KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $31.24 and last traded at $31.2680, with a volume of 156658 shares trading hands. The stock had previously closed at $31.07.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance
The stock has a market cap of $543.84 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. The company’s 50 day moving average is $29.72 and its 200 day moving average is $28.87.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in KMLM. Latitude Advisors LLC boosted its stake 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 worth $2,236,000 after acquiring an additional 529 shares in the last quarter. Fermata Advisors LLC increased its stake in 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 valued at $849,000 after purchasing an additional 1,495 shares in the last quarter. Andina Capital Management LLC increased its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.8% in the 4th quarter. Andina Capital Management LLC now owns 35,840 shares of the company’s stock valued at $930,000 after purchasing an additional 1,957 shares in the last quarter. Longview Financial Advisors Inc. raised its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% during the first quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock worth $3,796,000 after purchasing an additional 7,592 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter worth $235,000.
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.
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