KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sees Large Growth in Short Interest

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 524,619 shares, an increase of 42.3% from the February 12th total of 368,655 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 110,923 shares, the days-to-cover ratio is currently 4.7 days. Based on an average daily trading volume, of 110,923 shares, the days-to-cover ratio is currently 4.7 days. Approximately 7.9% of the shares of the stock are short sold.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 0.6%

NYSEARCA:KMLM traded down $0.17 during trading hours on Friday, reaching $27.88. 205,319 shares of the company were exchanged, compared to its average volume of 166,294. The firm has a market cap of $184.01 million, a PE ratio of 9.85 and a beta of -0.37. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.28 and a twelve month high of $28.06. The stock’s 50-day moving average is $26.74 and its 200-day moving average is $26.73.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Dividend Announcement

The business 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. The ex-dividend date was Monday, December 22nd. This represents a yield of 502.0%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter worth approximately $105,000. Advisory Services Network LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth approximately $148,000. Wealthcare Capital Management LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth approximately $209,000. Finally, Signet Private Wealth LLC purchased a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 4th quarter valued at approximately $258,000.

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.