KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 13,516 shares, a drop of 39.4% from the August 15th total of 22,307 shares. Based on an average daily 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 Trading Down 0.4%
Shares of KARS traded down $0.12 during midday trading on Wednesday, reaching $28.67. 2,925 shares of the company were exchanged, compared to its average volume of 27,162. 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 stock has a 50-day moving average price of $30.12 and a 200-day moving average price of $32.44. The company has a market cap of $85.98 million, a price-to-earnings ratio of 17.78 and a beta of 1.10.
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.
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