KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) saw unusually-high trading volume on Wednesday. 849,678 shares changed hands during trading, an increase of 194% from the average daily volume of 288,690 shares. The stock last traded at $29.3550 and had previously closed at $28.95.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.2%
The firm’s fifty day moving average price is $30.64 and its 200-day moving average price is $28.87. The firm has a market cap of $598.19 million, a price-to-earnings ratio of 9.85 and a beta of -0.39.
Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Money Concepts Capital Corp acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $50,253,000. Compass Financial Management LLC increased 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 worth $5,119,000 after buying an additional 154,786 shares during the period. Envestnet Asset Management Inc. lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 64.7% in the second quarter. Envestnet Asset Management Inc. now owns 270,164 shares of the company’s stock valued at $7,435,000 after buying an additional 106,093 shares during the last quarter. Altiora Financial Group LLC lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 214.1% in the third quarter. Altiora Financial Group LLC now owns 75,300 shares of the company’s stock valued at $2,341,000 after buying an additional 51,325 shares during the last quarter. Finally, Tactive Advisors LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at approximately $1,000,000.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Company Profile
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.
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