Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Rises By 122.9%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 143,800 shares, an increase of 122.9% from the September 15th total of 64,500 shares. Based on an average daily volume of 62,400 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 62,400 shares, the days-to-cover ratio is presently 2.3 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Down 0.6%

Shares of NYSEARCA:KMLM opened at $26.92 on Wednesday. The business has a 50 day moving average price of $26.90 and a 200 day moving average price of $26.57. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.28 and a twelve month high of $28.65. The company has a market cap of $183.06 million, a price-to-earnings ratio of 9.85 and a beta of -0.35.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of hedge funds have recently modified their holdings of KMLM. Flow Traders U.S. LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth approximately $3,713,000. PMV Capital Advisers LLC lifted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 442.4% in the 1st quarter. PMV Capital Advisers LLC now owns 96,016 shares of the company’s stock worth $2,619,000 after acquiring an additional 78,315 shares during the period. Tactive Advisors LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth approximately $815,000. Raymond James Financial Inc. lifted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 11.4% in the 2nd quarter. Raymond James Financial Inc. now owns 187,951 shares of the company’s stock worth $4,957,000 after acquiring an additional 19,272 shares during the period. Finally, WFA of San Diego LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth approximately $415,000.

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.