KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) Shares Down 1.4% – Time to Sell?

KraneShares 2x Long MELI Daily ETF (NASDAQ:KMLI) shares fell 1.4% on Thursday . The company traded as low as $13.04 and last traded at $13.07. 24,655 shares traded hands during trading, a decline of 12% from the average session volume of 27,944 shares. The stock had previously closed at $13.25.

KraneShares 2x Long MELI Daily ETF Price Performance

The company’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $18.52.

KraneShares 2x Long MELI Daily ETF Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.0152 dividend. This represents a yield of 11.0%. The ex-dividend date was Tuesday, December 30th.

KraneShares 2x Long MELI Daily ETF Company Profile

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.