Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Increases By 179.8%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 77,146 shares, a growth of 179.8% from the April 30th total of 27,568 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,859 shares, the short-interest ratio is currently 1.0 days.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 0.5%

NYSEARCA:KARS traded down $0.17 during trading hours on Friday, hitting $36.00. 11,158 shares of the company’s stock traded hands, compared to its average volume of 31,335. The firm has a market cap of $97.20 million, a P/E ratio of 17.78 and a beta of 1.10. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52 week low of $20.15 and a 52 week high of $38.12. The business’s fifty day simple moving average is $34.65 and its two-hundred day simple moving average is $32.61.

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

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% during the first quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock valued at $1,307,000 after purchasing an additional 30,927 shares in the last quarter. OLD Mission Capital LLC raised its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% during the fourth quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock valued at $1,504,000 after purchasing an additional 12,062 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter valued at about $114,000. Raymond James Financial Inc. purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at about $53,000. Finally, Farther Finance Advisors LLC raised its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during 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 in the last quarter.

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.