Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Expands By 16.4%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 9,963 shares, a growth of 16.4% from the February 12th total of 8,561 shares. Based on an average daily volume of 17,922 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 17,922 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

A number of institutional investors have recently added to or reduced their stakes in KARS. Jane Street Group LLC increased its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% in the 1st quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock valued at $1,307,000 after purchasing an additional 30,927 shares in the last quarter. OLD Mission Capital LLC boosted 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 worth $1,504,000 after buying an additional 12,062 shares during the period. Q3 Asset Management purchased a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth about $1,075,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter valued at about $114,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter valued at about $53,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

NYSEARCA KARS opened at $32.37 on Tuesday. KraneShares Electric Vehicles and Future Mobility Index ETF has a one year low of $17.44 and a one year high of $33.73. The company’s 50 day moving average price is $32.20 and its 200 day moving average price is $30.87. The firm has a market capitalization of $77.69 million, a price-to-earnings ratio of 17.78 and a beta of 1.19.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

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

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.