KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Price Up 1.9% – Here’s What Happened

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARSGet Free Report)’s share price shot up 1.9% on Friday . The company traded as high as $31.48 and last traded at $31.48. 6,933 shares traded hands during trading, a decline of 74% from the average session volume of 27,102 shares. The stock had previously closed at $30.90.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

The firm has a 50-day simple moving average of $30.71 and a 200 day simple moving average of $27.59. The company has a market capitalization of $85.00 million, a PE ratio of 17.78 and a beta of 1.19.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

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

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

A number of hedge funds have recently made changes to their positions in KARS. JPL Wealth Management LLC acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth $34,000. Advantage Trust Co purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter worth $26,000. Harbor Asset Planning Inc. acquired a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter worth $39,000. Raymond James Financial Inc. acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at about $53,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth about $114,000.

About KraneShares Electric Vehicles and Future Mobility Index ETF

(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.

Further Reading

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