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 significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 61,402 shares, an increase of 261.0% from the May 31st total of 17,008 shares. Based on an average daily trading volume, of 18,217 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.3% of the company’s shares are sold short.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 1.3%

Shares of KARS stock traded down $0.41 during mid-day trading on Friday, reaching $30.54. The company’s stock had a trading volume of 326,262 shares, compared to its average volume of 31,473. The company’s 50 day simple moving average is $35.06 and its 200-day simple moving average is $33.02. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12-month low of $21.71 and a 12-month high of $38.12. The firm has a market capitalization of $82.46 million, a PE ratio of 17.78 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the 4th 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 in the last quarter. JPL Wealth Management LLC acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth $34,000. Raymond James Financial Inc. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter worth $53,000. Jane Street Group LLC boosted its position 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 valued at $692,000 after buying an additional 8,467 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% in the 4th 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 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.