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 drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,047 shares, a drop of 62.7% from the August 31st total of 13,516 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 12,411 shares, the days-to-cover ratio is currently 0.4 days.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 1.0%

Shares of KARS stock traded down $0.29 during mid-day trading on Monday, reaching $28.00. 3,117 shares of the company’s stock traded hands, compared to its average volume of 26,228. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12 month low of $27.76 and a 12 month high of $38.12. The company has a market cap of $72.80 million, a P/E ratio of 17.78 and a beta of 1.10. The company’s 50-day moving average price is $29.86 and its 200-day moving average price is $32.23.

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.