KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Trading 1.7% Higher – Time to Buy?

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) shares were up 1.7% during mid-day trading on Tuesday . The company traded as high as $23.46 and last traded at $23.23. Approximately 12,876 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 26,778 shares. The stock had previously closed at $22.84.

KraneShares Electric Vehicles and Future Mobility Index ETF Stock Performance

The stock has a market cap of $104.54 million, a price-to-earnings ratio of 11.95 and a beta of 1.28. The company’s 50 day simple moving average is $21.11 and its 200 day simple moving average is $20.63.

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 raised its holdings in KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) by 39.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,421 shares of the company’s stock after acquiring an additional 4,614 shares during the quarter. Commonwealth Equity Services LLC owned 0.36% of KraneShares Electric Vehicles and Future Mobility Index ETF worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

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.