KMLI

KraneShares 2x Long MELI Daily ETF

$16.28

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The KraneShares 2x Long MELI Daily ETF (KMLI) seeks to provide 2x the daily return of the MercadoLibre, Inc. (MELI) stock price.

Overview

ETF tracking KraneShares 2x Long MELI Daily ETF

Category Leveraged

Issuer Other

Inception Date 2025-06-12

Market Cap $1.6M

Average Volume N/A

Dividend Yield N/A

52-Week Range $16.40 - $29.70

VWAP $16.03

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The KraneShares 2x Long MELI Daily ETF (KMLI) seeks to provide 2x the daily return of the MercadoLibre, Inc. (MELI) stock price.

🎯 Investment Strategy

The ETF uses derivatives, such as futures contracts, to provide leveraged exposure to the performance of MELI. It aims to deliver twice the daily returns of the underlying stock, before fees and expenses.

✨ Key Features

Provides 2x leveraged exposure to MercadoLibre, Inc. (MELI) stock
Resets leverage daily, seeking to deliver 2x the daily return of MELI
Designed for short-term trading and not suitable for long-term buy-and-hold investors
Has a low expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and larger losses compared to the underlying stock
Tracking error risk, as the fund may not perfectly match 2x the daily return of MELI
Counterparty risk associated with the derivatives used to provide leverage

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to MercadoLibre, Inc. and are comfortable with the elevated risks associated with leveraged products. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.