KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Short Interest Down 79.7% in August

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 24,323 shares, a decline of 79.7% from the July 30th total of 119,752 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 371,063 shares, the days-to-cover ratio is presently 0.1 days.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded up $0.33 during midday trading on Wednesday, reaching $29.15. 103,637 shares of the stock were exchanged, compared to its average volume of 242,380. The company’s fifty day moving average is $28.56 and its 200-day moving average is $28.29. The firm has a market cap of $418.30 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 $30.17.

Institutional Investors Weigh In On KraneShares Mount Lucas Managed Futures Index Strategy ETF

A number of large investors have recently added to or reduced their stakes in KMLM. Ameritas Advisory Services LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth approximately $745,000. Compass Financial Management LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter worth approximately $277,000. Invested Advisors purchased a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter valued at $356,000. Fermata Advisors LLC increased its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.1% during the second quarter. Fermata Advisors LLC now owns 30,837 shares of the company’s stock valued at $849,000 after buying an additional 1,495 shares during the period. Finally, Royal Bank of Canada boosted its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 119.8% during the 1st quarter. Royal Bank of Canada now owns 38,579 shares of the company’s stock valued at $1,088,000 after acquiring an additional 21,025 shares in the last quarter.

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.