Zacks Investment ResearchT3·30mo ago
CTA Simplify Managed Futures Strategy ETF
ETF 30.77 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CTA
$30.77
—
Key stats
$30.77
After hours
$30.77
+0.00%
- 52-Week Range
- $25.39 – $32.76
- YTD
- +13.29%
- IV Rank (30D)
- 38.24
- Straddle Price
- $3.05
- P/C Vol Ratio
- 24.40
- Open
- $30.25
- Day Range
- $30.25 – $30.89
- Volume
- 324,629
- Prev Close
- $30.04
About
Simplify Managed Futures Strategy ETF (CTA) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2022-03-07
- Has Options
- Yes
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
- Expense ratio
- 0.75% prospectus, filed Oct 31, 2025
- Assets
- $1.5B SEC filing, Jun 30, 2026
- Trailing yield
- 5.06% paid monthly
- Average daily volume
- $20M 30 sessions
- Holdings
- 118 top 10 are 97.0%
- Listed
- Mar 7, 2022 NYSE Arca
- Last fee change
- -1 bp filed Oct 28, 2025
Cost72
Liquidity77
Scale80
Diversification0
Moves with. US large-cap stocks (12% of its variance, beta -0.72); Long Treasuries (6% of its variance, beta -0.41). These factors explain 25% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. Investment Objective: Simplify Managed Futures Strategy ETF (the Fund or CTA) seeks long term capital appreciation. (from the fund's prospectus)
All 118 holdingsFlow historyOverlap toolAll Managed Futures ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$98M latest reported month
- Latest 3 months
- +$232M +15.5% of assets
- Latest 12 months
- +$525M +35.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$98M |
| May 2026 | +$49M |
| Apr 2026 | +$84M |
| Mar 2026 | +$140M |
| Feb 2026 | +$28M |
| Jan 2026 | +$17M |
| Dec 2025 | +$36M |
| Nov 2025 | −$6.0M |
| Oct 2025 | +$2.8M |
| Sep 2025 | +$27M |
| Aug 2025 | +$21M |
| Jul 2025 | +$29M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 54 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| DBMFiMGP DBi Managed Futures Strategy ETF | — | 0.85% | $3.9B | +14.2% | compare |
| FFUTFidelity Managed Futures ETF | — | 0.80% | $407M | +18.4% | compare |
| IMFInvesco Managed Futures Strategy ETF | — | 0.65% | $301M | +17.4% | compare |
| KMLMKraneShares Mount Lucas Managed Futures Index Strategy ETF | — | 0.90% | $298M | +13.2% | compare |
| FMFFirst Trust Managed Futures Strategy Fund | — | 0.98% | $292M | +5.2% | compare |
The largest other funds in the Managed Futures category.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SBILSIMPLIFY EXCHANGE TRADED FUNDS | — | 79.03% | — |
1 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 159.8%. Full holdings and history
Under the hood
fiscal year to Jun 30, 2026SEC census- Authorized participants
- 6 active of 16 with agreements; top 3 did 93%
- Created · redeemed
- $796M · $258M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-06-30
Holdings
118
AUM
$1.5B
Provider
Nport
Inception
2022-03-07
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.75%
Dividend Yield
5.06%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-25 | 2026-09-30 | $0.1300 | CD |
| 2026-08-26 | 2026-08-31 | $0.1300 | CD |
| 2026-07-28 | 2026-07-31 | $0.1300 | CD |
| 2026-06-25 | 2026-06-30 | $0.1300 | CD |
| 2026-05-26 | 2026-05-29 | $0.1500 | CD |
| 2026-04-27 | 2026-04-30 | $0.1500 | CD |
Asset Allocation
Top Holdings
top 50 of 118 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| SBIL | SIMPLIFY EXCHANGE TRADED FUNDS | 79.03% | Equity (common) | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 3.60% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 3.33% | Debt | US |
| — | DREYFUS TRSY OBLIG CASH M | 2.81% | Short-term investment | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.67% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.66% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 2.13% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.33% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 1.04% | Debt | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 0.89% | Debt | US |
| — | MONTREAL EXCHANGE INC. | 0.35% | Derivative (interest rate) | CA |
| — | CHICAGO MERCANTILE EXCHANGE | 0.30% | Derivative (commodity) | US |
| — | ICE FUTURES U.S. | 0.25% | Derivative (commodity) | US |
| — | ICE FUTURES EUROPE | 0.21% | Derivative (interest rate) | GB |
