KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sees Strong Trading Volume – Here’s What Happened

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw an uptick in trading volume on Thursday. Approximately 2,042,259 shares were traded during mid-day trading, an increase of 622% from the average daily volume of 282,813 shares. The stock last traded at $29.05 and had previously closed at $29.22.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 0.4%

The firm has a market capitalization of $578.36 million, a PE ratio of 9.85 and a beta of -0.39. The business’s 50-day moving average price is $30.71 and its 200-day moving average price is $28.82.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMLM. Money Concepts Capital Corp purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter valued at $50,253,000. Abbington Investment Group increased its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 10.5% in the third quarter. Abbington Investment Group now owns 279,147 shares of the company’s stock worth $8,679,000 after acquiring an additional 26,423 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 64.7% during the second quarter. Envestnet Asset Management Inc. now owns 270,164 shares of the company’s stock worth $7,435,000 after acquiring an additional 106,093 shares in the last quarter. Compass Financial Management LLC raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1,571.4% during the third quarter. Compass Financial Management LLC now owns 164,636 shares of the company’s stock worth $5,119,000 after acquiring an additional 154,786 shares in the last quarter. Finally, Manning & Napier Advisors LLC raised its holdings 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 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.