Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Expands By 261.0%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a significant increase in short interest during 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 short-interest ratio is currently 3.4 days. Currently, 2.3% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% during the 1st quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock worth $1,307,000 after purchasing an additional 30,927 shares during the last quarter. OLD Mission Capital LLC grew its stake 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 acquiring an additional 12,062 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter worth about $53,000. Farther Finance Advisors LLC increased its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the fourth 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. Finally, JPL Wealth Management LLC bought a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter valued at $34,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

KARS stock traded up $0.56 during midday trading on Monday, reaching $31.10. 1,688 shares of the company were exchanged, compared to its average volume of 31,228. KraneShares Electric Vehicles and Future Mobility Index ETF has a one year low of $21.71 and a one year high of $38.12. The firm has a market capitalization of $83.97 million, a price-to-earnings ratio of 17.78 and a beta of 1.08. The business has a 50-day moving average price of $35.06 and a two-hundred day moving average price of $33.03.

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.