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

KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS)’s stock price dropped 0.6% during mid-day trading on Wednesday . The company 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 Trading Down 0.6 %

The stock’s 50-day moving average is $21.89 and its 200-day moving average is $21.83. The company has a market cap of $65.76 million, a price-to-earnings ratio of 20.97 and a beta of 1.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in KraneShares Electric Vehicles and Future Mobility Index ETF stock. Westside Investment Management Inc. acquired a new position in shares of KraneShares Electric Vehicles and Future Mobility Index ETF (NYSEARCA:KARS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.