Monitoring KMLM open interest helps you see where real money is positioned on KraneShares Mount Lucas Managed Futures Index Strategy ETF's options and which strikes are attracting the most commitment from traders. KraneShares Mount Lucas Managed Futures Index Strategy ETF's open interest reflects the total number of outstanding contracts that have not been closed or exercised, making it a powerful gauge of liquidity, conviction, and potential support and resistance zones. Use our scanner to monitor KMLM options open interest in real time and find the strikes that matter.
Open interest is distinct from volume: volume counts how many contracts are traded in a session, while open interest counts how many remain open at the end of the day. Rising KMLM options open interest alongside rising volume suggests new positions are being built, while falling open interest signals positions are being closed. Heavy open interest at specific strikes often acts as a magnet near expiration and can hint at where dealers and large traders expect KraneShares Mount Lucas Managed Futures Index Strategy ETF to settle.
KMLM focuses on total return using long and short positions, as determined by daily trading signals, in commodity, currency, and global fixed income futures. For tax purposes, KMLM does not hold futures but gets exposure through a wholly-owned Cayman Island subsidiary. On an annual basis, an index committee selects 22 different futures contracts from the three broad categories. Weighting to the three categories is based on historical volatility. The contracts within each category are equally weighted. The portfolio is rebalanced monthly and contracts are rolled on a market-by-market basis as contracts near their expiration.
The fund may also invest in instruments not included in the index such as equities or derivatives including swaps, forwards, structured notes, and options. Before April 1, 2022, the fund was actively managed. It traded as KFA Mount Lucas Index Strategy ETF until November 10, 2022. On August 1, 2024, KFA was replaced with KraneShares in the fund name.
Pin risk into expiration, dealer positioning, liquidity checks for large orders — all of it starts with knowing where KMLM open interest is concentrated. Our scanner maps KraneShares Mount Lucas Managed Futures Index Strategy ETF's open interest across every strike and expiry, flags unusual buildups, and lets you drill into the contracts that institutional money is actually holding. Trade KraneShares Mount Lucas Managed Futures Index Strategy ETF's options open interest as the signal it is, not as an afterthought.
