DUNK Dana Unconstrained Equity ETF
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Dana Unconstrained Equity ETF (DUNK) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2025-09-15
- Has Options
- No
- Expense ratio
- 0.75% prospectus, filed Aug 12, 2025
- Assets
- $173M SEC filing, Aug 31, 2026
- Trailing yield
- —
- Average daily volume
- $325K 30 sessions
- Holdings
- 26 top 10 are 69.0%
- Listed
- Sep 15, 2025 NYSE Arca
Moves with. US large-cap stocks (37% of its variance, beta 0.96); Value over growth (8% of its variance, beta -0.22); Bitcoin (5% of its variance, beta 0.06); Developed markets ex-US over US (4% of its variance, beta -0.32). These factors explain 53% of its daily moves over the last year.
Stated objective. The Dana Unconstrained Equity ETF (the Fund) seeks long-term growth of capital. (from the fund's prospectus)
All 26 holdingsFlow historySimilar fundsOverlap toolAll Multi-Strategy ETFs
- Aug 2026
- +$307K latest reported month
- Latest 3 months
- +$3.1M +1.8% of assets
- Latest 12 months
- +$91M +52.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Aug 2026 | +$307K |
| Jul 2026 | +$266K |
| Jun 2026 | +$2.5M |
| May 2026 | +$879K |
| Apr 2026 | $0 |
| Mar 2026 | +$2.4M |
| Feb 2026 | +$2.2M |
| Jan 2026 | +$3.8M |
| Dec 2025 | +$521K |
| Nov 2025 | +$8.9M |
| Oct 2025 | −$26M |
| Sep 2025 | +$95M |
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 | |
|---|---|---|---|---|---|
| USMCPrincipal Exchange-Traded Funds Principal U.S. Mega-Cap ETF | 43% | 0.12% | $4.8B | +5.4% | compare |
| CARKCastleArk Large Growth ETF | 42% | 0.54% | $311M | −1.9% | compare |
| TOPTiShares Top 20 U.S. Stocks ETF | 40% | 0.20% | $692M | +5.1% | compare |
| PGROPutnam Focused Large Cap Growth ETF | 39% | 0.49% | $192M | −4.3% | compare |
| SEMGSuncoast Select Growth ETF | 38% | 0.60% | $62M | +0.7% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- −5.6% 30% under, 51% over · 99% covered
- Price / earnings
- 44.3 11% loss-making · 99% covered
- Price / book · sales
- 10.3 · 8.0 revenue growth +16.2%
- Above 200-day average
- 60% 40% above 50-day · by weight
- Short interest
- 2.3% of float, weighted · 3.3 days to cover
- Insider buying
- 5% of weight had net insider buying, 90 days; 74% net selling
- 13F holders
- +1.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 6.0% 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 |
|---|---|---|---|---|
| Decrease | DDOGDatadog Inc | 11.03% | 4.77% | −40.1% |
| Decrease | GOOGLAlphabet Inc | 6.45% | 0.97% | −77.5% |
| Decrease | AMZNAmazon.com Inc | 9.36% | 4.25% | −37.1% |
| New position | JNJJohnson & Johnson | — | 4.88% | — |
| New position | ABBVAbbVie Inc | — | 3.85% | — |
| New position | ABNBAirbnb Inc | — | 2.97% | — |
| Decrease | METAMeta Platforms Inc | 4.00% | 1.46% | −46.6% |
| Decrease | NVDANVIDIA Corp | 8.51% | 5.98% | −10.6% |
| Increase | SHOPShopify Inc | 5.06% | 7.47% | +58.0% |
| Increase | DASHDoorDash Inc | 4.00% | 6.26% | +43.0% |
5 new, 1 exited, 12 increased and 7 decreased between the fund's two latest holdings reports; turnover 26.3%. Full holdings and history
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NOW | ServiceNow Inc | 10.63% | Equity (common) | US |
| SNOW | Snowflake Inc | 10.35% | Equity (common) | US |
| MSFT | Microsoft Corp | 9.03% | Equity (common) | US |
| SHOP | Shopify Inc | 7.47% | Equity (common) | CA |
| DASH | DoorDash Inc | 6.26% | Equity (common) | US |
| NVDA | NVIDIA Corp | 5.98% | Equity (common) | US |
| V | Visa Inc | 4.89% | Equity (common) | US |
| JNJ | Johnson & Johnson | 4.88% | Equity (common) | US |
| DDOG | Datadog Inc | 4.77% | Equity (common) | US |
| MA | Mastercard Inc | 4.76% | Equity (common) | US |
| UBER | Uber Technologies Inc | 4.55% | Equity (common) | US |
| LLY | Eli Lilly & Co | 4.30% | Equity (common) | US |
| AMZN | Amazon.com Inc | 4.25% | Equity (common) | US |
