KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Trading Down 2.5% – What’s Next?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS)’s stock price dropped 2.5% during trading on Tuesday . The stock traded as low as $21.75 and last traded at $21.83. Approximately 8,571 shares changed hands during trading, a decline of 67% from the average daily volume of 26,292 shares. The stock had previously closed at $22.39.

KraneShares Electric Vehicles and Future Mobility Index ETF Trading Up 1.1 %

The company has a 50 day moving average price of $22.26 and a 200 day moving average price of $20.72. The firm has a market cap of $99.27 million, a PE ratio of 11.95 and a beta of 1.28.

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

Several institutional investors have recently modified their holdings of the company. Westside Investment Management Inc. purchased a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter valued at approximately $32,000. Commonwealth Equity Services LLC lifted its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 39.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,421 shares of the company’s stock valued at $318,000 after buying an additional 4,614 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 227.4% in the 1st quarter. Jane Street Group LLC now owns 208,154 shares of the company’s stock valued at $4,675,000 after buying an additional 144,577 shares in the last 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.