KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Price Down 0.6% – Time to Sell?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) shares dropped 0.6% during trading on Wednesday . The stock traded as low as $21.82 and last traded at $21.92. Approximately 5,956 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 19,366 shares. The stock had previously closed at $22.06.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

The firm has a 50-day moving average of $21.90 and a 200-day moving average of $21.85. The firm has a market capitalization of $64.23 million, a P/E ratio of 20.97 and a beta of 1.24.

Hedge Funds Weigh In On KraneShares Electric Vehicles and Future Mobility Index ETF

A hedge fund recently bought a new stake in KraneShares Electric Vehicles and Future Mobility Index ETF stock. Westside Investment Management Inc. acquired a new stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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.