Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Rises By 180.3%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 260,682 shares, a growth of 180.3% from the January 15th total of 93,015 shares. Based on an average daily trading volume, of 128,764 shares, the short-interest ratio is currently 2.0 days. Approximately 3.9% of the company’s shares are sold short. Approximately 3.9% of the company’s shares are sold short. Based on an average daily trading volume, of 128,764 shares, the short-interest ratio is currently 2.0 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 1.1%

KMLM stock traded down $0.29 during midday trading on Thursday, hitting $26.51. The stock had a trading volume of 30,371 shares, compared to its average volume of 120,011. The business has a fifty day moving average price of $26.46 and a two-hundred day moving average price of $26.64. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1-year low of $25.28 and a 1-year high of $27.54. The firm has a market cap of $174.97 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 firm also recently declared an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a dividend of $1.3035 per share. This represents a dividend yield of 502.0%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 21.4% during the fourth quarter. Bank of Montreal Can now owns 66,880 shares of the company’s stock worth $1,736,000 after buying an additional 11,787 shares in the last quarter. Andina Capital Management LLC increased its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.8% during the fourth quarter. Andina Capital Management LLC now owns 35,840 shares of the company’s stock worth $930,000 after buying an additional 1,957 shares during the last quarter. Signet Private Wealth LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter worth about $258,000. Simplex Trading LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the fourth quarter valued at about $26,000. Finally, Ted Buchan & Co grew its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 7.8% during the 4th quarter. Ted Buchan & Co now owns 278,854 shares of the company’s stock valued at $7,236,000 after acquiring an additional 20,262 shares during the period.

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.