KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)Systematic Trend | Exchange Traded Fund | NYSEArca
28.58 USD
+0.48
(1.708%)
⇧
(April 21, 2026, 4 p.m.
EDT)
After hours: 28.29 -0.29 (-0.290%) ⇩ (April 21, 2026, 6 p.m. EDT) Short-term: ★★★☆☆ | Long-term: ★★★★☆ | Dividends: ★★★☆☆ |
Hot Take | April 19, 2026, 12:30 a.m. EDT
KMLM is a compelling 'catch-22' for yield seekers: it offers a tantalizing 4.64% yield that appears inflated by a one-time, front-heavy distribution in late 2025, rather than a sustainable cash-flow mechanism. While the long-term fundamentals (historically 3-year track record, crisis resilience) are solid, the share price is currently stuck in a trap at technical resistance (~$28.50) where the asset acts more like a provenance store for past performance than a growing engine. The lack of recent price appreciation and the 'token' nature of the IV options activity suggest the market is indifferent to future direction, waiting for the underlying futures strategies to re-align with trends before participation resumes. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.030535 |
| AutoETS | 0.032353 |
| AutoARIMA | 0.032354 |
| AutoTheta | 0.035960 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 41% |
| H-stat | 49.23 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.165 |
| Excess Kurtosis | -1.34 |
| Attribute | Value |
|---|---|
| Trailing P/E | 10.67 |
As of April 19, 2026, 12:30 a.m. EDT: Options activity is scant and indicates a market with low liquidity. Call Open Interest is heavily front-loaded in near-term expirations (April '26), indicating some hedging or time-bound positioning around current levels, while July and October OTM calls show minimal positioning. Crucially, there is a complete absence of Put Open Interest, suggesting no speculative congestion or hedging demand from a downside blow-off perspective. The low Open Interest counts imply that options flow is not currently driving the short-term momentum, which is instead driven by the underlying managed futures strategy performance and term premium adjustments.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 5.01% | 5.01% | 1.96% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-22 | 1.303 | 5.013467 |
| 2024-12-17 | 0.230 | 0.860202 |
| 2022-12-28 | 2.481 | 8.515633 |
| 2021-12-29 | 1.838 | 7.805694 |
| Attribute | Value |
|---|---|
| All Time High | 40.46 |
| All Time Low | 25.01 |
| Ask | 28.6 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 343,440 |
| Average Daily Volume3 Month | 217,811 |
| Average Volume | 217,811 |
| Average Volume10Days | 343,440 |
| Beta3 Year | -0.44 |
| Bid | 28.39 |
| Bid Size | 200 |
| Category | Systematic Trend |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 28.58 |
| Day Low | 28.1201 |
| Dividend Yield | 4.64 |
| Eps Trailing Twelve Months | 2.6778529 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 27.55922 |
| Fifty Day Average Change | 1.0207806 |
| Fifty Day Average Change Percent | 0.03703953 |
| Fifty Two Week Change Percent | 7.12924 |
| Fifty Two Week High | 28.729 |
| Fifty Two Week High Change | -0.14900017 |
| Fifty Two Week High Change Percent | -0.0051864027 |
| Fifty Two Week Low | 25.28 |
| Fifty Two Week Low Change | 3.2999992 |
| Fifty Two Week Low Change Percent | 0.13053794 |
| Fifty Two Week Range | 25.28 - 28.729 |
| First Trade Date Milliseconds | 1,606,919,400,000 |
| Five Year Average Return | 0.050826002 |
| Full Exchange Name | NYSEArca |
| Fund Family | KraneShares |
| Fund Inception Date | 1,606,780,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund seeks to achieve its goal by investing in commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges that are the same as or similar to those included in the index. It may also invest directly and indirectly in certain debt instruments. The index measures the performance of a portfolio of commodity, currency, and global fixed income futures contracts traded on U.S. and foreign exchanges using a trend following methodology. It is non-diversified. |
| Long Name | KraneShares Mount Lucas Managed Futures Index Strategy ETF |
| Market | us_market |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_690990532 |
| Nav Price | 28.12 |
| Net Assets | 272,524,768.0 |
| Net Expense Ratio | 0.9 |
| Open | 28.13 |
| Phone | 1-855-857-2638 |
| Post Market Change | -0.289999 |
| Post Market Change Percent | -1.0146921 |
| Post Market Price | 28.29 |
| Post Market Time | 1,776,808,801 |
| Previous Close | 28.1 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.48 |
| Regular Market Change Percent | 1.70818 |
| Regular Market Day High | 28.58 |
| Regular Market Day Low | 28.1201 |
| Regular Market Day Range | 28.1201 - 28.58 |
| Regular Market Open | 28.13 |
| Regular Market Previous Close | 28.1 |
| Regular Market Price | 28.58 |
| Regular Market Time | 1,776,801,600 |
| Regular Market Volume | 102,594 |
| Short Name | KraneShares Mount Lucas Managed |
| Source Interval | 15 |
| Symbol | KMLM |
| Three Year Average Return | -0.0058575 |
| Total Assets | 272,524,768 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 10.6727295 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 8.07692 |
| Trailing Three Month Returns | 8.07692 |
| Triggerable | 1 |
| Two Hundred Day Average | 26.885256 |
| Two Hundred Day Average Change | 1.6947441 |
| Two Hundred Day Average Change Percent | 0.06303619 |
| Type Disp | ETF |
| Volume | 102,594 |
| Yield | 0.0464 |
| Ytd Return | 8.07692 |