KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Trading 1.9% Higher – What’s Next?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) rose 1.9% during mid-day trading on Friday . The stock traded as high as $31.48 and last traded at $31.48. Approximately 6,933 shares traded hands during trading, a decline of 74% from the average daily volume of 27,102 shares. The stock had previously closed at $30.90.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

The stock has a market capitalization of $85.00 million, a PE ratio of 17.78 and a beta of 1.19. The business has a 50 day moving average of $30.71 and a two-hundred day moving average of $27.54.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KARS. Advantage Trust Co bought a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the 2nd quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth $34,000. Harbor Asset Planning Inc. acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth $39,000. Raymond James Financial Inc. acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth $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 3rd quarter valued at $114,000.

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. KARS was launched on Jan 18, 2018 and is managed by KraneShares.