KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Shares Shorted: Short Interest Down 62.7% in September

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,047 shares, a drop of 62.7% from the August 31st total of 13,516 shares. Based on an average trading volume of 12,411 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Down 1.4%

NYSEARCA KARS traded down $0.38 on Tuesday, reaching $27.62. The stock had a trading volume of 2,689 shares, compared to its average volume of 26,101. The business has a 50 day moving average price of $29.86 and a 200 day moving average price of $32.23. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1 year low of $27.40 and a 1 year high of $38.12. The company has a market capitalization of $71.81 million, a price-to-earnings ratio of 17.78 and a beta of 1.10.

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.