KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Short Interest Falls 62.7%

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 5,047 shares, a decrease of 62.7% from the August 31st total of 13,516 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 12,411 shares, the days-to-cover ratio is currently 0.4 days.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

Shares of KARS stock traded up $0.17 during trading hours on Friday, reaching $28.29. 1,914 shares of the company traded hands, compared to its average volume of 26,353. The firm has a 50-day moving average price of $29.88 and a 200 day moving average price of $32.25. The company has a market cap of $73.55 million, a P/E ratio of 17.78 and a beta of 1.10. KraneShares Electric Vehicles and Future Mobility Index ETF has a 12-month low of $28.11 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.