DRGN Themes China Generative Artificial Intelligence ETF
ETF 31.38 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.
- 52-Week Range
- $30.06 – $40.93
- YTD
- -6.80%
- IV Rank (30D)
- 0.0
- Straddle Price
- $3.15
- P/C Vol Ratio
- 0.07
- Open
- $31.32
- Day Range
- $31.25 – $31.45
- Volume
- 3,555
- Prev Close
- $30.42
Themes China Generative Artificial Intelligence ETF (DRGN) ETF
No description available.
- Exchange
- BATS
- Inception
- 2025-07-14
- Has Options
- Yes
- Expense ratio
- 0.39% prospectus, filed Jan 27, 2026
- Assets
- $27M SEC filing, Jun 30, 2026
- Trailing yield
- 1.26% paid annual
- Average daily volume
- $238K 30 sessions
- Holdings
- 24 top 10 are 62.3%
- Listed
- Jul 14, 2025 Cboe BZX
- Last fee change
- -6 bp filed Jun 30, 2025
Moves with. Emerging markets over US (22% of its variance, beta 0.81); US large-cap stocks (21% of its variance, beta 1.00). These factors explain 44% of its daily moves over the last year.
Stated objective. The Themes China Generative Artificial Intelligence ETF (the Fund) is an exchange traded fund (ETF) that seeks to track the performance, before fees and expenses, of an index composed of Chinese companies which derive significant revenue from generative artificial intelligence-related activities. (from the fund's prospectus)
All 24 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
- Jun 2026
- +$731K latest reported month
- Latest 3 months
- −$552K −2.0% of assets
- Latest 12 months
- +$25M +94.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$731K |
| May 2026 | $0 |
| Apr 2026 | −$1.3M |
| Mar 2026 | $0 |
| Feb 2026 | −$3.2M |
| Jan 2026 | +$6.6M |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | +$7.1M |
| Sep 2025 | +$9.7M |
| Aug 2025 | +$5.1M |
| Jul 2025 | +$500K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 12 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| KSTRKraneShares China Technology & Semiconductor STAR 50 Index ETF | 29% | 0.89% | $362M | +5.1% | compare |
| SMHCVanEck China Semiconductor ETF | 24% | 0.65% | $6.8M | — | compare |
| TCHIiShares MSCI China Multisector Tech ETF | 12% | 0.59% | $41M | −19.8% | compare |
| KTECKraneShares Hang Seng TECH Index ETF | 11% | 0.69% | $47M | −38.4% | compare |
| KBAKraneShares Bosera MSCI China A 50 Connect Index ETF | 10% | 0.56% | $117M | +2.7% | compare |
Ranked by how much of the two portfolios is the same securities.
- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SenseTime Group Inc | — | 4.06% | — |
| Decrease | Hygon Information Technology C | 6.09% | 8.13% | −22.5% |
| Decrease | Montage Technology Co Ltd | 5.81% | 7.78% | −44.6% |
| Decrease | Cambricon Technologies Corp Lt | 5.95% | 7.43% | −21.3% |
| Increase | RoboSense Technology Co Ltd | 4.38% | 3.10% | +15.8% |
| Decrease | BIDUBaidu Inc | 6.64% | 5.69% | −13.0% |
| Decrease | Yuanjie Semiconductor Technolo | 6.41% | 7.21% | −38.7% |
| Decrease | Foxconn Industrial Internet Co | 6.64% | 5.86% | −35.6% |
| Increase | Phancy Group Co Ltd | 3.29% | 2.60% | +21.2% |
| Increase | 360 Security Technology Inc | 5.06% | 4.46% | +11.0% |
1 new, 0 exited, 3 increased and 6 decreased between the fund's two latest holdings reports; turnover 11.1%. Full holdings and history
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-18 | 2025-12-19 | $0.3962 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Hygon Information Technology C | 6.93% | Equity (common) | CN |
| BIDU | Baidu Inc | 6.79% | Equity (common) | CN |
| — | Foxconn Industrial Internet Co | 6.72% | Equity (common) | CN |
| — | Cambricon Technologies Corp Lt | 6.64% | Equity (common) | CN |
| — | Kuaishou Technology | 6.05% | Equity (common) | CN |
| — | Xiaomi Corp | 6.02% | Equity (common) | CN |
| — | Yuanjie Semiconductor Technolo | 5.39% | Equity (common) | CN |
| — | Iflytek Co Ltd | 4.98% | Equity (common) | CN |
| — | Kingsoft Corp Ltd | 4.97% | Equity (common) | CN |
| — | DAHUA INC | 4.87% | Equity (common) | CN |
| — | Montage Technology Co Ltd | 4.81% | Equity (common) | CN |
| — | IEIT Systems Co Ltd | 4.80% | Equity (common) | CN |
| — | 360 Security Technology Inc | 4.53% | Equity (common) | CN |
| — | TRS | 4.47% | Equity (common) | CN |
| — | Kingsoft Cloud Holdings Ltd | 4.24% | Equity (common) | CN |
| — | RoboSense Technology Co Ltd | 4.01% | Equity (common) | CN |
| — | Arcsoft Corp Ltd | 3.84% | Equity (common) | CN |
| — | Beijing Fourth Paradigm Techno | 3.57% | Equity (common) | CN |
| — | Bairong Inc | 1.15% | Equity (common) | CN |
| — | Yidu Tech Inc | 1.14% | Equity (common) | CN |
| TUYA | Tuya Inc | 0.99% | Equity (common) | CN |
| — | AInnovation Technology Group C | 0.70% | Equity (common) | CN |
| — | ECARX Holdings Inc | 0.57% | Equity (common) | CN |
| — | First American Treasury Obliga | 0.11% | Short-term investment | US |
| — | WiMi Hologram Cloud Inc | 0.04% | Equity (common) | CN |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 7.69% | 7.69% |
