KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Short Interest Down 79.7% in August

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 24,323 shares, a decline of 79.7% from the July 30th total of 119,752 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 371,063 shares, the days-to-cover ratio is currently 0.1 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.8%

Shares of KMLM traded up $0.24 during mid-day trading on Friday, hitting $29.64. 353,676 shares of the company’s stock were exchanged, compared to its average volume of 243,676. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a fifty-two week low of $25.77 and a fifty-two week high of $30.17. The firm has a market capitalization of $425.33 million, a P/E ratio of 9.85 and a beta of -0.36. The business’s 50 day moving average is $28.66 and its two-hundred day moving average is $28.34.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of hedge funds have recently added to or reduced their stakes in KMLM. Jane Street Group LLC purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter valued at approximately $3,271,000. Manning & Napier Advisors LLC raised its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the first quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock worth $4,524,000 after purchasing an additional 82,745 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the first quarter worth $976,000. Ferguson Shapiro LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter valued at $859,000. Finally, Ameritas Advisory Services LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at $745,000.

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.