KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Short Interest Down 63.2% in July

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 130,521 shares, a decrease of 63.2% from the June 30th total of 354,674 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 188,556 shares, the days-to-cover ratio is currently 0.7 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Down 0.4%

Shares of KMLM traded down $0.11 during midday trading on Tuesday, reaching $29.23. The company had a trading volume of 159,758 shares, compared to its average volume of 236,554. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1-year low of $25.77 and a 1-year high of $30.17. The firm has a 50 day simple moving average of $28.41 and a 200-day simple moving average of $27.94. The stock has a market cap of $377.07 million, a PE ratio of 9.85 and a beta of -0.36.

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

Several hedge funds and other institutional investors have recently bought and sold shares of KMLM. Ted Buchan & Co boosted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 7.8% in the 4th quarter. Ted Buchan & Co now owns 278,854 shares of the company’s stock valued at $7,236,000 after purchasing an additional 20,262 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% during the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock worth $5,746,000 after buying an additional 25,414 shares during the last quarter. Abbington Investment Group raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% during the 4th quarter. Abbington Investment Group now owns 190,466 shares of the company’s stock valued at $4,943,000 after buying an additional 39,582 shares during the period. Manning & Napier Advisors LLC raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the 1st quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after buying an additional 82,745 shares during the period. Finally, Longview Financial Advisors Inc. boosted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% during the first quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock worth $3,796,000 after buying an additional 7,592 shares during the period.

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.