KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Shares Up 0.3% – Still a Buy?

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares shot up 0.3% during trading on Monday . The company traded as high as $26.76 and last traded at $26.75. 38,592 shares were traded during mid-day trading, a decline of 66% from the average session volume of 113,303 shares. The stock had previously closed at $26.68.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Performance

The stock’s 50-day moving average is $26.39 and its 200 day moving average is $26.65. The firm has a market cap of $187.25 million, a P/E ratio of 9.85 and a beta of -0.35.

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

Large investors have recently added to or reduced their stakes in the company. 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 worth $54,000 after buying an additional 767 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 1.8% during the 2nd quarter. Bank of Montreal Can now owns 54,971 shares of the company’s stock worth $1,450,000 after buying an additional 986 shares during the last quarter. Wealthcare Capital Partners LLC boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 5.7% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 34,112 shares of the company’s stock worth $900,000 after buying an additional 1,854 shares during the last quarter. ORG Wealth Partners LLC boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 8.1% during the 2nd quarter. ORG Wealth Partners LLC now owns 30,334 shares of the company’s stock worth $801,000 after buying an additional 2,270 shares during the last quarter. Finally, Kitching Partners LLC boosted its stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 8.1% during the 2nd quarter. Kitching Partners LLC now owns 41,648 shares of the company’s stock worth $1,098,000 after buying an additional 3,103 shares during 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.