Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Drops By 50.9%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 30,134 shares, a decrease of 50.9% from the June 15th total of 61,402 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 43,617 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted 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 acquiring an additional 30,927 shares during the period. Raymond James Financial Inc. bought a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at about $53,000. JPL Wealth Management LLC bought a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter valued at about $34,000. Farther Finance Advisors LLC lifted its holdings 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 purchasing an additional 2,000 shares during the period. Finally, OLD Mission Capital LLC lifted its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% in the fourth quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock worth $1,504,000 after purchasing an additional 12,062 shares during the period.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Down 2.3%

Shares of NYSEARCA:KARS opened at $29.57 on Friday. The firm’s 50 day moving average is $33.56 and its two-hundred day moving average is $33.04. The firm has a market capitalization of $78.36 million, a P/E ratio of 17.78 and a beta of 1.09. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52 week low of $23.38 and a 52 week 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.