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

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

Kurv Memory Select ETF Price Performance

Shares of KMEM traded up $0.03 on Thursday, hitting $18.59. 29,437 shares of the stock traded hands, compared to its average volume of 252,007. Kurv Memory Select ETF has a 1 year low of $14.55 and a 1 year 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.