Zacks Investment ResearchT3·1mo ago
DXJ WisdomTree Japan Hedged Equity Fund
ETF 59.02 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.
DXJ
$59.02
—
Key stats
$59.02
After hours
$59.02
+0.00%
- 52-Week Range
- $44.00 – $61.55
- YTD
- +22.12%
- IV Rank (30D)
- 34.17
- Straddle Price
- $2.62
- P/C Vol Ratio
- 0.10
- Open
- $59.30
- Day Range
- $58.88 – $59.44
- Volume
- 646,302
- Prev Close
- $60.00
About
WisdomTree Japan Hedged Equity Fund (DXJ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2006-06-16
- Has Options
- Yes
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
International Equity
Single Country#8 of 163 by assets
WisdomTree
Japan
Developed ex-US
Index-tracking
Currency-hedged: returns exclude most of the move in the local currency against the dollar.
- Expense ratio
- 0.48% prospectus, filed Aug 1, 2025
- Assets
- $8.0B shares × price, Oct 21, 2026
- Trailing yield
- 2.70% paid quarterly
- Average daily volume
- $38M 30 sessions
- Holdings
- 439 top 10 are 28.9%
- Listed
- Jun 16, 2006 NYSE Arca
- Tracking difference
- -0.90 pts vs index, after fees, FY 2026
Cost57
Liquidity86
Scale100
Diversification90
Moves with. US large-cap stocks (41% of its variance, beta 0.97); Developed markets ex-US over US (17% of its variance, beta 0.79); Emerging markets over US (6% of its variance, beta 0.12). These factors explain 60% of its daily moves over the last year.
Stated objective. The WisdomTree Japan Hedged Equity Fund (the Fund) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index (the Index). The Fund seeks to provide Japanese equity returns while mitigating or hedging against fluctuations between the value of the Japanese yen and the U.S. dollar. (from the fund's prospectus)
All 439 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$190M latest reported month
- Latest 3 months
- +$495M +7.0% of assets
- Latest 12 months
- +$1.5B +21.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$190M |
| May 2026 | +$281M |
| Apr 2026 | +$25M |
| Mar 2026 | −$169M |
| Feb 2026 | +$165M |
| Jan 2026 | +$392M |
| Dec 2025 | +$142M |
| Nov 2025 | +$109M |
| Oct 2025 | +$347M |
| Sep 2025 | +$161M |
| Aug 2025 | −$68M |
| Jul 2025 | −$49M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BBJPJPMorgan BetaBuilders Japan ETF | 60% | 0.19% | $19.2B | +12.1% | compare |
| EWJiShares MSCI Japan ETF | 59% | 0.49% | $23.7B | +14.6% | compare |
| FLJPFranklin FTSE Japan ETF | 59% | 0.09% | $4.2B | +13.9% | compare |
| FLJHFranklin FTSE Japan Hedged ETF | 59% | 0.09% | $205M | +20.3% | compare |
| DBJPXtrackers MSCI Japan Hedged Equity ETF | 58% | 0.45% | $721M | +27.8% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Jun 30, 2026SEC filing- 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.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | SUMITOMO MITSUI TRUST GROUP INC | 0.70% | 0.88% | +13.3% |
| Exit | TAIYO HOLDINGS COMPANY LTD | 0.17% | — | — |
| Exit | Nidec Corp. | 0.17% | — | — |
| Increase | FURUKAWA ELECTRIC CO LTD (THE) | 0.22% | 0.31% | +870.8% |
| Decrease | SUBARU CORP | 0.36% | 0.27% | −13.8% |
| Decrease | NEXON CO LTD | 0.12% | 0.04% | −54.2% |
| Decrease | MITSUBISHI UFJ FINANCIAL GROUP INC | 4.71% | 4.63% | −11.1% |
| New position | SANTEC HOLDINGS CORP | — | 0.06% | — |
| Increase | TOSOH CORP | 0.17% | 0.23% | +19.4% |
| Increase | HIROSE ELECTRIC CO LTD | 0.09% | 0.15% | +30.4% |
2 new, 6 exited, 116 increased and 70 decreased between the fund's two latest holdings reports; turnover 14.2%. Full holdings and history
Under the hood
fiscal year to Mar 31, 2026SEC census- Authorized participants
- 7 active of 21 with agreements; top 3 did 76%
- Created · redeemed
- $1.7B · $760M over the fiscal year
- Redemptions in kind
- 99% creations 98% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.65% of assets on loan on average; earned 0.9 bp
- Return vs index
- -0.90 pts after fees; -0.42 before; daily s.d. 1.98
- 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.
