Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Decreases By 27.0%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 8,561 shares, a decline of 27.0% from the January 29th total of 11,734 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 20,411 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 20,411 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% during the 1st quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock worth $1,307,000 after purchasing an additional 30,927 shares during the last quarter. OLD Mission Capital LLC boosted its stake in 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 acquiring an additional 12,062 shares during the last quarter. Q3 Asset Management acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter worth $1,075,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter worth $114,000. Finally, Raymond James Financial Inc. bought a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter worth about $53,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

NYSEARCA KARS traded up $0.45 during mid-day trading on Wednesday, hitting $31.60. The company’s stock had a trading volume of 102,381 shares, compared to its average volume of 21,766. The firm has a market capitalization of $75.84 million, a P/E ratio of 17.78 and a beta of 1.19. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52-week low of $17.44 and a 52-week high of $33.73. The stock’s fifty day simple moving average is $32.07 and its two-hundred day simple moving average is $30.54.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

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

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.