Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Drops By 37.5%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 327,901 shares, a decrease of 37.5% from the February 26th total of 524,619 shares. Based on an average daily trading volume, of 345,955 shares, the days-to-cover ratio is presently 0.9 days. Currently, 5.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $105,000. Advisory Services Network LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth about $148,000. Wealthcare Capital Management LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth about $209,000. Finally, Signet Private Wealth LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter worth about $258,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

Shares of KMLM stock traded up $0.33 during midday trading on Friday, reaching $28.07. 46,236 shares of the company traded hands, compared to its average volume of 166,388. The firm’s 50 day simple moving average is $26.99 and its two-hundred day simple moving average is $26.79. The firm has a market cap of $185.26 million, a PE ratio of 9.85 and a beta of -0.37. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1-year low of $25.28 and a 1-year high of $28.58.

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.