KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Short Interest Update

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 354,674 shares, an increase of 278.3% from the June 15th total of 93,757 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 225,692 shares, the days-to-cover ratio is presently 1.6 days.

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

A number of institutional investors have recently modified their holdings of the company. Manning & Napier Advisors LLC raised its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 497.6% in the 4th quarter. Manning & Napier Advisors LLC now owns 77,226 shares of the company’s stock valued at $2,006,000 after acquiring an additional 64,304 shares during the last quarter. Abbington Investment Group boosted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% during the fourth quarter. Abbington Investment Group now owns 190,466 shares of the company’s stock worth $4,943,000 after purchasing an additional 39,582 shares during the last quarter. Ferguson Shapiro LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the first quarter worth $859,000. Nvwm LLC grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% in the fourth quarter. Nvwm LLC now owns 58,951 shares of the company’s stock valued at $1,530,000 after purchasing an additional 35,008 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at $976,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

KMLM stock traded up $0.59 during trading on Monday, hitting $28.69. The stock had a trading volume of 273,997 shares, compared to its average volume of 218,812. The stock has a market cap of $325.63 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. The company’s 50 day moving average price is $28.51 and its two-hundred day moving average price is $27.67. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1-year low of $25.77 and a 1-year high of $30.17.

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.