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 significant growth in short interest in July. As of July 31st, there was short interest totaling 42,100 shares, a growth of 1,109.1% from the July 15th total of 3,482 shares. Based on an average daily volume of 12,022 shares, the days-to-cover ratio is currently 3.5 days. Approximately 1.6% of the company’s stock are short sold.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Down 0.9%

KraneShares Electric Vehicles and Future Mobility Index ETF stock traded down $0.28 during trading on Thursday, hitting $30.86. 1,066 shares of the company were exchanged, compared to its average volume of 28,400. The business’s 50 day moving average is $31.16 and its 200 day moving average is $32.77. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52 week low of $25.54 and a 52 week high of $38.12. The company has a market capitalization of $80.24 million, a P/E ratio of 17.78 and a beta of 1.09.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

Institutional investors and hedge funds have recently made changes to their positions in 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 valued at approximately $34,000. Farther Finance Advisors LLC lifted its holdings in 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 worth $64,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter worth $53,000. Jane Street Group LLC increased its position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% during the 4th 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 last quarter. Finally, OLD Mission Capital LLC grew its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% during the fourth 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 period.

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.