KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Trading Up 0.7% – Time to Buy?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares shot up 0.7% during mid-day trading on Thursday . The company traded as high as $27.59 and last traded at $27.59. 173,328 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 219,099 shares. The stock had previously closed at $27.40.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 1.2%

The firm has a market cap of $261.79 million, a P/E ratio of 9.85 and a beta of -0.37. The business has a 50 day moving average of $28.73 and a two-hundred day moving average of $27.61.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Manning & Napier Advisors LLC grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 497.6% in the fourth quarter. Manning & Napier Advisors LLC now owns 77,226 shares of the company’s stock valued at $2,006,000 after purchasing an additional 64,304 shares during the last quarter. Blueprint Financial Advisors LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at $544,000. Abbington Investment Group grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% in 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 in the last quarter. Blueprint Investment Partners LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth $544,000. Finally, Nvwm LLC lifted its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% during the fourth quarter. Nvwm LLC now owns 58,951 shares of the company’s stock worth $1,530,000 after buying an additional 35,008 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.