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) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 64,500 shares, an increase of 578.9% from the August 31st total of 9,500 shares. Based on an average daily trading volume, of 59,300 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 59,300 shares, the days-to-cover ratio is currently 1.1 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 60.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,040 shares of the company’s stock valued at $54,000 after buying an additional 767 shares during the last quarter. PFG Investments LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter worth $275,000. Integrity Alliance LLC. bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter worth $372,000. WFA of San Diego LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF during the second quarter worth $415,000. Finally, PFG Advisors lifted its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 123.4% during the second quarter. PFG Advisors now owns 20,778 shares of the company’s stock worth $548,000 after purchasing an additional 11,476 shares during the last quarter.

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

KraneShares Mount Lucas Managed Futures Index Strategy ETF stock opened at $26.65 on Friday. The stock has a market cap of $186.55 million, a P/E ratio of 9.85 and a beta of -0.35. The stock has a 50 day moving average of $26.74 and a 200-day moving average of $26.59. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 52 week low of $25.28 and a 52 week high of $28.65.

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.