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 significant growth in short interest in April. As of April 30th, there was short interest totaling 371,206 shares, a growth of 107.3% from the April 15th total of 179,032 shares. Based on an average daily trading volume, of 390,237 shares, the days-to-cover ratio is currently 1.0 days. Currently, 3.9% of the company’s shares are sold short.

Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

Several institutional investors have recently modified their holdings of the business. Ted Buchan & Co boosted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 7.8% in the fourth quarter. Ted Buchan & Co now owns 278,854 shares of the company’s stock valued at $7,236,000 after purchasing an additional 20,262 shares during the period. Raymond James Financial Inc. increased its holdings 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 purchasing an additional 25,414 shares during the period. Abbington Investment Group raised its position 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 purchasing an additional 39,582 shares in the last quarter. Manning & Napier Advisors LLC raised its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% in the 1st quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after purchasing an additional 82,745 shares in the last quarter. Finally, Longview Financial Advisors Inc. boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% in the 1st quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock valued at $3,796,000 after buying an additional 7,592 shares during the period.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.7%

KMLM traded up $0.20 during mid-day trading on Monday, hitting $30.04. 111,084 shares of the stock were exchanged, compared to its average volume of 205,559. The company has a market cap of $288.38 million, a PE ratio of 9.85 and a beta of -0.36. The firm’s fifty day moving average is $28.45 and its two-hundred day moving average is $27.22. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1-year low of $25.28 and a 1-year high of $30.17.

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.