KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Short Interest Report for October

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 1,227 shares, a decline of 75.7% from the October 15th total of 5,046 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 6,446 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

A hedge fund recently raised its position in KraneShares Electric Vehicles and Future Mobility Index ETF stock. Prime Capital Investment Advisors LLC increased its stake in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,371 shares of the company’s stock after purchasing an additional 4,723 shares during the quarter. Prime Capital Investment Advisors LLC owned approximately 1.17% of KraneShares Electric Vehicles and Future Mobility Index ETF worth $843,000 at the end of the most recent quarter.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Down 0.8%

KARS stock traded down $0.19 during midday trading on Friday, reaching $24.89. 1,742 shares of the company’s stock traded hands, compared to its average volume of 23,312. KraneShares Electric Vehicles and Future Mobility Index ETF has a 52-week low of $24.78 and a 52-week high of $38.12. The stock has a market cap of $62.23 million, a P/E ratio of 17.34 and a beta of 1.09. The stock’s 50-day moving average is $27.17 and its 200 day moving average is $31.20.

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.