KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) Stock Price Up 1.7% – Here’s What Happened

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS)’s share price rose 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 Trading Up 4.7 %

The company has a market capitalization of $104.85 million, a P/E ratio of 11.95 and a beta of 1.28. The stock’s 50-day moving average price is $21.27 and its 200-day moving average price is $20.66.

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. Jane Street Group LLC increased its stake in shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) by 227.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,154 shares of the company’s stock after purchasing an additional 144,577 shares during the quarter. Jane Street Group LLC owned approximately 4.63% of KraneShares Electric Vehicles and Future Mobility Index ETF worth $4,675,000 as of its most recent filing with the SEC.

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.