Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Drops By 63.2%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 130,521 shares, a decline of 63.2% from the June 30th total of 354,674 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily volume of 188,556 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 11.4% during the 2nd quarter. Raymond James Financial Inc. now owns 187,951 shares of the company’s stock valued at $4,957,000 after acquiring an additional 19,272 shares during the period. WFA of San Diego LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter valued at approximately $415,000. Advisory Services Network LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter worth $148,000. ORG Wealth Partners LLC increased its stake in 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 worth $797,000 after acquiring an additional 391 shares during the last quarter. Finally, Nvwm LLC increased its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% in the fourth quarter. Nvwm LLC now owns 58,951 shares of the company’s stock worth $1,530,000 after purchasing an additional 35,008 shares during the last quarter.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

KMLM stock opened at $29.62 on Monday. The stock’s 50 day moving average is $28.44 and its 200-day moving average is $27.90. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.77 and a twelve month high of $30.17. The firm has a market capitalization of $382.10 million, a PE 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.