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 recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 354,674 shares, an increase of 278.3% from the June 15th total of 93,757 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily volume of 225,692 shares, the short-interest ratio is presently 1.6 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Manning & Napier Advisors LLC raised its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 497.6% during the 4th quarter. Manning & Napier Advisors LLC now owns 77,226 shares of the company’s stock worth $2,006,000 after buying an additional 64,304 shares in the last quarter. Abbington Investment Group boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% in the fourth quarter. Abbington Investment Group now owns 190,466 shares of the company’s stock valued at $4,943,000 after buying an additional 39,582 shares in the last quarter. Ferguson Shapiro LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at approximately $859,000. Nvwm LLC grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% during the fourth quarter. Nvwm LLC now owns 58,951 shares of the company’s stock worth $1,530,000 after acquiring an additional 35,008 shares during the period. Finally, Ascentis Independent Advisors acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the first quarter worth $976,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded up $0.59 during midday trading on Monday, hitting $28.69. 273,997 shares of the company’s stock were exchanged, compared to its average volume of 218,812. The stock has a market cap of $325.63 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 12-month low of $25.77 and a 12-month high of $30.17. The firm’s 50 day simple moving average is $28.51 and its 200 day simple moving average is $27.67.

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.