KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Reaches New 1-Year High – What’s Next?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as $31.28 and last traded at $31.1360, with a volume of 194805 shares traded. The stock had previously closed at $30.99.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 0.5%

The company has a market capitalization of $548.08 million, a PE ratio of 9.85 and a beta of -0.36. The company has a 50-day moving average price of $29.78 and a two-hundred day moving average price of $28.92.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter valued at about $235,000. Worth Asset Management LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the first quarter valued at approximately $273,000. Compass Financial Management LLC bought a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter valued at approximately $277,000. Signet Private Wealth LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter valued at approximately $258,000. Finally, Invested Advisors bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter worth approximately $356,000.

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.