KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 9,963 shares, an increase of 16.4% from the February 12th total of 8,561 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 17,922 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 17,922 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in KARS. JPL Wealth Management LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter valued at $34,000. Farther Finance Advisors LLC increased its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after purchasing an additional 2,000 shares during the period. Raymond James Financial Inc. acquired a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter valued at about $53,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter valued at about $114,000. Finally, Jane Street Group LLC boosted its stake in shares of 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 valued at $692,000 after buying an additional 8,467 shares during the period.
KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance
Shares of KARS opened at $32.34 on Wednesday. The firm has a 50-day simple moving average of $32.20 and a two-hundred day simple moving average of $30.91. The stock has a market cap of $77.62 million, a PE ratio of 17.78 and a beta of 1.19. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1-year low of $17.44 and a 1-year high of $33.73.
KraneShares Electric Vehicles and Future Mobility Index ETF Dividend Announcement
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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