KMLM - KraneShares Mount Lucas Managed Futures Index Strategy ETF
The KMLM fund strives for overall capital appreciation by strategically employing both long and short positions, informed by daily trading signals, across futures contracts in commodities, currencies, and global fixed income. For tax efficiency, KMLM accesses futures markets through a wholly-owned subsidiary situated in the Cayman Islands, rather than holding the contracts directly. Annually, an index committee selects 22 distinct futures contracts from these three broad asset categories.
As of Jun 30, 2026: spot at $27.52, ATM IV 32.5%, max pain $29.00, net GEX $621.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $186.9M
- Beta
- -0.29
- 52-Week Range
- 25.77-30.17
- Dividend Yield
- $1.30
- IPO Date
- Dec 2, 2020
- Exchange
- AMEX
What KMLM Looks Like to Options Traders Today
IV rank of 21.4% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($621) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.183) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The KMLM overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked KMLM overview questions
- What is KMLM?
- KMLM is the ticker symbol for KraneShares Mount Lucas Managed Futures Index Strategy ETF, an listed exchange-traded fund. The KMLM fund strives for overall capital appreciation by strategically employing both long and short positions, informed by daily trading signals, across futures contracts in commodities, currencies, and global fixed income. For tax efficiency, KMLM accesses futures markets through a wholly-owned subsidiary situated in the Cayman Islands, rather than holding the contracts directly. Listed on AMEX. KMLM is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the KMLM options snapshot look like today?
- As of Jun 30, 2026, the KMLM options snapshot shows spot at $27.52, ATM IV 32.5%, IV rank 21.4%, max pain $29.00, net GEX $621, expected move 9.32%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are KMLM's key statistics?
- KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM) carries a market capitalization of $186.9M, 52-week range of 25.77-30.17. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does KMLM belong to?
- KraneShares Mount Lucas Managed Futures Index Strategy ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare KMLM's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the KMLM data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.