KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Price Down 0.6% – Here’s What Happened

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) shares were down 0.6% during trading on Wednesday . The company traded as low as $21.82 and last traded at $21.92. Approximately 5,956 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 19,366 shares. The stock had previously closed at $22.06.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

The firm has a market capitalization of $65.76 million, a P/E ratio of 20.97 and a beta of 1.24. The stock’s 50 day moving average is $21.89 and its two-hundred day moving average is $21.83.

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

A hedge fund recently bought a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF stock. GTS Securities LLC purchased a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,768 shares of the company’s stock, valued at approximately $372,000. GTS Securities LLC owned 0.39% of KraneShares Electric Vehicles and Future Mobility Index ETF at the end of the most recent 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.