KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Short Interest Up 77.5% in January

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 10,102 shares, a growth of 77.5% from the December 31st total of 5,692 shares. Based on an average daily volume of 25,952 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 25,952 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth approximately $34,000. Advantage Trust Co purchased a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth about $26,000. Harbor Asset Planning Inc. purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at approximately $39,000. Farther Finance Advisors LLC boosted its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% in the fourth 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, Raymond James Financial Inc. bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter worth approximately $53,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

NYSEARCA:KARS traded down $1.03 during trading hours on Friday, hitting $31.26. The company’s stock had a trading volume of 13,283 shares, compared to its average volume of 21,294. The stock has a fifty day simple moving average of $31.25 and a 200-day simple moving average of $29.34. KraneShares Electric Vehicles and Future Mobility Index ETF has a twelve month low of $17.44 and a twelve month high of $33.30. The company has a market capitalization of $75.02 million, a P/E ratio of 17.78 and a beta of 1.19.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were paid a $0.0559 dividend. This represents a dividend yield of 18.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.