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

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the recipient of a significant increase in short interest in 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 volume of 18,217 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.3% of the shares of the company are short sold.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth about $34,000. Farther Finance Advisors LLC boosted its holdings 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 valued at $64,000 after purchasing an additional 2,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter valued at approximately $53,000. Jane Street Group LLC increased its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% during 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. Finally, OLD Mission Capital LLC increased its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% during the 4th quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock worth $1,504,000 after purchasing an additional 12,062 shares during the period.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 1.3%

NYSEARCA:KARS traded down $0.41 during midday trading on Friday, reaching $30.54. The stock had a trading volume of 326,262 shares, compared to its average volume of 31,473. The stock has a market cap of $82.46 million, a P/E ratio of 17.78 and a beta of 1.08. The firm has a fifty day simple moving average of $35.06 and a two-hundred day simple moving average of $33.03. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12-month low of $21.71 and a 12-month high of $38.12.

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.