The KraneShares 2x Long MELI Daily ETF (NASDAQ: KMLI) announced an annual dividend of $0.0152 per share on December 29, 2023. This dividend will be paid to investors who are on record as of December 30, 2023, with payment scheduled for December 31, 2023. This payout represents a notable dividend yield of 11.0%.
Investors should note that the ex-dividend date for this distribution is also set for December 30, 2023. The stock exhibited slight movement in trading, increasing by $0.04 to reach $13.91 on the same day. The trading volume amounted to 8,866 shares, which is below its average volume of 20,503 shares.
Market Performance and Historical Context
The KraneShares 2x Long MELI Daily ETF has experienced a broad range in its price over the past year. The ETF’s 52-week low stands at $13.20, while it peaked at $29.70. Currently, the ETF is operating below its moving averages, with a 50-day moving average of $16.80 and a 200-day moving average of $21.40.
This annual dividend declaration reflects the ETF’s strategy of leveraging investments in the Latin American e-commerce giant, Mercado Libre (MELI). As the market for e-commerce continues to expand, the performance of such ETFs may attract attention from both institutional and individual investors.
Investors interested in the KraneShares 2x Long MELI Daily ETF can stay updated through market platforms and financial news outlets for ongoing developments and analysis. The ETF’s performance may serve as a strategic component for those looking to capitalize on the growth potential within the e-commerce sector.