| ABBV | AbbVie Inc | 3.85% | Equity (common) | US |
| ABNB | Airbnb Inc | 2.97% | Equity (common) | US |
| AVGO | Broadcom Inc | 2.47% | Equity (common) | US |
| META | Meta Platforms Inc | 1.46% | Equity (common) | US |
| ADI | Analog Devices Inc | 1.33% | Equity (common) | US |
| — | Spotify Technology SA | 1.08% | Equity (common) | SE |
| AMD | Advanced Micro Devices Inc | 1.07% | Equity (common) | US |
| GOOGL | Alphabet Inc | 0.97% | Equity (common) | US |
| LRCX | Lam Research Corp | 0.96% | Equity (common) | US |
| EOG | EOG Resources Inc | 0.87% | Equity (common) | US |
| — | First American Government Obli | 0.41% | Short-term investment | US |
| VKTX | Viking Therapeutics Inc | 0.41% | Equity (common) | US |
| GE | General Electric Co | 0.04% | Equity (common) | US |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -4.35% | -4.35% |
| Feb | -- | -8.23% | -8.23% |
| Mar | -- | -5.56% | -5.56% |
| Apr | -- | 7.99% | 7.99% |
| May | -- | 16.43% | 16.43% |
| Jun | -- | -6.32% | -6.32% |
| Jul | -- | 3.50% | 3.50% |
| Aug | -- | 5.82% | 5.82% |
| Sep | 1.45% | 0.42% | 0.93% |
| Oct | 2.47% | -0.37% | 1.05% |
| Nov | -4.22% | 0.36%* | -1.93% |
| Dec | -1.06% | -- | -1.06% |
| Total | -1.49% | 7.38% | 2.95% |
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
Here is my comprehensive stock analysis report for DUNK:
Executive Summary
Overall assessment: BEARISH (confidence level: 6/10) Key drivers and primary risks: * Trend direction: Short-term neutral, Medium-term bearish * Support/resistance levels: SMA 20 ($26.14) and SMA 50 ($25.42) as key support * Momentum signals: + RSI interpretation: Overbought (74.17), potential sell signal + MACD signal: Bullish momentum, but diverging from price action * Volume analysis: Weak volume trends and institutional interest signals * Recent news sentiment impact: Neutral
Technical Analysis
Trend Direction: * Short-term: Neutral (no clear trend) * Medium-term: Bearish (price below SMA 50)
Support/Resistance Levels: * SMA 20 ($26.14) as key support
Momentum Signals: * RSI interpretation: Overbought (74.17), potential sell signal * MACD signal: Bullish momentum, but diverging from price action * Bollinger Bands position: Overbought
Volume Analysis: * Volume trends and institutional interest signals: Weak volume trends and no clear signs of institutional interest
News & Sentiment Analysis
Recent Headlines Summary: * No recent news available
Sentiment Assessment: * Neutral sentiment
Catalyst Identification: * None identified
Market Narrative: * News aligns with short-term neutral trend, but diverges from medium-term bearish trend
Risk & Volatility Assessment
Beta Interpretation: * Beta 1.05 (vs SPY), indicating above-average volatility and amplification of market movements
Volatility Regime: * Above average volatility (Stock Volatility: 0.22)
Options Market Signals: * No options data available
Downside Protection: * SMA 20 ($26.14) as key support, consider stop-loss levels around $25.50
Market Context & Positioning
Sector Performance: * Relative strength vs sector/market: Neutral
Institutional Activity: * Weak volume trends and no clear signs of institutional interest
Correlation Analysis: * Correlation with market (R-squared interpretation): 0.63, indicating moderate correlation
Relative Valuation: * Position within trading range: Neutral
Key Levels & Action Items
Critical Price Levels: * SMA 20 ($26.14) as key support
Breakout/Breakdown Levels: * None identified
Time-Sensitive Catalysts: * No earnings dates or other time-sensitive events available
Risk Management: * Consider stop-loss levels around $25.50, adjust position size accordingly
DUNK 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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
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 →
Scanning bull put, bear call, iron condor and calendar spreads…
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.
