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

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 24,323 shares, a drop of 79.7% from the July 30th total of 119,752 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 371,063 shares, the short-interest ratio is presently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter valued at approximately $745,000. Compass Financial Management LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter valued at about $277,000. Invested Advisors bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter valued at approximately $356,000. Fermata Advisors LLC lifted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.1% in the second quarter. Fermata Advisors LLC now owns 30,837 shares of the company’s stock worth $849,000 after buying an additional 1,495 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 119.8% during the first quarter. Royal Bank of Canada now owns 38,579 shares of the company’s stock worth $1,088,000 after acquiring an additional 21,025 shares during the last quarter.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

Shares of KMLM stock traded up $0.33 during mid-day trading on Wednesday, hitting $29.15. The company’s stock had a trading volume of 103,637 shares, compared to its average volume of 242,380. The business has a 50-day moving average price of $28.56 and a 200 day moving average price of $28.29. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52-week low of $25.77 and a 52-week high of $30.17. The stock has a market cap of $418.30 million, a price-to-earnings ratio of 9.85 and a beta of -0.36.

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.