KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 179,032 shares, a decrease of 17.9% from the March 31st total of 217,977 shares. Based on an average daily volume of 237,646 shares, the short-interest ratio is presently 0.8 days. Currently, 1.7% of the company’s stock are sold short.
Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth $26,000. EverSource Wealth Advisors LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth $105,000. Advisory Services Network LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth $148,000. Wealthcare Capital Management LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth $209,000. Finally, Signet Private Wealth LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth $258,000.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance
KMLM stock traded down $0.31 during midday trading on Friday, reaching $29.33. The stock had a trading volume of 208,404 shares, compared to its average volume of 208,278. The stock has a market cap of $281.57 million, a PE ratio of 9.85 and a beta of -0.36. The firm has a fifty day simple moving average of $27.99 and a two-hundred day simple moving average of $27.07. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52-week low of $25.28 and a 52-week high of $29.96.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Company Profile
The KFA Mount Lucas Index Strategy ETF (KMLM) is an exchange-traded fund that is based on the KFA MLM index. The fund aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility. KMLM was launched on Dec 2, 2020 and is managed by KraneShares.
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