Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Expands By 293.7%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,568 shares, an increase of 293.7% from the April 15th total of 7,003 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 66,988 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter valued at about $34,000. Farther Finance Advisors LLC raised its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the fourth quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock valued at $64,000 after purchasing an additional 2,000 shares during the period. Raymond James Financial Inc. acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at about $53,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter valued at about $114,000. Finally, Jane Street Group LLC raised its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% during the fourth quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock valued at $692,000 after purchasing an additional 8,467 shares during the period.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Down 4.0%

KARS stock traded down $1.49 during midday trading on Friday, hitting $35.51. The stock had a trading volume of 19,654 shares, compared to its average volume of 31,645. The firm has a market cap of $95.88 million, a P/E ratio of 17.78 and a beta of 1.10. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1-year low of $20.15 and a 1-year high of $38.12. The business has a fifty day moving average price of $33.84 and a two-hundred day moving average price of $32.27.

About KraneShares Electric Vehicles and Future Mobility Index ETF

The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified market-cap-weighted index of stocks that are involved in the production of electric vehicles or other initiatives that may enhance future mobility. KARS was launched on Jan 18, 2018 and is managed by KraneShares.