KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Short Interest Update

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 9,963 shares, a growth of 16.4% from the February 12th total of 8,561 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 17,922 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 17,922 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

NYSEARCA KARS opened at $31.34 on Thursday. KraneShares Electric Vehicles and Future Mobility Index ETF has a fifty-two week low of $17.44 and a fifty-two week high of $33.73. The stock’s 50-day moving average is $32.19 and its two-hundred day moving average is $30.91. The firm has a market cap of $75.22 million, a P/E ratio of 17.78 and a beta of 1.19.

KraneShares Electric Vehicles and Future Mobility Index ETF Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were issued a dividend of $0.0559 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 18.0%.

Institutional Investors Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in KARS. OLD Mission Capital LLC boosted its position 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 during the period. Jane Street Group LLC raised its position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% in the fourth quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock valued at $692,000 after purchasing an additional 8,467 shares during the period. Farther Finance Advisors LLC raised its position in shares of 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 period. JPL Wealth Management LLC acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth $34,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth $114,000.

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.