KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sees Significant Drop in Short Interest

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 93,757 shares, a decline of 47.5% from the May 31st total of 178,475 shares. Based on an average daily volume of 333,648 shares, the short-interest ratio is presently 0.3 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of KMLM. Royal Bank of Canada raised its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 119.8% during the first quarter. Royal Bank of Canada now owns 38,579 shares of the company’s stock worth $1,088,000 after acquiring an additional 21,025 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% in the 1st 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 in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter valued at $976,000. Latitude Advisors LLC grew its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% during the 1st quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock valued at $2,236,000 after purchasing an additional 529 shares during the last quarter. Finally, Ferguson Shapiro LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 1st quarter valued at $859,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.3%

KMLM opened at $27.35 on Tuesday. The stock has a market capitalization of $262.56 million, a P/E ratio of 9.85 and a beta of -0.37. The stock has a 50-day moving average price of $28.71 and a 200-day moving average price of $27.62. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 12-month low of $25.77 and a 12-month high of $30.17.

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.