Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Declines By 47.5%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 93,757 shares, a decline of 47.5% from the May 31st total of 178,475 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 333,648 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of large investors have recently added to or reduced their stakes in the company. Ted Buchan & Co lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 7.8% in 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 last quarter. Raymond James Financial Inc. increased its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% during the third quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock worth $5,746,000 after buying an additional 25,414 shares during the last quarter. Abbington Investment Group raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% in the fourth quarter. Abbington Investment Group now owns 190,466 shares of the company’s stock valued at $4,943,000 after buying an additional 39,582 shares during the period. Manning & Napier Advisors LLC raised its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 107.1% in the first 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 period. Finally, Longview Financial Advisors Inc. lifted its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 6.0% in the first 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 during the last quarter.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Down 0.4%

Shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded down $0.11 on Thursday, reaching $27.43. 99,490 shares of the company were exchanged, compared to its average volume of 218,956. The company has a market capitalization of $297.62 million, a price-to-earnings ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a one year low of $25.77 and a one year high of $30.17. The company has a 50-day moving average of $28.69 and a 200 day moving average of $27.63.

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.