KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Trading Up 1.1% – Here’s What Happened

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares rose 1.1% on Monday . The stock traded as high as $29.47 and last traded at $29.45. Approximately 247,538 shares were traded during trading, an increase of 1% from the average daily volume of 244,325 shares. The stock had previously closed at $29.14.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

The firm has a market capitalization of $421.32 million, a PE ratio of 9.85 and a beta of -0.36. The firm has a fifty day moving average price of $28.46 and a 200 day moving average price of $28.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter valued at $3,271,000. Manning & Napier Advisors LLC raised its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the first quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after buying an additional 82,745 shares during the period. Ascentis Independent Advisors purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter worth about $976,000. Ferguson Shapiro LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter worth about $859,000. Finally, Raymond James Financial Inc. boosted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% during the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock worth $5,746,000 after acquiring an additional 25,414 shares during the period.

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.