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 target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 368,655 shares, an increase of 41.4% from the January 29th total of 260,682 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average daily volume of 138,011 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily volume of 138,011 shares, the days-to-cover ratio is presently 2.7 days. Currently, 5.6% of the company’s stock are short sold.

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

A number of institutional investors have recently modified their holdings of KMLM. Royal Bank of Canada raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 74.2% in the 4th quarter. Royal Bank of Canada now owns 17,554 shares of the company’s stock worth $456,000 after purchasing an additional 7,475 shares during the last quarter. Jane Street Group LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 4th quarter valued at about $3,271,000. Bank of Montreal Can increased its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 21.4% during the 4th quarter. Bank of Montreal Can now owns 66,880 shares of the company’s stock valued at $1,736,000 after purchasing an additional 11,787 shares in the last quarter. Andina Capital Management LLC raised its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.8% in the fourth quarter. Andina Capital Management LLC now owns 35,840 shares of the company’s stock worth $930,000 after buying an additional 1,957 shares during the last quarter. Finally, Signet Private Wealth LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter worth about $258,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Down 0.8%

Shares of KMLM stock traded down $0.23 during trading hours on Tuesday, hitting $27.02. 147,744 shares of the company’s stock traded hands, compared to its average volume of 121,308. The stock’s fifty day simple moving average is $26.45 and its two-hundred day simple moving average is $26.68. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 12-month low of $25.28 and a 12-month high of $27.54. The stock has a market cap of $178.33 million, a price-to-earnings ratio of 9.85 and a beta of -0.37.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were paid a dividend of $1.3035 per share. The ex-dividend date was Monday, December 22nd. This represents a yield of 502.0%.

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.