KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Price Down 0.5% – What’s Next?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS)’s share price were down 0.5% during mid-day trading on Wednesday . The company traded as low as $30.13 and last traded at $30.17. Approximately 38,394 shares traded 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 firm has a market capitalization of $78.44 million, a price-to-earnings ratio of 17.78 and a beta of 1.09. The business has a 50 day moving average of $31.69 and a 200 day moving average of $32.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 100.9% in the first quarter. Jane Street Group LLC now owns 61,567 shares of the company’s stock valued at $1,307,000 after buying an additional 30,927 shares during the period. OLD Mission Capital LLC lifted its stake in 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 valued at $1,504,000 after acquiring an additional 12,062 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter valued at about $53,000. Farther Finance Advisors LLC increased its holdings in shares of KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after acquiring an additional 2,000 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF during the 3rd quarter valued at $34,000.

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.