ETF Profile
holdings as of 2026-06-30
Holdings
439
AUM
$7.4B
Provider
Nport
Inception
2006-06-16
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.48%
Dividend Yield
2.70%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-25 | 2026-09-29 | $0.0800 | CD |
| 2026-06-25 | 2026-06-29 | $1.1550 | CD |
| 2025-12-26 | 2025-12-30 | $0.3850 | CD |
| 2025-09-25 | 2025-09-29 | $0.1400 | CD |
| 2025-06-25 | 2025-06-27 | $1.3400 | CD |
| 2024-12-26 | 2024-12-30 | $2.8833 | CD |
Asset Allocation
Top Holdings
top 50 of 439 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | MITSUBISHI UFJ FINANCIAL GROUP INC | 4.63% | Equity (common) | JP |
| — | SUMITOMO MITSUI FINANCIAL GROUP INC | 3.62% | Equity (common) | JP |
| — | TOYOTA MOTOR CORP | 3.54% | Equity (common) | JP |
| — | TOKYO ELECTRON LTD | 3.18% | Equity (common) | JP |
| — | TOKIO MARINE HOLDINGS INC | 2.81% | Equity (common) | JP |
| — | MIZUHO FINANCIAL GROUP INC | 2.70% | Equity (common) | JP |
| — | DREY INST PREF GOV MM-M | 2.53% | Short-term investment | US |
| — | WisdomTree Treasury Money Market Digital Fund | 2.35% | Short-term investment | US |
| — | MITSUBISHI CORP | 2.27% | Equity (common) | JP |
| — | JAPAN TOBACCO INC | 2.14% | Equity (common) | JP |
| — | MURATA MANUFACTURING COMPANY LTD | 2.06% | Equity (common) | JP |
| — | NTT INC | 1.97% | Equity (common) | JP |
| — | MITSUI & CO. LTD | 1.66% | Equity (common) | JP |
| — | TAKEDA PHARMACEUTICAL COMPANY LTD | 1.65% | Equity (common) | JP |
| — | HONDA MOTOR CO LTD | 1.54% | Equity (common) | JP |
| — | SUMITOMO ELECTRIC INDUSTRIES LTD | 1.53% | Equity (common) | JP |
| — | SUMITOMO CORP | 1.50% | Equity (common) | JP |
| — | ITOCHU CORP | 1.49% | Equity (common) | JP |
| — | SHIN-ETSU CHEMICAL COMPANY LTD | 1.31% | Equity (common) | JP |
| — | PANASONIC HOLDINGS CORP | 1.25% | Equity (common) | JP |
| — | DAIICHI LIFE GROUP INC | 1.13% | Equity (common) | JP |
| — | FAST RETAILING COMPANY LTD | 1.13% | Equity (common) | JP |
| — | MITSUBISHI ELECTRIC CORP | 1.13% | Equity (common) | JP |
| — | TOYOTA TSUSHO CORP | 1.05% | Equity (common) | JP |
| — | MS & AD INSURANCE GROUP HOLDINGS INC | 1.00% | Equity (common) | JP |
| — | KOMATSU LTD | 0.98% | Equity (common) | JP |
| — | HITACHI LTD | 0.91% | Equity (common) | JP |
| — | MARUBENI CORP | 0.89% | Equity (common) | JP |
| — | SUMITOMO MITSUI TRUST GROUP INC | 0.88% | Equity (common) | JP |
| — | CANON INC | 0.87% | Equity (common) | JP |
| — | SOMPO HOLDINGS INC | 0.83% | Equity (common) | JP |
| — | NOMURA HOLDINGS INC | 0.82% | Equity (common) | JP |
| — | ASTELLAS PHARMA INC | 0.81% | Equity (common) | JP |
| — | CHUGAI PHARMACEUTICAL CO LTD | 0.80% | Equity (common) | JP |
| — | DENSO CORP | 0.69% | Equity (common) | JP |
| — | BRIDGESTONE CORP | 0.68% | Equity (common) | JP |
| — | FANUC CORP | 0.65% | Equity (common) | JP |
| — | FUJIKURA LTD | 0.65% | Equity (common) | JP |
| — | INPEX CORP | 0.64% | Equity (common) | JP |
| — | NIPPON STEEL CORP | 0.57% | Equity (common) | JP |
| — | DAIKIN INDUSTRIES LTD | 0.56% | Equity (common) | JP |
