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

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 354,674 shares, a growth of 278.3% from the June 15th total of 93,757 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 225,692 shares, the days-to-cover ratio is currently 1.6 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 2.1%

Shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded up $0.59 on Monday, hitting $28.69. The company’s stock had a trading volume of 273,997 shares, compared to its average volume of 218,812. The company has a market capitalization of $325.63 million, a P/E ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52-week low of $25.77 and a 52-week high of $30.17. The firm has a fifty day moving average price of $28.51 and a 200-day moving average price of $27.67.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Ted Buchan & Co grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 7.8% in the fourth quarter. Ted Buchan & Co now owns 278,854 shares of the company’s stock valued at $7,236,000 after purchasing an additional 20,262 shares during the last quarter. Raymond James Financial Inc. lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% in the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock valued at $5,746,000 after buying an additional 25,414 shares in the last quarter. Abbington Investment Group grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% during the 4th quarter. Abbington Investment Group now owns 190,466 shares of the company’s stock valued at $4,943,000 after buying an additional 39,582 shares during the last quarter. Manning & Napier Advisors LLC grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the 1st quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after buying an additional 82,745 shares during the last quarter. Finally, Longview Financial Advisors Inc. increased its position 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 buying an additional 7,592 shares in the last quarter.

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.