KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Short Interest Update

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 558,697 shares, a growth of 155.6% from the August 31st total of 218,619 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average trading volume of 543,240 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

Several hedge funds have recently bought and sold shares of KMLM. NewEdge Advisors LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth approximately $235,000. Worth Asset Management LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 1st quarter valued at $273,000. Compass Financial Management LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter worth $277,000. Signet Private Wealth LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 4th quarter worth $258,000. Finally, Invested Advisors purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter worth $356,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

Shares of NYSEARCA:KMLM traded down $0.17 on Friday, hitting $30.90. The company’s stock had a trading volume of 302,078 shares, compared to its average volume of 266,077. The company has a market capitalization of $543.84 million, a PE ratio of 9.85 and a beta of -0.36. The company has a 50-day simple moving average of $29.72 and a 200 day simple moving average of $28.87. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1 year low of $25.77 and a 1 year high of $31.28.

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.