KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Short Interest Update

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 42,100 shares, an increase of 1,109.1% from the July 15th total of 3,482 shares. Based on an average daily trading volume, of 12,022 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.6% of the shares of the stock are short sold.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% during the 1st quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock worth $1,307,000 after purchasing an additional 30,927 shares in the last quarter. OLD Mission Capital LLC lifted its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% in the 4th quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock valued at $1,504,000 after purchasing an additional 12,062 shares in the last quarter. Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter valued at about $53,000. JPL Wealth Management LLC acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter worth about $34,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after purchasing an additional 2,000 shares during the last quarter.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

NYSEARCA:KARS traded down $0.32 during trading hours on Tuesday, reaching $30.80. 26,109 shares of the company traded hands, compared to its average volume of 28,502. The firm’s 50-day moving average is $31.25 and its 200-day moving average is $32.79. The stock has a market cap of $80.08 million, a P/E ratio of 17.78 and a beta of 1.09. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1-year low of $25.52 and a 1-year high of $38.12.

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.