Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Rises By 798.8%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 218,619 shares, an increase of 798.8% from the August 15th total of 24,323 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 238,557 shares, the short-interest ratio is currently 0.9 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Down 1.5%

KMLM traded down $0.46 during trading on Friday, reaching $30.66. 223,742 shares of the company’s stock were exchanged, compared to its average volume of 257,192. The company has a market capitalization of $439.90 million, a P/E ratio of 9.85 and a beta of -0.36. The business has a 50 day moving average price of $29.14 and a 200 day moving average price of $28.58. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a fifty-two week low of $25.77 and a fifty-two week high of $31.11.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter valued at approximately $3,271,000. Manning & Napier Advisors LLC raised its position 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 acquiring an additional 82,745 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the first quarter valued at $976,000. Ferguson Shapiro LLC acquired a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the first quarter valued at $859,000. Finally, Ameritas Advisory Services LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the second quarter valued at about $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.