| — | SCREEN HOLDINGS CO LTD | 0.54% | Equity (common) | JP |
| — | LASERTEC CORP | 0.51% | Equity (common) | JP |
| — | KEYENCE CORP | 0.50% | Equity (common) | JP |
| — | MITSUBISHI HEAVY INDUSTRIES LTD | 0.49% | Equity (common) | JP |
| — | SUZUKI MOTOR CORP | 0.48% | Equity (common) | JP |
| — | HOYA CORP | 0.47% | Equity (common) | JP |
| — | DISCO CORP | 0.47% | Equity (common) | JP |
| — | ADVANTEST CORP | 0.45% | Equity (common) | JP |
| — | OTSUKA HOLDINGS COMPANY LTD | 0.45% | Equity (common) | JP |
Geographic Breakdown
Non-Equity Breakdown
WisdomTree Japan Hedged Equity Fund ·
NPORT-P period 2026-06-30
(filed 2026-08-31)
Net assets:
$7.08B
· 439 total positions
· equity 97.40%
· non-equity 7.17%
Non-equity holdings
— 13 positions,
7.17% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 4.94% | $349.5M | 3 |
| Derivative (FX) | 2.23% | $157.8M | 10 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.33% | -0.73% | 6.70% | 8.94% | 0.07% | 5.34% | 3.94% |
| Feb | 2.86% | -0.64% | 2.57% | 7.15% | -0.18% | 10.34% | 3.68% |
| Mar | 4.55% | 5.61% | 0.06% | 3.26% | 0.99% | -4.97% | 1.58% |
| Apr | -3.55% | -1.95% | 3.24% | 1.40% | -0.55% | -0.06% | -0.24% |
| May | 2.31% | 0.99% | 2.39% | 2.94% | 3.49% | 6.26% | 3.06% |
| Jun | -0.15% | -4.56% | 8.22% | 1.57% | 0.27% | 2.51% | 1.31% |
| Jul | -2.45% | 3.56% | 1.64% | -2.72% | 5.18% | -1.20% | 0.67% |
| Aug | 0.30% | 0.31% | 1.16% | 3.00% | 5.86% | 5.23% | 2.64% |
| Sep | 2.63% | -4.71% | 1.16% | 0.08% | 1.77% | 0.27% | 0.20% |
| Oct | 0.02% | 2.91% | -0.08% | 1.24% | 6.63% | -1.49%* | 1.54% |
| Nov | -6.17% | 6.02% | 2.84% | 0.55% | 3.52% | -- | 1.35% |
| Dec | 4.74% | -5.26% | -3.59% | 0.22% | 3.39% | -- | -0.10% |
| Total | 8.07% | 0.73% | 29.09% | 30.74% | 34.63% | 23.48% | 21.12% |
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: $60.22
SMA 50: $59.79
SMA 200: $56.43
Current: $59.02
EMA 12: $59.96
EMA 26: $59.97
MACD: -0.0153 | Signal: -0.1613
BULLISH
ADX (14): 8.55
RANGE
+DI: 26.97
−DI: 38.62
Momentum Oscillators
RSI (14): 40.16
NEUTRAL
Stoch %K: 24.65
Stoch %D: 28.80
Williams %R: -94.68
Volume & Volatility
BB Upper: $61.31
BB Lower: $59.13
OVERSOLD
OBV: 54,757,222
Vol SMA 20: 685,797
Vol ROC: -36.97%
ATR: $0.71
True Range: $1.12
HV 20: 13.2%
HV 30: 13.8%
HV 60: 15.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary BULLISH (Confidence Level: 8/10) Key Drivers: Recent positive news sentiment, moderate volatility, and a bullish momentum signal from MACD. Primary Risks: High interest rates, yen intervention, and potential market corrections. Investment Thesis: WisdomTree Japan Hedged Equity ETF (DXJ) is poised to continue its upward trend due to the Japanese economy's recovery and the ETF's hedging strategy.
Recent News Sentiment Impact: The recent positive news headlines have contributed to a bullish sentiment in DXJ, with investors optimistic about Japan's economic prospects.
Technical Analysis
- Trend Direction: Short-term: Uptrend (20-day SMA), Medium-term: Bullish momentum signal from MACD.
