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

KFA Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) shares rose 0.4% during trading on Thursday . The stock traded as high as $29.65 and last traded at $29.64. Approximately 53,268 shares were traded during trading, a decline of 54% from the average daily volume of 116,886 shares. The stock had previously closed at $29.51.

KFA Mount Lucas Managed Futures Index Strategy ETF Price Performance

The company’s 50 day moving average price is $29.46 and its 200 day moving average price is $29.60. The firm has a market capitalization of $270.82 million, a P/E ratio of 11.56 and a beta of -0.14.

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

An institutional investor recently raised its position in KFA Mount Lucas Managed Futures Index Strategy ETF stock. Nvwm LLC boosted its stake 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 and Exchange Commission. The fund owned 16,305 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

About KFA 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.