Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Decreases By 39.4%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 13,516 shares, a decline of 39.4% from the August 15th total of 22,307 shares. Based on an average daily volume of 20,425 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are sold short.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

KARS stock traded down $0.34 during mid-day trading on Friday, reaching $28.64. 917 shares of the company’s stock were exchanged, compared to its average volume of 26,897. The company has a market cap of $85.90 million, a price-to-earnings ratio of 17.78 and a beta of 1.10. The stock’s 50 day moving average is $30.05 and its 200 day moving average is $32.38. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12-month low of $28.39 and a 12-month high of $38.12.

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.