KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Price Up 1.9% – Time to Buy?

Shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARSGet Free Report) shot up 1.9% on Friday . The stock traded as high as $31.48 and last traded at $31.48. 6,933 shares were traded during trading, a decline of 74% from the average session volume of 27,102 shares. The stock had previously closed at $30.90.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Up 1.9%

The company has a market capitalization of $85.00 million, a PE ratio of 17.78 and a beta of 1.19. The business has a 50 day simple moving average of $30.71 and a 200 day simple moving average of $27.54.

KraneShares Electric Vehicles and Future Mobility Index ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were given a $0.0559 dividend. This represents a dividend yield of 18.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KARS. JPL Wealth Management LLC purchased a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the third quarter worth $34,000. Advantage Trust Co purchased a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter valued at $26,000. Harbor Asset Planning Inc. acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter valued at $39,000. Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 2nd quarter worth $53,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF in the 3rd quarter worth $114,000.

KraneShares Electric Vehicles and Future Mobility Index ETF Company Profile

(Get Free Report)

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.

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