KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS – Get Free Report) shares rose 0.9% on Friday . The stock traded as high as $25.08 and last traded at $25.04. Approximately 12,353 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 31,004 shares. The stock had previously closed at $24.82.
KraneShares Electric Vehicles and Future Mobility Index ETF Stock Up 0.9 %
The company’s 50 day moving average price is $26.17 and its 200 day moving average price is $29.14. The firm has a market capitalization of $142.71 million, a price-to-earnings ratio of 20.99 and a beta of 1.27.
Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Operose Advisors LLC acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth approximately $55,000. Westside Investment Management Inc. increased its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 22.4% during the 1st quarter. Westside Investment Management Inc. now owns 3,275 shares of the company’s stock worth $100,000 after buying an additional 600 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 1.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,738 shares of the company’s stock valued at $974,000 after purchasing an additional 466 shares during the last quarter.
KraneShares Electric Vehicles and Future Mobility Index ETF Company Profile
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.
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