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) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 130,521 shares, a decline of 63.2% from the June 30th total of 354,674 shares. Based on an average trading volume of 188,556 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.1% of the company’s shares are sold short.

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

KraneShares Mount Lucas Managed Futures Index Strategy ETF stock opened at $29.23 on Wednesday. The firm has a market cap of $377.07 million, a P/E ratio of 9.85 and a beta of -0.36. 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 moving average of $28.41 and a 200-day moving average of $27.94.

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

Large investors have recently made changes to their positions in the business. Simplex Trading LLC purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter worth $148,000. Signet Private Wealth LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter valued at $258,000. Worth Asset Management LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at $273,000. Finally, Signal Advisors Wealth LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at $368,000.

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.