Short Interest in KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Expands By 107.3%

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 371,206 shares, a growth of 107.3% from the April 15th total of 179,032 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 390,237 shares, the short-interest ratio is presently 1.0 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Abbington Investment Group grew its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 26.2% in the 4th 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 in the last quarter. Blueprint Financial Advisors LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $544,000. Blueprint Investment Partners LLC bought a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $544,000. Manning & Napier Advisors LLC grew its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 497.6% in the 4th quarter. Manning & Napier Advisors LLC now owns 77,226 shares of the company’s stock valued at $2,006,000 after buying an additional 64,304 shares in the last quarter. Finally, Nvwm LLC grew its position in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 146.2% in the 4th quarter. Nvwm LLC now owns 58,951 shares of the company’s stock valued at $1,530,000 after buying an additional 35,008 shares in the last quarter.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Trading Up 0.7%

KMLM traded up $0.21 on Friday, reaching $29.84. The company had a trading volume of 282,238 shares, compared to its average volume of 206,625. The company has a fifty day moving average of $28.45 and a 200-day moving average of $27.22. The company has a market capitalization of $286.46 million, a P/E ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a one year low of $25.28 and a one year high of $30.17.

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.