KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Stock Price Up 0.4%

KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM)’s share price shot up 0.4% on Thursday . The stock traded as high as $29.65 and last traded at $29.64. 53,268 shares changed hands during trading, a decline of 54% from the average session volume of 116,886 shares. The stock had previously closed at $29.51.

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

The company’s fifty day moving average price is $29.46 and its two-hundred day moving average price is $29.60. The company has a market cap of $270.82 million, a price-to-earnings ratio of 11.56 and a beta of -0.14.

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

A hedge fund recently raised its stake in KFA Mount Lucas Managed Futures Index Strategy ETF stock. Nvwm LLC lifted its holdings in KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) by 339.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,305 shares of the company’s stock after buying an additional 12,593 shares during the quarter. Nvwm LLC owned about 0.19% of KFA Mount Lucas Managed Futures Index Strategy ETF worth $470,000 at the end of the most recent quarter.

KFA Mount Lucas Managed Futures Index Strategy ETF Company Profile

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.