KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Short Interest Up 587.8% in January

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 93,015 shares, a growth of 587.8% from the December 31st total of 13,524 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 102,499 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 102,499 shares, the short-interest ratio is presently 0.9 days. Approximately 1.4% of the shares of the company are sold short.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

Shares of NYSEARCA KMLM traded up $0.10 during midday trading on Wednesday, reaching $26.69. 146,717 shares of the company traded hands, compared to its average volume of 108,456. The company has a market cap of $176.15 million, a price-to-earnings ratio of 9.85 and a beta of -0.37. The stock has a 50-day moving average price of $26.46 and a 200 day moving average price of $26.66. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52 week low of $25.28 and a 52 week high of $27.62.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Latitude Advisors LLC lifted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 10.5% in the fourth quarter. Latitude Advisors LLC now owns 78,747 shares of the company’s stock worth $2,043,000 after purchasing an additional 7,454 shares during the period. Abbington Investment Group grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% during the fourth quarter. Abbington Investment Group now owns 190,466 shares of the company’s stock worth $4,943,000 after acquiring an additional 39,582 shares during the period. Nvwm LLC raised its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% in 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 in the last quarter. ORG Wealth Partners LLC lifted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.3% in the 4th quarter. ORG Wealth Partners LLC now owns 30,714 shares of the company’s stock valued at $797,000 after acquiring an additional 391 shares during the last quarter. Finally, FMA Wealth Management LLC boosted its position 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 valued at $596,000 after purchasing an additional 525 shares in the last quarter.

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.