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

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 24,323 shares, a decline of 79.7% from the July 30th total of 119,752 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 371,063 shares, the days-to-cover ratio is presently 0.1 days.

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

Large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth approximately $3,271,000. 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 last quarter. Ascentis Independent Advisors acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the first quarter valued at approximately $976,000. Ferguson Shapiro LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at approximately $859,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter valued at approximately $745,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

NYSEARCA:KMLM traded up $0.28 during mid-day trading on Thursday, reaching $29.40. The stock had a trading volume of 247,227 shares, compared to its average volume of 243,006. The stock has a market cap of $421.89 million, a P/E ratio of 9.85 and a beta of -0.36. The business’s 50 day moving average is $28.59 and its 200 day moving average is $28.32. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a fifty-two week low of $25.77 and a fifty-two week 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.