KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sees Strong Trading Volume – Still a Buy?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw an uptick in trading volume on Thursday. 2,042,259 shares changed hands during trading, an increase of 622% from the average daily volume of 282,813 shares. The stock last traded at $29.05 and had previously closed at $29.22.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 0.4%

The firm has a fifty day moving average of $30.71 and a 200 day moving average of $28.79. The company has a market capitalization of $564.44 million, a P/E ratio of 9.85 and a beta of -0.36.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of large investors have recently made changes to their positions in the stock. Abbington Investment Group raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 10.5% during the third quarter. Abbington Investment Group now owns 279,147 shares of the company’s stock valued at $8,679,000 after purchasing an additional 26,423 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 64.7% during the second quarter. Envestnet Asset Management Inc. now owns 270,164 shares of the company’s stock valued at $7,435,000 after purchasing an additional 106,093 shares during the period. Compass Financial Management LLC lifted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1,571.4% during the third quarter. Compass Financial Management LLC now owns 164,636 shares of the company’s stock valued at $5,119,000 after purchasing an additional 154,786 shares during the period. Manning & Napier Advisors LLC boosted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% in the first quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock worth $4,524,000 after purchasing an additional 82,745 shares during the last quarter. Finally, Latitude Advisors LLC boosted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.4% in the third quarter. Latitude Advisors LLC now owns 79,946 shares of the company’s stock worth $2,486,000 after purchasing an additional 1,119 shares during the last quarter.

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.