KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Hits New 52-Week High – Here’s Why

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares hit a new 52-week high during trading on Wednesday. The stock traded as high as $31.28 and last traded at $31.1360, with a volume of 194805 shares trading hands. The stock had previously closed at $30.99.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Price Performance

The company has a fifty day moving average price of $29.78 and a 200 day moving average price of $28.92. The stock has a market cap of $548.08 million, a P/E ratio of 9.85 and a beta of -0.36.

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

A number of hedge funds have recently bought and sold shares of KMLM. Ferguson Shapiro LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 1st quarter valued at $859,000. Manning & Napier Advisors LLC lifted its position 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 during the last quarter. Royal Bank of Canada boosted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 119.8% during the first quarter. Royal Bank of Canada now owns 38,579 shares of the company’s stock worth $1,088,000 after purchasing an additional 21,025 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter valued at approximately $745,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 1st quarter valued at approximately $976,000.

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.