KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report)’s stock price traded down 0.2% on Thursday. The company traded as low as $30.47 and last traded at $30.79. 167,394 shares traded hands during trading, a decline of 38% from the average session volume of 270,249 shares. The stock had previously closed at $30.85.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance
The company’s fifty day simple moving average is $30.64 and its 200-day simple moving average is $28.72. The firm has a market capitalization of $595.79 million, a PE ratio of 9.85 and a beta of -0.36.
Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF
A number of hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter worth about $745,000. Ferguson Shapiro LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter worth approximately $859,000. Manning & Napier Advisors LLC boosted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the 1st quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock worth $4,524,000 after purchasing an additional 82,745 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 119.8% during the 1st quarter. Royal Bank of Canada now owns 38,579 shares of the company’s stock worth $1,088,000 after purchasing an additional 21,025 shares during the last quarter. Finally, Tactive Advisors LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at approximately $1,000,000.
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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