KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Sees Large Increase in Short Interest

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a significant growth in short interest in the month of 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 trading volume, of 12,022 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of KARS. JPL Wealth Management LLC acquired a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter valued at about $34,000. Raymond James Financial Inc. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth about $53,000. Farther Finance Advisors LLC lifted 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 valued at $64,000 after purchasing an additional 2,000 shares in the last quarter. Jane Street Group LLC lifted 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 valued at $692,000 after purchasing an additional 8,467 shares in the last quarter. Finally, OLD Mission Capital LLC grew its position in shares of 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 valued at $1,504,000 after purchasing an additional 12,062 shares during the last quarter.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

KraneShares Electric Vehicles and Future Mobility Index ETF stock traded down $0.32 during mid-day trading on Tuesday, reaching $30.80. The company had a trading volume of 26,109 shares, compared to its average volume of 28,502. The stock’s 50-day simple moving average is $31.25 and its 200-day simple moving average is $32.79. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1 year low of $25.52 and a 1 year high of $38.12. The company has a market capitalization of $80.08 million, a P/E ratio of 17.78 and a beta of 1.09.

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.