Kurv Memory Select ETF (BATS:KMEM – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 5,345 shares, a decrease of 66.6% from the September 15th total of 15,991 shares. Based on an average daily trading volume, of 44,066 shares, the days-to-cover ratio is currently 0.1 days.
Kurv Memory Select ETF Trading Down 4.5%
KMEM stock opened at $18.09 on Tuesday. Kurv Memory Select ETF has a fifty-two week low of $14.55 and a fifty-two week high of $27.25. The stock’s fifty day moving average price is $19.07.
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.
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