Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Decreases By 33.5%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 217,977 shares, a drop of 33.5% from the March 15th total of 327,901 shares. Based on an average trading volume of 188,567 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.2% of the company’s shares are sold short.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

NYSEARCA:KMLM traded up $0.21 during trading hours on Thursday, hitting $28.51. The stock had a trading volume of 172,039 shares, compared to its average volume of 179,980. The business’s 50 day moving average is $27.54 and its 200-day moving average is $26.92. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a one year low of $25.28 and a one year high of $28.73. The company has a market cap of $296.50 million, a price-to-earnings ratio of 9.85 and a beta of -0.39.

Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

Large investors have recently modified their holdings of the stock. Simplex Trading LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter worth $105,000. Advisory Services Network LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter worth approximately $148,000. Wealthcare Capital Management LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth approximately $209,000. Finally, Signet Private Wealth LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter worth approximately $258,000.

About KraneShares Mount Lucas Managed Futures Index Strategy ETF

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.