KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Stock Falls 0.2% – Here’s Why

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) fell 0.2% on Thursday. The company traded as low as $30.47 and last traded at $30.79. 167,394 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 270,249 shares. The stock had previously closed at $30.85.

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

The firm has a market cap of $593.85 million, a P/E ratio of 9.85 and a beta of -0.36. The firm has a fifty day moving average of $30.67 and a 200-day moving average of $28.74.

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

A number of institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC boosted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1,571.4% during the 3rd quarter. Compass Financial Management LLC now owns 164,636 shares of the company’s stock worth $5,119,000 after acquiring an additional 154,786 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 64.7% during the second quarter. Envestnet Asset Management Inc. now owns 270,164 shares of the company’s stock valued at $7,435,000 after purchasing an additional 106,093 shares during the period. Manning & Napier Advisors LLC grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the first quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after purchasing an additional 82,745 shares during the period. Ascentis Independent Advisors bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at approximately $976,000. Finally, Tactive Advisors LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at approximately $1,000,000.

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.