KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sees Large Growth in Short Interest

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 260,682 shares, an increase of 180.3% from the January 15th total of 93,015 shares. Based on an average daily volume of 128,764 shares, the short-interest ratio is currently 2.0 days. Currently, 3.9% of the shares of the stock are sold short. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 128,764 shares, the short-interest ratio is currently 2.0 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

Shares of NYSEARCA KMLM traded up $0.09 during trading on Friday, hitting $26.53. The company had a trading volume of 100,481 shares, compared to its average volume of 123,049. The business’s 50-day moving average is $26.46 and its 200 day moving average is $26.64. The company has a market cap of $175.10 million, a P/E ratio of 9.85 and a beta of -0.37. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52 week low of $25.28 and a 52 week high of $27.54.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were given a $1.3035 dividend. This represents a yield of 502.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Integrity Alliance LLC. acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth approximately $372,000. Bank of Montreal Can raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.8% during the second quarter. Bank of Montreal Can now owns 54,971 shares of the company’s stock worth $1,450,000 after acquiring an additional 986 shares in the last quarter. Nvwm LLC raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 18.2% during the second quarter. Nvwm LLC now owns 23,307 shares of the company’s stock worth $615,000 after acquiring an additional 3,593 shares in the last quarter. PFG Advisors lifted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 123.4% during the second quarter. PFG Advisors now owns 20,778 shares of the company’s stock valued at $548,000 after acquiring an additional 11,476 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at $3,713,000.

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.