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

by · The Markets Daily

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) 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 daily volume of 43,617 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings 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 valued at $1,307,000 after acquiring an additional 30,927 shares during the period. Raymond James Financial Inc. bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter worth $53,000. JPL Wealth Management LLC purchased a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter valued at $34,000. Farther Finance Advisors LLC raised its stake in shares of 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 purchasing an additional 2,000 shares during the period. Finally, OLD Mission Capital LLC raised its stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% during the 4th 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 period.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

NYSEARCA:KARS traded down $0.69 on Thursday, reaching $29.57. 11,193 shares of the company’s stock were exchanged, compared to its average volume of 30,125. The firm has a market cap of $78.36 million, a price-to-earnings ratio of 17.78 and a beta of 1.09. The stock has a fifty day simple moving average of $33.71 and a 200-day simple moving average of $33.05. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52 week low of $23.38 and a 52 week high of $38.12.

KraneShares Electric Vehicles and Future Mobility Index ETF Company Profile

(Get Free Report)

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.

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