APRB Aptus April Buffer ETF
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Aptus April Buffer ETF (APRB) ETF
No description available.
- Exchange
- BATS
- Inception
- 2025-10-13
- Has Options
- No
- Expense ratio
- 0.25% prospectus, filed Jan 23, 2026
- Assets
- $25M SEC filing, Jul 31, 2026
- Trailing yield
- —
- Average daily volume
- $77K 30 sessions
- Holdings
- 5 top 10 are 108.6%
- Listed
- Oct 13, 2025 Cboe BZX
- Reference asset
- SPY period ends Mar 30, 2027 (159 days)
- Cap, full period
- 16.6% before fees
- Buffer, full period
- 15.0% first losses absorbed
- Reference since start
- +22.3% $773.09 on Oct 21, 2026
- Upside left to the cap
- 0.0% for a buyer today
- Drop before the buffer starts
- 18.3% unprotected from here
Moves with. US large-cap stocks (78% of its variance, beta 0.35); High yield over Treasuries (4% of its variance, beta 0.16); Bitcoin (4% of its variance, beta 0.01). These factors explain 85% of its daily moves over the last year.
Stated objective. The Aptus April Buffer ETF (the Fund) seeks to provide investors with returns that match the share price performance of the SPDR S&P 500 ETF Trust (the Underlying ETF) up to a predetermined upside Cap, as defined below, before fees and expenses, while providing a Buffer, as defined below, against a predetermined percentage, before fees and expenses, of Underlying ETF losses over a twelve-month Investment Period, as defined in the table below. (from the fund's prospectus)
- Jul 2026
- +$1.9M latest reported month
- Latest 3 months
- +$1.9M +7.7% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$1.9M |
| Jun 2026 | $0 |
| May 2026 | $0 |
| Apr 2026 | +$1.8M |
| Mar 2026 | +$2.8M |
| Feb 2026 | +$513K |
| Jan 2026 | +$2.3M |
| Dec 2025 | +$2.0M |
| Nov 2025 | +$5.3M |
| Oct 2025 | +$6.6M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 10 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BUFRFT Vest Laddered Buffer ETF | — | 0.95% | $10.9B | +12.7% | compare |
| BALTInnovator Defined Wealth Shield ETF | — | 0.69% | $3.2B | +6.7% | compare |
| BUFDFT Vest Laddered Deep Buffer ETF | — | 0.95% | $2.2B | +10.4% | compare |
| BUFQFT Vest Laddered Nasdaq Buffer ETF | — | 1.00% | $1.7B | +14.8% | compare |
| FJANFT Vest U.S. Equity Buffer ETF - January | — | 0.85% | $1.5B | +13.4% | compare |
The largest other funds in the Buffer category.
- Authorized participants
- 2 active of 2 with agreements; top 3 did 100%
- Created · redeemed
- $22M · $249K over the fiscal year
- Redemptions in kind
- 106% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | N/A | 106.99% | Derivative (equity) | US |
| — | N/A | 1.66% | Derivative (equity) | US |
| — | First American Treasury Obliga | 0.28% | Short-term investment | US |
| — | N/A | -0.75% | Derivative (equity) | US |
| — | N/A | -8.18% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.72% | $24.6M | 4 |
| Short-term investment | 0.28% | $69602 | 1 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 0.94% | 0.94% |
| Feb | -- | -0.45% | -0.45% |
| Mar | -- | -2.31% | -2.31% |
| Apr | -- | 3.90% | 3.90% |
| May | -- | 1.50% | 1.50% |
| Jun | -- | 0.15% | 0.15% |
| Jul | -- | 0.67% | 0.67% |
| Aug | -- | 0.94% | 0.94% |
| Sep | -- | 0.59% | 0.59% |
| Oct | 1.35% | 0.38%* | 0.86% |
| Nov | 0.42% | -- | 0.42% |
| Dec | 0.84% | -- | 0.84% |
| Total | 2.63% | 6.38% | 4.50% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: APRB
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10)
Key Drivers: The stock's recent price action has been driven by a bullish MACD crossover, indicating potential momentum. However, the RSI reading of 68.51 suggests that the stock may be overbought in the short term.
Primary Risks: The lack of recent news and earnings information could lead to increased volatility and uncertainty.
Investment Thesis: APRB has been trending upward since its recent low, but caution is advised due to the overbought RSI reading. A pullback or consolidation period may be necessary before further upside momentum can be sustained.
Recent News Sentiment Impact: No recent news available; therefore, no impact assessment is possible.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bullish
- Medium-term (1-3 months): Neutral
- Long-term (3-12 months): Bullish
Support/Resistance Levels:
- Upper Bollinger Band: $27.48
- Middle Line: $27.36
- Lower Bollinger Band: $27.24
- SMA 20: $27.36
- SMA 50: $27.13
Momentum Signals:
- MACD signal line crossover: Bullish
- RSI interpretation: Overbought (68.51)
- Bollinger Bands position: Neutral
Volume Analysis: The volume indicators suggest a neutral to bearish bias, with declining OBV and volume rate of change.
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Unable to assess sentiment due to lack of recent news.
Catalyst Identification: No upcoming events or catalysts identified.
Market Narrative: The stock's price action has been driven by technical factors, with no recent market-moving news or earnings releases.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta 0.38), as the stock moves less than the broader market.
Volatility Regime: Low volatility regime, with a historical volatility reading of 2.1% over the past 20 days.
Options Market Signals: No options data available for analysis.
Downside Protection: The Bollinger Bands and SMA 200 provide some support in case of a pullback.
Market Context & Positioning
Sector Performance: Unable to assess sector performance due to lack of recent news.
Institutional Activity: No institutional activity signals or volume patterns suggesting interest are available.
Correlation Analysis: The stock's correlation with the market is high (0.91), indicating that it tends to move in line with broader market trends.
Relative Valuation: APRB appears relatively inexpensive compared to its historical trading range, but caution is advised due to the lack of recent news and earnings information.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $27.24
- SMA 20: $27.36
Breakout/Breakdown Levels: The upper Bollinger Band ($27.48) and SMA 50 ($27.13) serve as potential breakout levels.
Time-Sensitive Catalysts: No upcoming events or catalysts identified.
Risk Management: Consider implementing a stop-loss order near the Lower Bollinger Band to limit potential losses in case of a pullback.
By analyzing the technical indicators, news sentiment, and risk metrics, this report aims to provide a comprehensive overview of APRB's current market position. While the stock has been trending upward, caution is advised due to the overbought RSI reading and lack of recent news. A pullback or consolidation period may be necessary before further upside momentum can be sustained.
APRB Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
APRB Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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