KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Short Interest Down 17.9% in April

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 179,032 shares, a decrease of 17.9% from the March 31st total of 217,977 shares. Based on an average daily volume of 237,646 shares, the short-interest ratio is currently 0.8 days. Approximately 1.7% of the company’s stock are short sold.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Down 1.0%

Shares of KMLM traded down $0.30 during trading on Thursday, reaching $29.64. The company’s stock had a trading volume of 229,593 shares, compared to its average volume of 208,277. The company has a fifty day moving average of $27.93 and a two-hundred day moving average of $27.05. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.28 and a twelve month high of $29.96. The company has a market cap of $284.54 million, a price-to-earnings ratio of 9.85 and a beta of -0.39.

Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of institutional investors have recently made changes to their positions in the business. ORG Wealth Partners LLC raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.3% in the 4th quarter. ORG Wealth Partners LLC now owns 30,714 shares of the company’s stock valued at $797,000 after purchasing an additional 391 shares in the last quarter. FMA Wealth Management LLC raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 2.3% in the 4th quarter. FMA Wealth Management LLC now owns 22,954 shares of the company’s stock valued at $596,000 after purchasing an additional 525 shares in the last quarter. Latitude Advisors LLC raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% in 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 in the last quarter. Andina Capital Management LLC raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 2.6% in the 3rd quarter. Andina Capital Management LLC now owns 33,883 shares of the company’s stock valued at $912,000 after purchasing an additional 846 shares in the last quarter. Finally, Illumine Investment Management LLC raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.8% in the 3rd quarter. Illumine Investment Management LLC now owns 109,852 shares of the company’s stock valued at $2,958,000 after purchasing an additional 911 shares in the last quarter.

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.