KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Share Price Cross Below Two Hundred Day Moving Average – Should You Sell?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $28.83 and traded as low as $28.66. KraneShares Mount Lucas Managed Futures Index Strategy ETF shares last traded at $28.82, with a volume of 714,961 shares changing hands.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 1.1%

The stock has a 50-day simple moving average of $30.65 and a 200-day simple moving average of $28.86. The company has a market cap of $586.66 million, a price-to-earnings ratio of 9.85 and a beta of -0.34.

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

Several institutional investors have recently bought and sold shares of the stock. Latitude Advisors LLC increased its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.4% during the 3rd quarter. Latitude Advisors LLC now owns 79,946 shares of the company’s stock valued at $2,486,000 after buying an additional 1,119 shares during the period. Fermata Advisors LLC lifted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.1% in the 2nd quarter. Fermata Advisors LLC now owns 30,837 shares of the company’s stock worth $849,000 after acquiring an additional 1,495 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at approximately $52,000. Nvwm LLC boosted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.0% in the third quarter. Nvwm LLC now owns 43,275 shares of the company’s stock valued at $1,345,000 after acquiring an additional 2,080 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 8.4% in the third quarter. SteelPeak Wealth LLC now owns 36,417 shares of the company’s stock valued at $1,132,000 after acquiring an additional 2,836 shares in the last quarter.

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.