KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 218,619 shares, an increase of 798.8% from the August 15th total of 24,323 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 238,557 shares, the days-to-cover ratio is currently 0.9 days.
Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF
Several hedge funds and other institutional investors have recently made changes to their positions in KMLM. Ted Buchan & Co raised its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 7.8% during the fourth quarter. Ted Buchan & Co now owns 278,854 shares of the company’s stock worth $7,236,000 after acquiring an additional 20,262 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% in the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock valued at $5,746,000 after purchasing an additional 25,414 shares during the period. Manning & Napier Advisors LLC lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% in the 1st quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after purchasing an additional 82,745 shares during the last quarter. Longview Financial Advisors Inc. lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% in the 1st quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock valued at $3,796,000 after purchasing an additional 7,592 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter worth about $3,271,000.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance
NYSEARCA KMLM traded up $0.64 during trading hours on Thursday, hitting $31.11. 556,926 shares of the company traded hands, compared to its average volume of 257,498. The business’s 50-day moving average is $29.14 and its 200-day moving average is $28.58. The stock has a market capitalization of $446.43 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.77 and a twelve month high of $31.11.
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.
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