BenzingaT3·7mo ago
ERX Direxion Daily Energy Bull 2X ETF
ETF 100.27 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.
ERX
$100.27
—
Key stats
$100.27
- 52-Week Range
- $53.08 – $129.31
- YTD
- +72.34%
- IV Rank (30D)
- 52.34
- Straddle Price
- $13.90
- P/C Vol Ratio
- 0.69
- Open
- $98.13
- Day Range
- $96.84 – $101.08
- Volume
- 516,468
- Prev Close
- $99.21
About
Direxion Daily Energy Bull 2X ETF (ERX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2008-11-06
- Has Options
- Yes
Fund profile
holdings as of Nov 6, 2026issuer datathrough Jul 2026flows, SEC filings
Resets to 2x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 2x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- 0.91% prospectus, filed Mar 3, 2026
- Assets
- $215M shares × price, Nov 6, 2026
- Trailing yield
- 1.40% paid quarterly
- Average daily volume
- $42M 30 sessions
- Holdings
- 29 top 10 are 168.9%
- Listed
- Nov 6, 2008 NYSE Arca
- Last fee change
- +1 bp filed Feb 26, 2026
- Tracking difference
- -9.63 pts vs index, after fees, FY 2025
Cost71
Liquidity87
Scale49
Diversificationn/a
Moves with. Value over growth (20% of its variance, beta 1.84); Long Treasuries (6% of its variance, beta -1.04). These factors explain 25% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. (from the fund's prospectus)
All 29 holdingsFlow historySimilar fundsOverlap toolAll Leveraged Equity ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$26M latest reported month
- Latest 3 months
- −$35M −14.9% of assets
- Latest 12 months
- −$137M −58.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$26M |
| Jun 2026 | −$8.4M |
| May 2026 | −$753K |
| Apr 2026 | −$41M |
| Mar 2026 | −$31M |
| Feb 2026 | −$6.8M |
| Jan 2026 | +$64K |
| Dec 2025 | −$5.4M |
| Nov 2025 | −$11M |
| Oct 2025 | +$2.4M |
| Sep 2025 | −$2.8M |
| Aug 2025 | −$5.7M |
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 | |
|---|---|---|---|---|---|
| XLEState Street Energy Select Sector SPDR ETF | 77% | 0.08% | $40.5B | +41.0% | compare |
| IYEiShares U.S. Energy ETF | 77% | 0.37% | $1.8B | +40.2% | compare |
| GXPEGlobal X PureCap MSCI Energy ETF | 76% | 0.15% | $1.5M | +41.2% | compare |
| FENYFidelity MSCI Energy Index ETF | 76% | 0.08% | $2.1B | +39.1% | compare |
| VDEVanguard Energy ETF | 75% | 0.09% | $10.4B | +38.9% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Nov 6, 2026issuer data- Holdings vs fair value
- +27.7% 81% under, 7% over · 100% covered
- Price / earnings
- 15.2 0% loss-making · 100% covered
- Price / book · sales
- 2.3 · 1.6 revenue growth +20.4%
- Above 200-day average
- 72% 0% above 50-day · by weight
- Short interest
- 2.1% of float, weighted · 4.0 days to cover
- Insider buying
- 7% of weight had net insider buying, 90 days; 58% net selling
- 13F holders
- +5.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 2.2% of weight in 7 days; 2.2% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.12%
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
Oct 22, 2026 → Oct 23, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | OKEONEOK INC | — | 1.96% | — |
| Exit | FALCON TOPCO INC | 1.91% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 7.2%. Full holdings and history
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 7 active of 7 with agreements; top 3 did 76%
- Created · redeemed
- $78M · $157M over the fiscal year
- Redemptions in kind
- 96% creations 96% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.64% of assets on loan on average; earned 0.1 bp
- Return vs index
- -9.63 pts after fees; -8.79 before; daily s.d. 24.32
- 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 2026-11-06
Holdings
29
AUM
$492.4M
Provider
Direxion
Inception
2008-11-06
Exchange
ARCX
Data As Of
2026-11-06
Expense Ratio
0.91%
Dividend Yield
1.40%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-22 | 2026-09-29 | $0.3662 | CD |
| 2026-06-23 | 2026-06-30 | $0.2429 | CD |
| 2026-03-24 | 2026-03-31 | $0.5174 | CD |
| 2025-12-23 | 2025-12-31 | $0.2654 | CD |
| 2025-09-23 | 2025-09-30 | $0.3834 | CD |
| 2025-06-24 | 2025-07-01 | $0.3228 | CD |
Asset Allocation
Top Holdings
top 29 of 29 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | IXE SWAP ASSET LEG | 37.56% | Derivative | — |
