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) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 218,619 shares, a growth of 798.8% from the August 15th total of 24,323 shares. Based on an average daily volume of 238,557 shares, the short-interest ratio is presently 0.9 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

Several large investors have recently added to or reduced their stakes in KMLM. Latitude Advisors LLC increased its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% during the first quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock worth $2,236,000 after buying an additional 529 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter worth approximately $26,000. Fermata Advisors LLC grew its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.1% during 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 last quarter. Andina Capital Management LLC grew its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.8% during the 4th quarter. Andina Capital Management LLC now owns 35,840 shares of the company’s stock worth $930,000 after acquiring an additional 1,957 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter valued at $148,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

Shares of KMLM traded down $0.10 during trading hours on Friday, hitting $31.01. The stock had a trading volume of 431,555 shares, compared to its average volume of 258,499. The company’s fifty day moving average is $29.22 and its two-hundred day moving average is $28.60. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52 week low of $25.77 and a 52 week high of $31.11. The stock has a market capitalization of $444.99 million, a price-to-earnings ratio of 9.85 and a beta of -0.36.

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.