Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Expands By 111.3%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 5,293 shares, an increase of 111.3% from the November 30th total of 2,505 shares. Based on an average daily volume of 10,428 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,428 shares, the short-interest ratio is presently 0.5 days.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

KARS traded up $0.58 during trading on Friday, reaching $31.48. 6,933 shares of the company traded hands, compared to its average volume of 27,102. The company has a market cap of $85.00 million, a P/E ratio of 17.78 and a beta of 1.19. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12-month low of $17.44 and a 12-month high of $32.50. The firm has a fifty day simple moving average of $30.71 and a 200 day simple moving average of $27.54.

KraneShares Electric Vehicles and Future Mobility Index ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KARS. JPL Wealth Management LLC purchased a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter valued at about $34,000. Advantage Trust Co bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at approximately $39,000. Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter valued at approximately $53,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth approximately $114,000.

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.