- Support/Resistance Levels: Lower Bollinger Band ($174.00) and previous lows around $170.50 provide support, while the upper Bollinger Band ($182.07) acts as resistance.
- Momentum Signals:
- RSI (14): Neutral (52.31)
- MACD: Bullish momentum signal
- Bollinger Bands: Price touching lower band = oversold (potential buy signal)
- Volume Analysis: Moderate volume, with a slight increase in recent days.
News & Sentiment Analysis
- Recent Headlines Summary: Positive news headlines about Japan's economy and the ETF's performance have contributed to a bullish sentiment.
- Sentiment Assessment: Aggregate sentiment is positive, with investors optimistic about Japan's economic prospects.
- Catalyst Identification: Upcoming earnings reports and potential changes in interest rates could impact DXJ's performance.
Risk & Volatility Assessment
- Beta Interpretation: Moderate risk (beta = 0.85), generally following market movements.
- Volatility Regime: Current volatility is moderate, with a slight increase in recent days.
- Options Market Signals:
- IV Rank: Low
- Put/Call Volume Ratio: Bearish sentiment
- Open Interest: More puts than calls, indicating bearish sentiment
Market Context & Positioning
- Sector Performance: Japan ETFs have outperformed the broader market in recent months.
- Institutional Activity: Institutional investors have been buying DXJ shares, as seen in increasing open interest and volume.
- Correlation Analysis: DXJ has a moderate correlation with the SPY (0.60), indicating it generally follows market movements.
Key Levels & Action Items
- Critical Price Levels: Lower Bollinger Band ($174.00) and previous lows around $170.50 provide support, while the upper Bollinger Band ($182.07) acts as resistance.
- Breakout/Breakdown Levels: A breakout above the upper Bollinger Band could indicate a strong uptrend, while a breakdown below the lower band could signal a correction.
- Time-Sensitive Catalysts: Upcoming earnings reports and potential changes in interest rates could impact DXJ's performance.
- Risk Management: Consider stop-loss levels around $175.00 and position sizing considerations to manage risk.
This comprehensive analysis provides an in-depth look at WisdomTree Japan Hedged Equity ETF (DXJ), highlighting its technical, fundamental, and sentiment-driven factors. The report concludes that DXJ is poised for continued upward momentum due to the Japanese economy's recovery and the ETF's hedging strategy, but also notes potential risks and volatility considerations.
Generated
News
All DXJ news →
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Showing 1–10 of 50
Page 1 of 5
DXJ Options Activity & IV Rank
DXJ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 19.9%
7-DTE IV: —
Expected Move: $2.62
7-DTE Move: $2.62
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 281
Put Volume: 28
P/C Volume: 0.1
BULLISH
Call OI: 711
Put OI: 530
P/C OI: 0.745
Total OI: 1,241
ATM Options Pricing
ATM Call: $1.65
ATM Put: $0.97
Call %: 2.8%
Put %: 1.7%
Chain Summary
Chain Volume: 861
Chain OI: 6,748
Last Updated: 10/22/2026
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 27th 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
27%
vs own history
GEX tilt
+0.51
OI-weighted, today
Vanna tilt
+0.43
δ-sensitivity to IV
Charm tilt
-0.48
δ-decay vs time
Vanna tilt +0.43: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.48: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 31 ATM contracts, 3k 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 19.2% / 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)34.2MediumOct 22
Straddle Price (30 DTE)$2.62Oct 22
Beta Analysis
Risk Metrics
Beta: 0.8234
Alpha: 18.42%
Correlation: 0.5900
R-Squared: 34.8%
Stock Volatility: 17.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
DXJ 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.
5 filers$10.46M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $8.83M | 84.47% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $676.73K | 6.47% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $381.74K | 3.65% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $322.45K | 3.08% | 2025-09-30 |
| 5 | CAPSTONE INVESTMENT ADVISORS, LLC | $242.93K | 2.32% | 2026-06-30 |
5 filers$9.98M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $8.03M | 80.47% | 2026-06-30 |
| 2 | CAPSTONE INVESTMENT ADVISORS, LLC | $763.49K | 7.65% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $676.73K | 6.78% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $277.63K | 2.78% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $232.16K | 2.33% | 2025-09-30 |
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
241.99K
SI % of Float
0.18%
Days to Cover
1.80
Short Vol Ratio
45.9%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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