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

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 27,568 shares, an increase of 293.7% from the April 15th total of 7,003 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 66,988 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KARS. OLD Mission Capital LLC lifted its position 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 buying an additional 12,062 shares in the last quarter. Jane Street Group LLC increased its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% in the 4th quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock worth $692,000 after acquiring an additional 8,467 shares during the last quarter. Farther Finance Advisors LLC increased its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% in the 4th quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after acquiring an additional 2,000 shares during the last quarter. JPL Wealth Management LLC bought a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth approximately $34,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth approximately $114,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Up 1.1%

KraneShares Electric Vehicles and Future Mobility Index ETF stock traded up $0.43 on Wednesday, hitting $37.85. 128,256 shares of the stock traded hands, compared to its average volume of 31,769. The firm has a market cap of $102.20 million, a P/E ratio of 17.78 and a beta of 1.10. The business’s fifty day simple moving average is $33.72 and its 200 day simple moving average is $32.23. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1 year low of $20.15 and a 1 year high of $38.12.

KraneShares Electric Vehicles and Future Mobility Index ETF Company Profile

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.