KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Shares Down 1.4% – Should You Sell?

Shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) fell 1.4% during mid-day trading on Wednesday . The company traded as low as $19.41 and last traded at $19.57. 3,832 shares changed hands during trading, a decline of 81% from the average session volume of 19,679 shares. The stock had previously closed at $19.85.

KraneShares Electric Vehicles and Future Mobility Index ETF Price Performance

The firm has a market cap of $58.35 million, a price-to-earnings ratio of 19.80 and a beta of 1.20. The stock’s fifty day moving average price is $21.33 and its 200-day moving average price is $21.78.

Institutional Trading of KraneShares Electric Vehicles and Future Mobility Index ETF

An institutional investor recently bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF stock. Westside Investment Management Inc. purchased a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,400 shares of the company’s stock, valued at approximately $32,000.

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.