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

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,856 shares, a decrease of 31.2% from the February 26th total of 9,963 shares. Based on an average trading volume of 18,756 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

A number of large investors have recently bought and sold shares of KARS. JPL Wealth Management LLC bought a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter valued at $34,000. Farther Finance Advisors LLC grew its stake in shares of 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 worth $64,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Inc. bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter worth $53,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth about $114,000. Finally, Jane Street Group LLC increased its holdings 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 acquiring an additional 8,467 shares during the last quarter.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Up 0.7%

Shares of NYSEARCA:KARS traded up $0.21 during mid-day trading on Friday, reaching $31.43. The company had a trading volume of 5,953 shares, compared to its average volume of 18,157. The firm has a market cap of $75.43 million, a price-to-earnings ratio of 17.78 and a beta of 1.19. The company’s 50-day moving average price is $32.08 and its 200-day moving average price is $31.12. KraneShares Electric Vehicles and Future Mobility Index ETF has a one year low of $17.44 and a one year high of $33.73.

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.