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 growth in short interest in the month of August. As of August 31st, there was short interest totaling 218,619 shares, a growth of 798.8% from the August 15th total of 24,323 shares. Based on an average trading volume of 238,557 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.5% of the shares of the company are sold short.

Hedge Funds 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 the stock. Latitude Advisors LLC raised its position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 0.7% in the first quarter. Latitude Advisors LLC now owns 79,276 shares of the company’s stock valued at $2,236,000 after purchasing an additional 529 shares during the period. Simplex Trading LLC bought a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 4th quarter worth about $26,000. Fermata Advisors LLC grew its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.1% in the 2nd 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 last quarter. Andina Capital Management LLC grew its stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.8% in the 4th quarter. Andina Capital Management LLC now owns 35,840 shares of the company’s stock valued at $930,000 after buying an additional 1,957 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter valued at about $148,000.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Up 2.1%

Shares of KMLM stock traded up $0.64 during trading on Thursday, reaching $31.11. 556,926 shares of the company’s stock were exchanged, compared to its average volume of 257,498. The stock has a market capitalization of $446.43 million, a PE ratio of 9.85 and a beta of -0.36. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a twelve month low of $25.77 and a twelve month high of $31.11. The firm’s fifty day moving average price is $29.14 and its 200-day moving average price is $28.58.

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.