Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Increases By 179.8%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 77,146 shares, an increase of 179.8% from the April 30th total of 27,568 shares. Based on an average daily volume of 76,859 shares, the short-interest ratio is presently 1.0 days. Currently, 2.9% of the shares of the company are sold short.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

NYSEARCA KARS traded down $0.17 on Friday, hitting $36.00. 11,158 shares of the stock traded hands, compared to its average volume of 31,335. The business’s fifty day moving average is $34.65 and its two-hundred day moving average is $32.61. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12 month low of $20.15 and a 12 month high of $38.12. The firm has a market capitalization of $97.20 million, a price-to-earnings ratio of 17.78 and a beta of 1.10.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth $34,000. 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 worth $64,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Inc. bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter worth $53,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth $114,000. Finally, Jane Street Group LLC boosted its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% in the fourth quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock worth $692,000 after acquiring an additional 8,467 shares during the period.

KraneShares Electric Vehicles and Future Mobility Index ETF Company Profile

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.