KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Short Interest Update

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 10,102 shares, an increase of 77.5% from the December 31st total of 5,692 shares. Based on an average daily trading volume, of 25,952 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,952 shares, the days-to-cover ratio is currently 0.4 days.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth $34,000. Advantage Trust Co bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter worth $26,000. Harbor Asset Planning Inc. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at approximately $39,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 worth $64,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter worth about $53,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

KraneShares Electric Vehicles and Future Mobility Index ETF stock opened at $31.26 on Friday. The firm has a market cap of $75.02 million, a P/E ratio of 17.78 and a beta of 1.19. The business’s fifty day moving average is $31.25 and its two-hundred day moving average is $29.29. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52 week low of $17.44 and a 52 week high of $33.30.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

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

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.