Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Increases By 107.3%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw a large growth in short interest during the month of 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. Currently, 3.9% of the company’s stock are sold short. Based on an average daily trading volume, of 390,237 shares, the short-interest ratio is presently 1.0 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

Shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded up $0.21 during midday trading on Friday, hitting $29.84. The company had a trading volume of 282,238 shares, compared to its average volume of 206,625. The stock has a market capitalization of $286.46 million, a P/E ratio of 9.85 and a beta of -0.36. The company has a 50 day moving average of $28.45 and a 200 day moving average of $27.22. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52-week low of $25.28 and a 52-week high of $30.17.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Manning & Napier Advisors LLC grew its stake in shares of 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 worth $4,524,000 after buying an additional 82,745 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 1st quarter valued at $976,000. Latitude Advisors LLC boosted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% during the 1st quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock valued at $2,236,000 after purchasing an additional 529 shares during the last quarter. Ferguson Shapiro LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 1st quarter valued at $859,000. Finally, Longview Financial Advisors Inc. boosted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% during the 1st quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock valued at $3,796,000 after purchasing an additional 7,592 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.