KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Shares Up 1.4% – Still a Buy?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) rose 1.4% on Monday . The company traded as high as $21.89 and last traded at $21.76. Approximately 8,077 shares were traded 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 Performance

The company has a fifty day moving average of $21.86 and a two-hundred day moving average of $20.94. The firm has a market capitalization of $97.92 million, a price-to-earnings ratio of 11.95 and a beta of 1.28.

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

A hedge fund recently raised its stake in KraneShares Electric Vehicles and Future Mobility Index ETF stock. Commonwealth Equity Services LLC increased its stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) by 39.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,421 shares of the company’s stock after buying an additional 4,614 shares during the quarter. Commonwealth Equity Services LLC owned about 0.36% of KraneShares Electric Vehicles and Future Mobility Index ETF worth $318,000 at the end of the most recent reporting period.

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.