September short interest plunges in some securities while surging sharply in others.

September short interest fell sharply in Localiza Rent a Car (down 65%), the 6 Meridian Mega Cap Equity ETF (down 74.5%), and the KraneShares Electric Vehicles and Future Mobility ETF (down 62.7%). By contrast, short interest rose 190.4% in the KraneShares Global Carbon Strategy ETF and 155.6% in the KraneShares Mount Lucas Managed Futures ETF, indicating divergent shifts in bearish positioning across the securities covered.
As of September 15, Localiza Rent a Car had 1,676 shares sold short, equivalent to a days-to-cover ratio of 0.0 based on average daily volume. The article also reports that Zacks Research downgraded the stock from “strong-buy” to “strong sell,” and that MarketBeat data showed a consensus “Sell” rating.
Short interest in the KraneShares Global Carbon Strategy ETF reached 35,573 shares as of September 15, or 0.9% of its stock, with a days-to-cover ratio of 0.7. The article also notes that several institutional investors had recently established or increased positions in the ETF.
The KraneShares Mount Lucas Managed Futures ETF had 558,697 shares sold short as of September 15—about 3.2% of shares—with a days-to-cover ratio of 1.0. Several named investment firms, including NewEdge Advisors and Worth Asset Management, were also reported to have bought positions in the fund.
The 6 Meridian Mega Cap Equity ETF’s short interest stood at 6,127 shares, or 0.1% of its shares, with a short-interest ratio of 0.7 days. The actively managed fund invests in large-cap U.S. equities selected from the Russell 3000 Index.
The KraneShares Electric Vehicles and Future Mobility ETF had 5,047 shares sold short, about 0.2% of its shares, and a short-interest ratio of 0.4 days. It tracks a modified market-cap-weighted index of companies involved in electric-vehicle production or other future-mobility initiatives.
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