Shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) saw strong trading volume on Thursday. 2,042,259 shares changed hands during trading, an increase of 622% from the average daily volume of 282,813 shares. The stock last traded at $29.05 and had previously closed at $29.22.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance
The stock has a 50 day simple moving average of $30.71 and a 200-day simple moving average of $28.79. The firm has a market cap of $564.44 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
Several large investors have recently modified their holdings of KMLM. Ameritas Advisory Services LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at approximately $745,000. Manning & Napier Advisors LLC boosted its stake in 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 valued at $4,524,000 after purchasing an additional 82,745 shares during the last quarter. Royal Bank of Canada boosted its stake in 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 valued at $1,088,000 after purchasing an additional 21,025 shares during the last quarter. Tactive Advisors LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth $1,000,000. Finally, Worth Asset Management LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth $554,000.
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.
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