KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sees Significant Decrease in Short Interest

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 13,524 shares, a drop of 29.0% from the December 15th total of 19,061 shares. Based on an average trading volume of 82,521 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 82,521 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Wealth Partners LLC increased its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.3% in the fourth quarter. ORG Wealth Partners LLC now owns 30,714 shares of the company’s stock worth $797,000 after buying an additional 391 shares during the last quarter. FMA Wealth Management LLC grew its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 2.3% during the 4th quarter. FMA Wealth Management LLC now owns 22,954 shares of the company’s stock worth $596,000 after acquiring an additional 525 shares during the period. Advisory Services Network LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth about $148,000. Kitching Partners LLC raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 4.3% in the 3rd quarter. Kitching Partners LLC now owns 43,432 shares of the company’s stock valued at $1,170,000 after acquiring an additional 1,784 shares during the period. Finally, Raymond James Financial Inc. raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% in the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock valued at $5,746,000 after acquiring an additional 25,414 shares during the period.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 0.7%

KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded down $0.18 during midday trading on Friday, reaching $26.40. The stock had a trading volume of 47,576 shares, compared to its average volume of 97,471. The company has a fifty day moving average price of $26.49 and a two-hundred day moving average price of $26.67. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 12 month low of $25.28 and a 12 month high of $27.89. The company has a market capitalization of $174.24 million, a P/E ratio of 9.85 and a beta of -0.37.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were given a $1.3035 dividend. This represents a yield of 502.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.