KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Stock Price Up 0.7% – What’s Next?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares rose 0.7% during mid-day trading on Thursday . The stock traded as high as $27.59 and last traded at $27.59. Approximately 173,328 shares changed hands during trading, a decline of 21% from the average session volume of 219,099 shares. The stock had previously closed at $27.40.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

The firm has a market cap of $264.86 million, a PE ratio of 9.85 and a beta of -0.37. The stock’s fifty day moving average price is $28.75 and its 200-day moving average price is $27.61.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. grew its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 11.4% during the 2nd quarter. Raymond James Financial Inc. now owns 187,951 shares of the company’s stock valued at $4,957,000 after acquiring an additional 19,272 shares in the last quarter. WFA of San Diego LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth approximately $415,000. EverSource Wealth Advisors LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth approximately $105,000. Blueprint Investment Partners LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth approximately $544,000. Finally, Blueprint Financial Advisors LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at approximately $544,000.

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.