Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Expands By 16.4%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 9,963 shares, a growth of 16.4% from the February 12th total of 8,561 shares. Based on an average trading volume of 17,922 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 17,922 shares, the days-to-cover ratio is currently 0.6 days.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

KraneShares Electric Vehicles and Future Mobility Index ETF stock opened at $32.37 on Tuesday. The stock has a 50-day moving average price of $32.20 and a 200 day moving average price of $30.87. 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 has a market cap of $77.69 million, a PE ratio of 17.78 and a beta of 1.19.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Stockholders 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%.

Hedge Funds Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. JPL Wealth Management LLC purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth approximately $34,000. Raymond James Financial Inc. purchased a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter valued at $53,000. Farther Finance Advisors LLC increased its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% in 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth about $114,000. Finally, Jane Street Group LLC boosted its stake in 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 worth $692,000 after buying an additional 8,467 shares during 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.