KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Trading 0.7% Higher – What’s Next?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares rose 0.7% during mid-day trading on Thursday . The stock traded as high as $27.59 and last traded at $27.59. 173,328 shares were traded during trading, a decline of 21% from the average session volume of 219,099 shares. The stock had previously closed at $27.40.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 0.7%

The firm has a market cap of $264.86 million, a price-to-earnings ratio of 9.85 and a beta of -0.37. The company’s 50-day moving average price is $28.75 and its 200-day moving average price is $27.61.

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

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 11.4% during the second quarter. Raymond James Financial Inc. now owns 187,951 shares of the company’s stock valued at $4,957,000 after acquiring an additional 19,272 shares during the last quarter. WFA of San Diego LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter worth approximately $415,000. EverSource Wealth Advisors LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter worth approximately $105,000. Blueprint Investment Partners LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter worth approximately $544,000. Finally, Blueprint Financial Advisors LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the third quarter worth approximately $544,000.

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.