KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM – Get Free Report) hit a new 52-week high on Wednesday. The stock traded as high as $31.28 and last traded at $31.1360, with a volume of 194805 shares changing hands. The stock had previously closed at $30.99.
KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.2%
The business has a 50-day moving average of $29.84 and a 200 day moving average of $28.97. The firm has a market capitalization of $549.97 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
Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter valued at $235,000. Worth Asset Management LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 1st quarter worth about $273,000. Compass Financial Management LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at about $277,000. Signet Private Wealth LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 4th quarter valued at about $258,000. Finally, Invested Advisors bought a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 2nd quarter worth approximately $356,000.
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.
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