Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Rises By 179.8%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 77,146 shares, an increase of 179.8% from the April 30th total of 27,568 shares. Based on an average daily volume of 76,859 shares, the short-interest ratio is currently 1.0 days. Approximately 2.9% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% in the 1st quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock worth $1,307,000 after purchasing an additional 30,927 shares during the last quarter. OLD Mission Capital LLC grew its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% in the 4th 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth about $114,000. Raymond James Financial Inc. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter valued at about $53,000. Finally, Farther Finance Advisors LLC increased its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock valued at $64,000 after buying an additional 2,000 shares during the period.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 0.5%

NYSEARCA KARS traded down $0.17 on Friday, hitting $36.00. The stock had a trading volume of 11,158 shares, compared to its average volume of 31,335. KraneShares Electric Vehicles and Future Mobility Index ETF has a one year low of $20.15 and a one year high of $38.12. The stock has a market cap of $97.20 million, a price-to-earnings ratio of 17.78 and a beta of 1.10. The company’s 50-day moving average is $34.65 and its two-hundred day moving average is $32.61.

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.