KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Short Interest Down 78.0% in May

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 17,008 shares, a decline of 78.0% from the May 14th total of 77,146 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 28,178 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OLD Mission Capital LLC grew its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% during the 4th quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock worth $1,504,000 after acquiring an additional 12,062 shares in the last quarter. Jane Street Group LLC raised its stake in 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 buying an additional 8,467 shares in the last quarter. Farther Finance Advisors LLC raised its stake in 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 buying an additional 2,000 shares in the last quarter. JPL Wealth Management LLC bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth approximately $34,000. Finally, Raymond James Financial Inc. bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter worth approximately $53,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 0.0%

Shares of NYSEARCA KARS opened at $33.02 on Wednesday. The business has a fifty day simple moving average of $35.09 and a two-hundred day simple moving average of $32.78. The firm has a market cap of $89.15 million, a PE ratio of 17.78 and a beta of 1.08. KraneShares Electric Vehicles and Future Mobility Index ETF has a twelve month low of $21.04 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.