KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,227 shares, a decrease of 75.7% from the October 15th total of 5,046 shares. Based on an average trading volume of 6,446 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF
An institutional investor recently raised its stake in KraneShares Electric Vehicles and Future Mobility Index ETF stock. Prime Capital Investment Advisors LLC lifted its stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Free Report) by 18.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,371 shares of the company’s stock after buying an additional 4,723 shares during the quarter. Prime Capital Investment Advisors LLC owned approximately 1.17% of KraneShares Electric Vehicles and Future Mobility Index ETF worth $843,000 at the end of the most recent reporting period.
KraneShares Electric Vehicles and Future Mobility Index ETF Trading Up 1.2%
Shares of NYSEARCA KARS opened at $25.78 on Thursday. The stock has a market cap of $64.45 million, a P/E ratio of 17.34 and a beta of 1.09. The business’s fifty day simple moving average is $27.38 and its 200-day simple moving average is $31.28. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12-month low of $24.95 and a 12-month high of $38.12.
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.
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