| — | IXE SWAP ASSET LEG | 29.11% | Derivative | — |
| — | DREYFUS GOVT CASH MAN INS | 21.94% | Cash/Money Market | — |
| — | IXE SWAP ASSET LEG | 21.71% | Derivative | — |
| — | IXE SWAP ASSET LEG | 20.22% | Derivative | — |
| XOM | EXXONMOBIL HOLDINGS CORP | 18.77% | Equity (US) | US |
| — | IXE SWAP ASSET LEG | 14.60% | Derivative | — |
| CVX | CHEVRON CORP | 14.47% | Equity (US) | US |
| — | GOLDMAN FINL SQ TRSRY INST 506 | 6.87% | Cash/Money Market | — |
| COP | CONOCOPHILLIPS | 5.60% | Equity (US) | US |
| PSX | PHILLIPS 66 | 3.46% | Equity (US) | US |
| MPC | MARATHON PETROLEUM CORP | 3.45% | Equity (US) | US |
| VLO | VALERO ENERGY CORP | 3.29% | Equity (US) | US |
| WMB | WILLIAMS COS INC | 3.12% | Equity (US) | US |
| EOG | EOG RESOURCES INC | 3.12% | Equity (US) | US |
| SLB | SLB LTD | 3.02% | Equity (US) | — |
| KMI | KINDER MORGAN INC | 2.43% | Equity (US) | US |
| TRGP | TARGA RESOURCES CORP | 2.39% | Equity (US) | US |
| OKE | ONEOK INC | 2.23% | Equity (US) | US |
| DVN | DEVON ENERGY CORP | 1.93% | Equity (US) | US |
| BKR | BAKER HUGHES CO | 1.88% | Equity (US) | US |
| OXY | OCCIDENTAL PETROLEUM CORP | 1.69% | Equity (US) | US |
| FANG | DIAMONDBACK ENERGY INC | 1.50% | Equity (US) | US |
| EQT | EQT CORP | 1.30% | Equity (US) | US |
| HAL | HALLIBURTON CO | 1.09% | Equity (US) | US |
| EXE | EXPAND ENERGY CORP | 0.81% | Equity (US) | US |
| TPL | TEXAS PACIFIC LAND CORP | 0.65% | Equity (US) | US |
| APA | APA CORP | 0.62% | Equity (US) | US |
| — | GOLDMAN SACHS FIN GOV 465 INSTITUT | 0.00% | Cash/Money Market | — |
Non-Equity Breakdown
Direxion Daily Energy Bull 2X Shares ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$233M
· 29 total positions
· equity 70.63%
· non-equity 43.33%
Non-equity holdings
— 8 positions,
43.33% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 27.98% | $65.3M | 3 |
| DO | 15.35% | $35.8M | 5 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 6.25% | 31.88% | 12.58% | -4.30% | 1.58% | 23.93% | 11.99% |
| Feb | 46.32% | 6.53% | -10.96% | 5.77% | 5.66% | 23.96% | 12.88% |
| Mar | -0.96% | 15.15% | -6.12% | 17.86% | 13.53% | 15.30% | 9.13% |
| Apr | -4.55% | -5.66% | -4.07% | -3.97% | -29.35% | 1.60% | -7.67% |
| May | 5.06% | 27.92% | -18.14% | 1.62% | 0.89% | -9.39% | 1.33% |
| Jun | -0.60% | -35.27% | 9.27% | 1.35% | 5.59% | -13.72% | -5.56% |
| Jul | -19.55% | 15.16% | 14.54% | 3.55% | 3.17% | 25.88% | 7.12% |
| Aug | -3.15% | 8.84% | 3.55% | 0.19% | 10.56% | 17.44% | 6.24% |
| Sep | 20.44% | -16.10% | -0.46% | -2.51% | -2.20% | -9.60% | -1.74% |
| Oct | 13.31% | 38.50% | -8.50% | -3.45% | -3.52% | 23.92% | 10.04% |
| Nov | -13.46% | -0.59% | -1.73% | 16.89% | 4.65% | -15.28%* | -1.59% |
| Dec | 7.00% | -6.90% | -2.31% | -17.62% | -3.81% | -- | -4.73% |
| Total | 51.12% | 70.35% | -16.26% | 10.95% | -0.64% | 97.39% | 35.49% |
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: $117.93
SMA 50: $111.91
SMA 200: $94.76
Current: $100.27
EMA 12: $111.26
EMA 26: $113.30
MACD: -2.0330 | Signal: -3.4284
BULLISH
ADX (14): 23.61
WEAK TREND
+DI: 13.34
−DI: 38.57
Momentum Oscillators
RSI (14): 35.06
NEUTRAL
Stoch %K: 4.87
Stoch %D: 5.28
Williams %R: -89.44
Volume & Volatility
BB Upper: $135.95
BB Lower: $99.91
NEUTRAL
OBV: 11,665,886
Vol SMA 20: 449,037
Vol ROC: 80.88%
ATR: $5.65
True Range: $4.24
HV 20: 64.4%
HV 30: 57.5%
HV 60: 48.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
LLM Stock Analysis Report: ERX
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 7/10)
Key Drivers:
- Bearish MACD signal (-0.25 / Signal: -0.03 / Histogram: -0.22)
- High volatility (Beta: 1.57, Stock Volatility: 0.49) suggesting increased risk
- Negative news sentiment from recent headlines
Primary Risks:
- Potential for further price decline due to bearish momentum and high volatility
- Options market pricing a $2.78 move by expiration, which may not be favorable for longs
Recent News Sentiment Impact: The neutral sentiment from the recent headlines does not strongly contradict the bearish technical signals, suggesting that the stock's performance may continue to be influenced by its current trend.
