KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Trading Up 0.2% – Time to Buy?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS)’s stock price were up 0.2% during trading on Thursday . The stock traded as high as $21.41 and last traded at $21.23. Approximately 16,563 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 17,627 shares. The stock had previously closed at $21.18.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

The company has a market capitalization of $61.57 million, a P/E ratio of 18.81 and a beta of 1.15. The stock’s 50 day moving average is $21.02 and its 200-day moving average is $21.36.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KARS. Larson Financial Group LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the first quarter valued at $41,000. Cambridge Investment Research Advisors Inc. increased its position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 17.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,182 shares of the company’s stock valued at $301,000 after acquiring an additional 2,103 shares in the last quarter. GTS Securities LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 4th quarter worth approximately $372,000. Finally, Jane Street Group LLC lifted its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% in the 1st quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock valued at $1,307,000 after acquiring an additional 30,927 shares in the last quarter.

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.