KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Shares Down 0.5% – Here’s Why

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) shares fell 0.5% during trading on Wednesday . The stock traded as low as $30.13 and last traded at $30.17. 38,394 shares changed hands during trading, an increase of 33% from the average session volume of 28,788 shares. The stock had previously closed at $30.33.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

The company has a market capitalization of $80.21 million, a PE ratio of 17.78 and a beta of 1.09. The business has a 50-day moving average of $31.57 and a 200 day moving average of $32.81.

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

Hedge funds have recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter valued at $34,000. Raymond James Financial Inc. acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth approximately $53,000. Farther Finance Advisors LLC increased its position in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% in the fourth quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after buying an additional 2,000 shares during the period. Jane Street Group LLC grew its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% during the fourth quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock worth $692,000 after acquiring an additional 8,467 shares during the period. Finally, OLD Mission Capital LLC boosted its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 32.4% in the fourth quarter. OLD Mission Capital LLC now owns 49,260 shares of the company’s stock worth $1,504,000 after buying an additional 12,062 shares during the period.

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.