KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Trading 1.1% Higher – What’s Next?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM)’s stock price traded up 1.1% during mid-day trading on Monday . The company traded as high as $29.47 and last traded at $29.45. 247,538 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 244,325 shares. The stock had previously closed at $29.14.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 1.1%

The company has a 50-day simple moving average of $28.44 and a 200 day simple moving average of $28.18. The firm has a market cap of $422.61 million, a PE ratio of 9.85 and a beta of -0.36.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Ted Buchan & Co increased its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 7.8% in the fourth quarter. Ted Buchan & Co now owns 278,854 shares of the company’s stock valued at $7,236,000 after buying an additional 20,262 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% during the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock valued at $5,746,000 after acquiring an additional 25,414 shares during the period. Manning & Napier Advisors LLC increased its stake in shares of 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 in the last quarter. Longview Financial Advisors Inc. raised its holdings 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 worth $3,796,000 after purchasing an additional 7,592 shares during the period. Finally, Jane Street Group LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth about $3,271,000.

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.