KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Trading Up 1.4% – Should You Buy?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) were up 1.4% during trading on Monday . The stock traded as high as $21.89 and last traded at $21.76. Approximately 8,077 shares changed hands during trading, a decline of 15% from the average daily volume of 9,471 shares. The stock had previously closed at $21.47.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Down 0.1 %

The firm has a 50 day moving average of $21.83 and a 200 day moving average of $20.95. The firm has a market cap of $97.79 million, a price-to-earnings ratio of 11.95 and a beta of 1.28.

Institutional Investors 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 KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,400 shares of the company’s stock, valued at approximately $32,000.

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.