KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Shares Up 0.5% – Here’s Why

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) shares shot up 0.5% on Monday . The stock traded as high as $38.06 and last traded at $38.01. 27,967 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 30,718 shares. The stock had previously closed at $37.81.

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

The firm’s 50 day simple moving average is $33.72 and its 200 day simple moving average is $32.23. The company has a market capitalization of $102.20 million, a PE ratio of 17.78 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth $34,000. Farther Finance Advisors LLC boosted its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 2,197.8% during the fourth quarter. Farther Finance Advisors LLC now owns 2,091 shares of the company’s stock worth $64,000 after buying an additional 2,000 shares during the period. Raymond James Financial Inc. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the second quarter worth $53,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in KraneShares Electric Vehicles and Future Mobility Index ETF during the third quarter worth $114,000. Finally, Jane Street Group LLC boosted its stake in KraneShares Electric Vehicles and Future Mobility Index ETF by 59.6% during the fourth quarter. Jane Street Group LLC now owns 22,667 shares of the company’s stock worth $692,000 after buying an additional 8,467 shares during the period.

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.