KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Short Interest Falls 62.7%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,047 shares, a drop of 62.7% from the August 31st total of 13,516 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 12,411 shares, the short-interest ratio is currently 0.4 days.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Up 0.6%

Shares of KARS traded up $0.17 during trading hours on Friday, reaching $28.29. 1,914 shares of the stock traded hands, compared to its average volume of 26,353. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52-week low of $28.11 and a 52-week high of $38.12. The company’s 50-day moving average price is $29.88 and its two-hundred day moving average price is $32.25. The company has a market cap of $73.55 million, a P/E ratio of 17.78 and a beta of 1.10.

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.