KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 27,568 shares, a growth of 293.7% from the April 15th total of 7,003 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 66,988 shares, the short-interest ratio is currently 0.4 days.
KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 4.0%
KraneShares Electric Vehicles and Future Mobility Index ETF stock traded down $1.49 during mid-day trading on Friday, hitting $35.51. The company had a trading volume of 19,654 shares, compared to its average volume of 31,645. The stock has a market cap of $95.88 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 $20.15 and a 1 year high of $38.12. The business has a fifty day moving average of $33.91 and a 200 day moving average of $32.30.
Hedge Funds Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF
Several hedge funds have recently added to or reduced their stakes in KARS. JPL Wealth Management LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter valued at approximately $34,000. Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the second quarter valued at approximately $53,000. Farther Finance Advisors LLC increased its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% in the fourth 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter valued at approximately $114,000. Finally, Jane Street Group LLC grew its position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% during the fourth quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock worth $692,000 after acquiring an additional 8,467 shares during the last quarter.
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.
Read More
- Five stocks we like better than KraneShares Electric Vehicles and Future Mobility Index ETF
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for KraneShares Electric Vehicles and Future Mobility Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares Electric Vehicles and Future Mobility Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
