KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Shares Shorted: Short Interest Up 155.6% in September

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 558,697 shares, an increase of 155.6% from the August 31st total of 218,619 shares. Based on an average daily trading volume, of 543,240 shares, the short-interest ratio is currently 1.0 days. Approximately 3.2% of the shares of the company are sold short.

Hedge Funds Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in shares of 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 worth $7,435,000 after purchasing an additional 106,093 shares in the last quarter. Ted Buchan & Co raised 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 purchasing an additional 20,262 shares during the period. Manning & Napier Advisors LLC lifted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% during the 1st quarter. Manning & Napier Advisors LLC now owns 159,971 shares of the company’s stock valued at $4,524,000 after buying an additional 82,745 shares in the last quarter. Longview Financial Advisors Inc. lifted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% during the 1st quarter. Longview Financial Advisors Inc. now owns 134,613 shares of the company’s stock valued at $3,796,000 after buying an additional 7,592 shares in the last quarter. Finally, Latitude Advisors LLC boosted its holdings in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% in the 1st quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock worth $2,236,000 after buying an additional 529 shares during the period.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

Shares of NYSEARCA:KMLM traded up $0.08 during mid-day trading on Monday, reaching $30.98. 251,485 shares of the company traded hands, compared to its average volume of 265,998. The company’s 50 day moving average price is $29.72 and its 200-day moving average price is $28.88. The firm has a market cap of $545.25 million, a PE ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52 week low of $25.77 and a 52 week high of $31.28.

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.