KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Short Interest Update

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 61,402 shares, an increase of 261.0% from the May 31st total of 17,008 shares. Based on an average trading volume of 18,217 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.3% of the company’s stock are sold short.

Hedge Funds Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. OLD Mission Capital LLC increased its stake 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 worth $1,504,000 after buying an additional 12,062 shares during the last quarter. Jane Street Group LLC boosted its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% during the 4th quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock valued at $692,000 after acquiring an additional 8,467 shares during the last quarter. Farther Finance Advisors LLC boosted 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 acquiring an additional 2,000 shares during the last quarter. JPL Wealth Management LLC bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter valued at $34,000. Finally, Raymond James Financial Inc. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter worth $53,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Down 1.3%

NYSEARCA KARS traded down $0.41 during mid-day trading on Friday, reaching $30.54. 326,262 shares of the company’s stock traded hands, compared to its average volume of 31,473. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1-year low of $21.71 and a 1-year high of $38.12. The company has a fifty day simple moving average of $35.06 and a 200-day simple moving average of $33.02. The company has a market cap of $82.46 million, a price-to-earnings ratio of 17.78 and a beta of 1.08.

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.