KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Price Up 1.7% – Time to Buy?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS)’s stock price traded up 1.7% during trading on Tuesday . The company traded as high as $23.46 and last traded at $23.23. 12,876 shares were traded during mid-day trading, a decline of 52% from the average session volume of 26,778 shares. The stock had previously closed at $22.84.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Up 4.7 %

The business’s 50 day moving average is $21.27 and its 200 day moving average is $20.66. The company has a market cap of $104.85 million, a P/E ratio of 11.95 and a beta of 1.28.

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

An institutional investor recently raised its position in KraneShares Electric Vehicles and Future Mobility Index ETF stock. Commonwealth Equity Services LLC raised its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) by 39.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,421 shares of the company’s stock after acquiring an additional 4,614 shares during the period. Commonwealth Equity Services LLC owned approximately 0.36% of KraneShares Electric Vehicles and Future Mobility Index ETF worth $318,000 at the end of the most recent 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.