| Feb | -- | -4.12% | -4.12% |
| Mar | -- | -9.01% | -9.01% |
| Apr | -- | 16.24% | 16.24% |
| May | -- | 2.46% | 2.46% |
| Jun | -- | 3.20% | 3.20% |
| Jul | 3.96% | -4.77% | -0.40% |
| Aug | 26.64% | -2.05% | 12.29% |
| Sep | 14.07% | -7.06% | 3.51% |
| Oct | -8.03% | -1.81%* | -4.92% |
| Nov | -6.80% | -- | -6.80% |
| Dec | -1.45% | -- | -1.45% |
| Total | 26.86% | -1.70% | 12.58% |
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
Executive Summary Overall assessment: BEARISH with confidence level (6/10) Key drivers and primary risks: * Technical indicators suggest a bearish trend, with MACD indicating a bearish momentum. * Recent trading range has been characterized by high volatility, which may lead to increased risk. * No recent news headlines available to influence sentiment.
Investment thesis: The stock is likely to experience further downside pressure due to its high beta and increasing volatility. Short-term traders may consider short positions or hedging strategies.
Recent news sentiment impact: Lack of recent news headlines means there are no significant market-moving events that could alter the technical picture.
Technical Analysis Trend Direction: * Short-term (1-4 weeks): Bearish * Medium-term (1-3 months): Range-bound * Long-term (3-12 months): Uptrend
Support/Resistance Levels: Key price levels from moving averages and technical patterns:
* SMA 20: $35.86 (resistance)
* SMA 50: $36.30 (resistance)
* Upper Bollinger Band: $37.82 (resistance)
Momentum Signals: * RSI interpretation: Neutral (37.66), indicating no clear overbought or oversold conditions. * MACD signal: Bearish, with a negative histogram (-0.10) and signal line (-0.19). * Bollinger Bands position: Squeeze, indicating potential volatility increase.
Volume Analysis: * Volume SMA 20: 10265.98 (decreasing) * On-Balance Volume (OBV): -271674.48 (bearish) * Volume Rate of Change: 5.54% (increasing)
News & Sentiment Analysis Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral, as there are no significant market-moving events to influence sentiment.
Catalyst Identification: None
Market Narrative: The lack of recent news headlines means the technical picture is driving market movements.
Risk & Volatility Assessment Beta Interpretation: High risk (beta 1.44) relative to SPY.
Volatility Regime: Current volatility is higher than historical levels.
Options Market Signals: * IV Rank: Low (20.7%), indicating historically low implied volatility. * Current IV: 49.4% (increasing) * Expected Move: $2.85 (29 DTE), 7-DTE: $1.80 * Volume Flow: 0 calls vs 13 puts (bearish sentiment) * Open Interest: 0 calls vs 13 puts (bearish sentiment)
Downside Protection: Support levels and risk management considerations:
* SMA 20: $35.86 (resistance)
* Lower Bollinger Band: $33.91 (support)
Market Context & Positioning Sector Performance: No sector-specific data available.
Institutional Activity: High institutional interest, as evidenced by the increasing volume flow and open interest in put options.
Correlation Analysis: The stock has a high correlation with SPY (0.50), indicating that it may be more susceptible to market fluctuations.
Relative Valuation: Position within trading range:
* Current price: $34.09
* SMA 20: $35.86 (resistance)
* Lower Bollinger Band: $33.91 (support)
Key Levels & Action Items Critical Price Levels: * Support: $33.91 (Lower Bollinger Band), $32.00 (previous support) * Resistance: $37.82 (Upper Bollinger Band), $38.50 (previous resistance)
Breakout/Breakdown Levels:
* Breakout above SMA 20: Bullish signal
* Breakdown below Lower Bollinger Band: Bearish signal
Time-Sensitive Catalysts: None
Risk Management: Stop-loss levels and position sizing considerations:
* Short-term traders may consider stop-loss orders around $35.50 (SMA 50) or $33.00 (previous support).
* Medium-term traders may consider risk management strategies, such as hedging or adjusting their positions.
Note that this report is based on the provided data and does not constitute personalized investment advice.
DRGN Options Activity & IV Rank
DRGN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Options Flow
ATM Options Pricing
Chain Summary
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.
Estimated net dealer gamma is at the 2nd percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
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.
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
High volatility - stock moves more than market
DRGN Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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 |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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.
- 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.
- 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.
- 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.
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