What is the ISIN of KraneShares 2x Long MELI Daily ETF?

The ISIN of KraneShares 2x Long MELI Daily ETF is US5007672497.

What does leveraged daily exposure mean for KraneShares 2x Long MELI Daily ETF?

KraneShares 2x Long MELI Daily ETF aims to deliver 2 times the daily return of MELI (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect KraneShares 2x Long MELI Daily ETF?

Volatility decay (also called compounding drag) occurs because KraneShares 2x Long MELI Daily ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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KraneShares 2x Long MELI Daily ETF (KMLI) Price

KraneShares 2x Long MELI Daily ETF Price

— EUR

TER1.26 %

AUM6.72 M USD

IndexMercadoLibre, Inc.

CurrencyUSD

Funds Launch6/11/2025

KraneShares 2x Long MELI Daily ETF Price

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Underlying

MELI

MELI2X Long Daily

MELI

KraneShares 2x Long MELI Daily ETF provides 2X daily exposure to MELI.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.