Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Drops By 47.0%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 22,307 shares, a decline of 47.0% from the July 30th total of 42,100 shares. Based on an average trading volume of 28,876 shares, the short-interest ratio is presently 0.8 days. Approximately 0.9% of the shares of the company are short sold.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

NYSEARCA:KARS traded down $0.09 on Monday, reaching $30.84. 13,110 shares of the company’s stock were exchanged, compared to its average volume of 28,202. The firm has a market cap of $80.18 million, a price-to-earnings ratio of 17.78 and a beta of 1.09. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52 week low of $26.39 and a 52 week high of $38.12. The stock has a fifty day simple moving average of $30.52 and a 200-day simple moving average of $32.68.

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

Several institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC grew its position in shares of 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 purchasing an additional 12,062 shares in the last quarter. 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 purchasing an additional 8,467 shares during the period. Farther Finance Advisors LLC boosted its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% in the 4th quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after purchasing an additional 2,000 shares during the period. JPL Wealth Management LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter valued at about $34,000. Finally, Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter valued at about $53,000.

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.