the July 15th total of 6,650 shares. Based on an average daily trading volume, of 251,766 shares, the short-interest ratio is presently 0.3 days.

Kurv Memory Select ETF Price Performance

Shares of KMEM stock traded up $0.45 during mid-day trading on Tuesday, reaching $16.53. The company’s stock had a trading volume of 102,103 shares, compared to its average volume of 319,811. Kurv Memory Select ETF has a 12-month low of $14.55 and a 12-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.