| — | ICE FUTURES U.S. | 0.09% | Derivative (commodity) | US |
| — | CHICAGO MERCANTILE EXCHANGE | 0.09% | Derivative (commodity) | US |
| — | CHICAGO MERCANTILE EXCHANGE | 0.07% | Derivative (interest rate) | US |
| — | UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT | 0.07% | Debt | US |
| — | EURONEXT PARIS SA | 0.06% | Derivative (commodity) | FR |
| — | NEW YORK MERCANTILE EXCHANGE | 0.05% | Derivative (commodity) | US |
| — | ICE FUTURES U.S. | 0.04% | Derivative (commodity) | US |
| — | NEW YORK MERCANTILE EXCHANGE | 0.03% | Derivative (commodity) | US |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.03% | Derivative (commodity) | US |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.03% | Derivative (interest rate) | US |
| — | ICE FUTURES EUROPE | 0.03% | Derivative (commodity) | GB |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.03% | Derivative (commodity) | US |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.02% | Derivative (commodity) | US |
| — | CHICAGO MERCANTILE EXCHANGE | 0.02% | Derivative (interest rate) | US |
| — | CHICAGO MERCANTILE EXCHANGE | 0.02% | Derivative (commodity) | US |
| — | NEW YORK MERCANTILE EXCHANGE | 0.02% | Derivative (commodity) | US |
| — | EURONEXT PARIS SA | 0.01% | Derivative (commodity) | FR |
| — | NEW YORK MERCANTILE EXCHANGE | 0.01% | Derivative (commodity) | US |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.01% | Derivative (commodity) | US |
| — | ICE FUTURES EUROPE | 0.01% | Derivative (commodity) | GB |
| — | NEW YORK MERCANTILE EXCHANGE | 0.01% | Derivative (commodity) | US |
| — | MONTREAL EXCHANGE INC. | 0.01% | Derivative (interest rate) | CA |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.01% | Derivative (interest rate) | US |
| — | ICE FUTURES U.S. | 0.01% | Derivative (commodity) | US |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.00% | Derivative (commodity) | US |
| — | ICE FUTURES EUROPE | 0.00% | Derivative (commodity) | GB |
| — | ICE FUTURES EUROPE | 0.00% | Derivative (interest rate) | GB |
| — | CHICAGO MERCANTILE EXCHANGE | 0.00% | Derivative (commodity) | US |
| — | MONTREAL EXCHANGE INC. | 0.00% | Derivative (interest rate) | CA |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.00% | Derivative (commodity) | US |
| — | EURONEXT PARIS SA | 0.00% | Derivative (commodity) | FR |
| — | ICE FUTURES EUROPE | 0.00% | Derivative (interest rate) | GB |
| — | BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | 0.00% | Derivative (commodity) | US |
| — | ICE FUTURES EUROPE | 0.00% | Derivative (commodity) | GB |
| — | ICE FUTURES EUROPE | 0.00% | Derivative (commodity) | GB |
| — | ICE FUTURES EUROPE | 0.00% | Derivative (interest rate) | GB |
Non-Equity Breakdown
Simplify Managed Futures Strategy ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-24)
Net assets:
$1.49B
· 118 total positions
· equity 79.03%
· non-equity 18.81%
Non-equity holdings
— 117 positions,
18.81% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 17.71% | $264.3M | 9 |
| Short-term investment | 2.81% | $41.9M | 1 |
| Derivative (interest rate) | -0.49% | $-7291235 | 30 |
| Derivative (commodity) | -1.22% | $-18255499 | 77 |
Chart
Seasonality
| Month | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | -4.75% | -0.59% | 1.86% | 3.28% | -0.05% |
| Feb | -- | 10.86% | 6.74% | -0.07% | 9.45% | 6.75% |
| Mar | -4.78% | -14.59% | 0.48% | 2.60% | -0.26% | -3.31% |
| Apr | 8.48% | 6.97% | 8.09% | -5.74% | 9.77% | 5.51% |
| May | 0.68% | 1.91% | 0.11% | -2.20% | -9.86% | -1.87% |
| Jun | 3.82% | 0.31% | -1.25% | -1.51% | -12.31% | -2.19% |
| Jul | 2.52% | 0.51% | -4.44% | 2.65% | 5.30% | 1.31% |
| Aug | 3.80% | -1.17% | 0.62% | 5.24% | 7.78% | 3.25% |
| Sep | -1.01% | 7.49% | -1.25% | -1.13% | -0.83% | 0.65% |
| Oct | 2.20% | -4.17% | 3.68% | -2.05% | 5.23%* | 0.98% |
| Nov | -5.98% | -3.57% | 3.27% | 0.11% | -- | -1.54% |
| Dec | -3.20% | -7.45% | 1.27% | 0.22% | -- | -2.29% |
| Total | 5.79% | -9.94% | 17.30% | -0.47% | 15.86% | 5.71% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- 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.
Momentum Oscillators
- 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.
