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

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLMGet Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 93,757 shares, a drop of 47.5% from the May 31st total of 178,475 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 333,648 shares, the days-to-cover ratio is currently 0.3 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 0.3%

KMLM opened at $27.35 on Tuesday. The firm has a 50-day moving average price of $28.71 and a 200-day moving average price of $27.62. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.77 and a twelve month high of $30.17. The company has a market capitalization of $262.56 million, a price-to-earnings ratio of 9.85 and a beta of -0.37.

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

Several institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth about $105,000. Advisory Services Network LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth about $148,000. Signet Private Wealth LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth about $258,000. Finally, Worth Asset Management LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter worth about $273,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Company Profile

(Get Free Report)

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.

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