KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Sees Large Growth in Short Interest

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 42,100 shares, a growth of 1,109.1% from the July 15th total of 3,482 shares. Based on an average daily trading volume, of 12,022 shares, the short-interest ratio is currently 3.5 days. Currently, 1.6% of the shares of the stock are short sold.

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

Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its position 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 in the last quarter. OLD Mission Capital LLC boosted its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% in the fourth quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock valued at $1,504,000 after buying an additional 12,062 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth $53,000. Farther Finance Advisors LLC increased its holdings in shares of 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 worth $64,000 after buying an additional 2,000 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth $34,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

NYSEARCA:KARS traded up $0.43 during trading hours on Wednesday, hitting $31.23. The company’s stock had a trading volume of 7,497 shares, compared to its average volume of 28,318. The stock has a fifty day simple moving average of $31.25 and a 200-day simple moving average of $32.79. The company has a market capitalization of $81.20 million, a P/E ratio of 17.78 and a beta of 1.09. KraneShares Electric Vehicles and Future Mobility Index ETF has a twelve month low of $25.54 and a twelve month high of $38.12.

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.