Loading the implied volatility surface…
Loading the implied volatility smile…
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Above average volatility - stock moves with market amplification
DUNK Institutional Ownership (13F)
Filings for 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 |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| NOW | ServiceNow Inc | 10.63% | $103.16 | +1.16% | -2.69% | -26.49% |
| SNOW | Snowflake Inc | 10.35% | $292.44 | +6.00% | +0.61% | -18.85% |
| MSFT | Microsoft Corp | 9.03% | $546.69 | +3.03% | +7.80% | +1.02% |
| SHOP | Shopify Inc | 7.47% | $151.88 | +1.99% | -2.78% | -15.26% |
| DASH | DoorDash Inc | 6.26% | $182.24 | +1.43% | -4.12% | -6.18% |
| NVDA | NVIDIA Corp | 5.98% | $177.13 | -5.09% | -12.34% | -21.73% |
| V | Visa Inc | 4.89% | $423.68 | +0.24% | -0.43% | +8.84% |
| JNJ | Johnson & Johnson | 4.88% | $282.44 | +2.25% | +4.39% | +7.09% |
| DDOG | Datadog Inc | 4.77% | $180.31 | +0.71% | -16.56% | -37.24% |
| MA | Mastercard Inc | 4.76% | $658.2 | +0.84% | +0.02% | +10.61% |
| UBER | Uber Technologies Inc | 4.55% | $70.96 | +3.46% | +6.37% | -0.75% |
| LLY | Eli Lilly & Co | 4.30% | $1417.14 | +4.66% | +0.44% | +19.83% |
| AMZN | Amazon.com Inc | 4.25% | $268.44 | +3.52% | +9.29% | +3.43% |
| ABBV | AbbVie Inc | 3.85% | $292.85 | +0.53% | +1.39% | +4.17% |
| ABNB | Airbnb Inc | 2.97% | $192.96 | +1.56% | +12.77% | +18.02% |
| AVGO | Broadcom Inc | 2.47% | $320.29 | +9.06% | -0.60% | -9.71% |
| META | Meta Platforms Inc | 1.46% | $643.76 | +5.51% | +6.10% | -13.35% |
| ADI | Analog Devices Inc | 1.33% | $391.61 | +7.71% | -5.15% | -3.60% |
| AMD | Advanced Micro Devices Inc | 1.07% | $509.3 | +13.42% | +9.10% | -14.29% |
| GOOGL | Alphabet Inc | 0.97% | $288.93 | +1.46% | +3.56% | -18.09% |
| LRCX | Lam Research Corp | 0.96% | $218.24 | +8.88% | -4.10% | -29.50% |
| EOG | EOG Resources Inc | 0.87% | $146.53 | -0.41% | -7.19% | -2.64% |
| VKTX | Viking Therapeutics Inc | 0.41% | $29.05 | +8.23% | +8.27% | +2.51% |
| GE | General Electric Co | 0.04% | $336.53 | +4.11% | +6.57% | +9.04% |