KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 17,008 shares, a decline of 78.0% from the May 14th total of 77,146 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 28,178 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. JPL Wealth Management LLC purchased a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter valued at about $34,000. Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth about $53,000. Farther Finance Advisors LLC raised its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the fourth quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after purchasing an additional 2,000 shares in the last quarter. Jane Street Group LLC raised its holdings in 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 purchasing an additional 8,467 shares in the last quarter. Finally, OLD Mission Capital LLC raised its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% during the fourth quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock worth $1,504,000 after purchasing an additional 12,062 shares in the last quarter.
KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance
Shares of NYSEARCA:KARS traded up $0.54 during trading on Friday, hitting $33.79. The company’s stock had a trading volume of 4,273 shares, compared to its average volume of 30,215. The business has a 50 day moving average price of $35.13 and a two-hundred day moving average price of $32.83. The company has a market capitalization of $91.23 million, a PE ratio of 17.78 and a beta of 1.08. KraneShares Electric Vehicles and Future Mobility Index ETF has a fifty-two week low of $21.04 and a fifty-two week 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.
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