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

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 22,307 shares, a decrease of 47.0% from the July 30th total of 42,100 shares. Based on an average daily trading volume, of 28,876 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KARS. Jane Street Group LLC lifted its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% in the first quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock valued at $1,307,000 after buying an additional 30,927 shares during the last quarter. OLD Mission Capital LLC grew its position 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 buying an additional 12,062 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter worth $53,000. Farther Finance Advisors LLC boosted its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% in the fourth quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock valued at $64,000 after acquiring an additional 2,000 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth about $34,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 0.3%

Shares of KraneShares Electric Vehicles and Future Mobility Index ETF stock opened at $30.84 on Tuesday. The firm has a market cap of $80.18 million, a PE ratio of 17.78 and a beta of 1.09. The business has a 50-day moving average price of $30.47 and a 200 day moving average price of $32.67. KraneShares Electric Vehicles and Future Mobility Index ETF has a twelve month low of $26.39 and a twelve month 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.