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 increase in short interest during the month of August. As of August 31st, there was short interest totaling 86,409 shares, an increase of 1,057.7% from the August 15th total of 7,464 shares. Based on an average daily trading volume, of 49,156 shares, the days-to-cover ratio is currently 1.8 days. Approximately 9.1% of the shares of the stock are short sold.

KraneShares 2x Long MELI Daily ETF Trading Down 0.9%

Shares of NASDAQ KMLI traded down $0.09 during mid-day trading on Friday, hitting $9.89. 13,562 shares of the stock traded hands, compared to its average volume of 66,327. KraneShares 2x Long MELI Daily ETF has a twelve month low of $6.74 and a twelve month high of $26.67. The firm has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $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.