Short Interest in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Declines By 39.4%

by · The Cerbat Gem

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) was the target of 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 trading volume of 20,425 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

Shares of KraneShares Electric Vehicles and Future Mobility Index ETF stock traded up $0.57 on Thursday, hitting $28.98. 4,209 shares of the company’s stock were exchanged, compared to its average volume of 27,043. The company has a 50-day simple moving average of $30.05 and a 200-day simple moving average of $32.38. The stock has a market capitalization of $86.91 million, a PE ratio of 17.78 and a beta of 1.10. KraneShares Electric Vehicles and Future Mobility Index ETF has a 1 year low of $28.39 and a 1 year high of $38.12.

KraneShares Electric Vehicles and Future Mobility Index ETF Company Profile

(Get Free Report)

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.

See Also