KraneShares 2x Long MELI Daily ETF
KMLI
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- KraneShares 2x Long MELI Daily ETF (KMLI) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change of the share price of MercadoLibre, Inc. (NYSE: MELI), Latin America's leading e-commerce and fintech platform; it employs derivatives such as total return swaps and options to achieve this leveraged exposure while holding cash collateral. The ETF targets sophisticated investors seeking short-term, bullish tactical opportunities on MELI stock, with a net expense ratio of 1.26%; it operates in the consumer discretionary sector, focusing on growth-oriented single-stock leverage rather than diversified portfolios. KMLI trades on the Nasdaq and is part of KraneShares' Single-Stock Levered ETF Suite, which includes similar 2x long daily ETFs on stocks like Alibaba (BABA) and PDD Holdings (PDD). Launched on June 11, 2025, and headquartered in New York, NY, by Krane Funds Advisors, LLC (KraneShares)—a specialist investment manager founded in 2013 focused on China, climate, and alternative assets—KMLI represents the firm's expansion into leveraged exposure on emerging market digital commerce leaders. In a major recent development, KraneShares listed KMLI on June 12, 2025, as the latest addition to its Single-Stock Levered ETF Suite, capitalizing on global e-commerce growth trends in developing markets like Latin America where MELI powers digital transformation across 18 countries through frictionless commerce and financial services. The fund's inception aligns with heightened investor interest in leveraged single-stock products amid MELI's strong performance, including Q1 2025 gross merchandise volume of $13.3 billion, up 13% year-over-year. No subsequent acquisitions, funding rounds, partnerships, or operational reorganizations have been reported for KMLI as of late 2025.