KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 93,757 shares, a decline of 47.5% from the May 31st total of 178,475 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 333,648 shares, the days-to-cover ratio is presently 0.3 days.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.1%
KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded up $0.02 during mid-day trading on Wednesday, hitting $27.54. The company’s stock had a trading volume of 175,813 shares, compared to its average volume of 219,919. The firm has a market capitalization of $264.38 million, a PE ratio of 9.85 and a beta of -0.37. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1 year low of $25.77 and a 1 year high of $30.17. The stock’s fifty day moving average is $28.69 and its two-hundred day moving average is $27.63.
Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF
Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 119.8% in the 1st quarter. Royal Bank of Canada now owns 38,579 shares of the company’s stock valued at $1,088,000 after buying an additional 21,025 shares during the period. Manning & Napier Advisors LLC increased its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the first quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after acquiring an additional 82,745 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the first quarter valued at about $976,000. Latitude Advisors LLC raised its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% in the 1st quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock valued at $2,236,000 after acquiring an additional 529 shares during the period. Finally, Ferguson Shapiro LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter valued at approximately $859,000.
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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