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

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant decline in short interest during the month of 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 trading volume of 20,425 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are sold short.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

KARS traded down $0.12 on Wednesday, reaching $28.67. The company’s stock had a trading volume of 2,925 shares, compared to its average volume of 27,162. The stock has a market cap of $85.98 million, a price-to-earnings ratio of 17.78 and a beta of 1.10. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1 year low of $28.39 and a 1 year high of $38.12. The business’s 50 day moving average is $30.12 and its 200 day moving average is $32.44.

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.