Volume & Volatility
- 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
SMA 20: $29.47
SMA 50: $29.12
SMA 200: $28.93
Current: $30.77
EMA 12: $29.91
EMA 26: $29.57
MACD: 0.3395 | Signal: 0.0840
BULLISH
ADX (14): 9.57
RANGE
+DI: 27.31
−DI: 19.29
Momentum Oscillators
RSI (14): 63.84
NEUTRAL
Stoch %K: 85.64
Stoch %D: 82.62
Williams %R: -4.52
Volume & Volatility
BB Upper: $30.66
BB Lower: $28.27
OVERBOUGHT
OBV: 3,798,040
Vol SMA 20: 599,683
Vol ROC: -38.77%
ATR: $0.73
True Range: $0.85
HV 20: 20.1%
HV 30: 22.9%
HV 60: 28.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-25T00:00:00 – 2026-10-23T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary Overall assessment: NEUTRAL with confidence level (5/10) Key drivers: Technical indicators, options metrics, market data Primary risks: Volatility, earnings uncertainty Investment thesis: CTA's recent price action is influenced by its beta and volatility levels. The stock's trend is range-bound, with no clear direction. Recent news sentiment impact: Neutral headlines have not significantly impacted the stock's price.
Technical Analysis Trend Direction:
- Short-term (1-4 weeks): Range-bound
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Upper: $28.41 (Bollinger Bands)
- Middle: $26.91 (SMA 20)
- Lower: $25.41 (Bollinger Bands)
Momentum Signals: RSI interpretation: Neutral (49.32%) MACD signal: Bearish (-0.06 / Signal: 0.07) Bollinger Bands position: Neutral (touching middle band)
Volume Analysis:
- Volume SMA 20: 454511.75
- On-Balance Volume (OBV): 1599271.64
News & Sentiment Analysis Recent Headlines Summary: Neutral headlines focused on ETFs, market trends, and central bank actions.
Sentiment Assessment: Neutral
Catalyst Identification: No significant earnings announcements or regulatory changes expected in the near term.
Market Narrative: Technical signals are mixed, with a range-bound trend and no clear direction. News sentiment is neutral, not significantly impacting the stock's price.
Risk & Volatility Assessment Beta Interpretation: CTA has a negative beta (-0.30), indicating it moves opposite to the market.
Volatility Regime: Current volatility level (0.22) is relatively low compared to historical levels.
Options Market Signals:
- IV Rank: 54.8% (Medium)
- Put/Call Volume Ratio: 0.48 (Bullish sentiment)
Downside Protection: Support levels and risk management considerations are key, given the stock's negative beta and volatility level.
Market Context & Positioning Sector Performance: CTA is outperforming its sector, with a relative strength index of 52.3%.
Institutional Activity: Institutional interest is moderate, as seen in the volume flow and open interest metrics.
Correlation Analysis: CTA has a negative correlation (-0.18) with the market, indicating it tends to move opposite to the broader market.
Relative Valuation: The stock is positioned within its trading range, with no clear direction or breakout signal.
Key Levels & Action Items Critical Price Levels:
- Support: $26.91 (SMA 20)
- Resistance: $28.41 (Bollinger Bands)
Breakout/Breakdown Levels:
- Uptrend trigger: Above $29.00
- Downtrend trigger: Below $24.50
Time-Sensitive Catalysts: No significant earnings announcements or regulatory changes expected in the near term.
Risk Management: Monitor support levels and consider stop-loss levels based on volatility and trend signals.
This analysis provides a comprehensive view of CTA's technical, options, and market data. The stock's recent price action is influenced by its beta and volatility levels, with no clear direction or breakout signal.
Generated
News
All CTA news →
Zacks Investment ResearchT3·30mo ago
BenzingaT3·35mo ago
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CTA Options Activity & IV Rank
CTA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 37.7%
7-DTE IV: —
Expected Move: $3.05
7-DTE Move: $3.05
Days to Exp: 28 (2026-11-20)
Options Flow
Call Volume: 5
Put Volume: 122
P/C Volume: 24.4
BEARISH
Call OI: 140
Put OI: 162
P/C OI: 1.157
Total OI: 302
ATM Options Pricing
ATM Call: $1.40
ATM Put: $1.65
Call %: 4.5%
Put %: 5.4%
Chain Summary
Chain Volume: 385
Chain OI: 1,549
Last Updated: 10/23/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
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.
Stage 2 — Skew Adjustment (±25% cap)
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.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- 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.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 41st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
41%
vs own history
GEX tilt
-0.17
OI-weighted, today
Vanna tilt
+0.98
δ-sensitivity to IV
Charm tilt
-0.98
δ-decay vs time
Vanna tilt +0.98: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
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.
Risk Reversal
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.
Reading them together
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.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 36.3% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
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.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)38.2MediumOct 23
Straddle Price (30 DTE)$3.05Oct 23
Beta Analysis
Risk Metrics
Beta: -0.6189
Alpha: 20.85%
Correlation: -0.3205
R-Squared: 10.3%
Stock Volatility: 24.6%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
CTA 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.
1 filers$295.72K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $295.72K | 100.00% | 2026-06-30 |
2 filers$1.23M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.02M | 83.12% | 2026-06-30 |
| 2 | Belvedere Trading LLC | $207.52K | 16.88% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
1.18M
SI % of Float
—
Days to Cover
2.02
Short Vol Ratio
42.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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