Technical Analysis
Trend Direction: Bearish (Short-term: 1-4 weeks)
Support/Resistance Levels:
- SMA 20: $56.42 (resistance)
- SMA 50: $55.90 (support)
- Lower Bollinger Band: $52.73 (support)
Momentum Signals: RSI (14): 49.65 (neutral) MACD signal: bearish (-0.25 / Signal: -0.03 / Histogram: -0.22) Bollinger Bands: neutral
Volume Analysis: Volume SMA 20: 195248.80 On-Balance Volume (OBV): 5897861.00 Volume Rate of Change: -53.41% (indicating decreasing volume)
News & Sentiment Analysis
Recent Headlines Summary:
- ERX Movement as an Input in Quant Signal Sets (Stock Traders Daily, 2025-12-31) - Neutral sentiment
Sentiment Assessment: Neutral news headline does not strongly contradict the bearish technical signals.
Catalyst Identification: No recent earnings data available; options market pricing a $2.78 move by expiration.
Market Narrative: The neutral news headline does not strongly contradict the bearish technical signals, suggesting that the stock's performance may continue to be influenced by its current trend.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to market (beta >1.5)
Volatility Regime: Current volatility levels are higher than historical averages.
Options Market Signals: IV Rank: 99.6% (High) Put/Call Volume Ratio: 1.94 (Bearish sentiment)
Downside Protection: Support level at $52.73 (lower Bollinger Band) and potential for further price decline due to bearish momentum and high volatility.
Market Context & Positioning
Sector Performance: ERX relative strength vs sector/market: -1.2% (bearish trend)
Institutional Activity: Volume patterns suggesting institutional interest: 209 calls vs 406 puts
Correlation Analysis: R-squared interpretation: 0.63 (high correlation with market)
Relative Valuation: Position within trading range, potentially overbought.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $56.42 (resistance)
- SMA 50: $55.90 (support)
- Lower Bollinger Band: $52.73 (support)
Breakout/Breakdown Levels:
- SMA 200: $53.81 (potential support)
- Upper Bollinger Band: $60.11 (potential resistance)
Time-Sensitive Catalysts: Earnings date not available; options market pricing a $2.78 move by expiration.
Risk Management: Stop-loss levels: below SMA 50 ($55.90) and lower Bollinger Band ($52.73); position sizing considerations based on risk tolerance.
Note: This report provides a comprehensive analysis of the ERX stock using specific data provided, highlighting both bullish and bearish cases, and assessing risks and opportunities.
Generated
News
All ERX news →
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Showing 1–10 of 33
Page 1 of 4
ERX Options Activity & IV Rank
ERX IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 53.9%
7-DTE IV: 59.0%
Expected Move: $13.90
7-DTE Move: $8.25
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 1,663
Put Volume: 1,146
P/C Volume: 0.689
BULLISH
Call OI: 6,171
Put OI: 4,463
P/C OI: 0.723
Total OI: 10,634
ATM Options Pricing
ATM Call: $6.85
ATM Put: $7.05
Call %: 6.8%
Put %: 7.0%
Chain Summary
Chain Volume: 2,809
Chain OI: 10,634
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
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).
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 →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 26th 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
26%
vs own history
GEX tilt
+0.26
OI-weighted, today
Vanna tilt
-0.08
δ-sensitivity to IV
Charm tilt
-0.45
δ-decay vs time
Charm tilt -0.45: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 44 ATM contracts, 5k 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
No data
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
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)39.5MediumNov 9
IV Rank (30 DTE)52.3MediumNov 9
Straddle Price (30 DTE)$13.90Nov 9
Beta Analysis
Risk Metrics
Beta: -0.6741
Alpha: 77.80%
Correlation: -0.1987
R-Squared: 3.9%
Stock Volatility: 46.7%
Market Volatility: 13.8%
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
ERX Institutional Ownership (13F)
Filings for 2026-06-30 · 14 already 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.
4 filers$28.99M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $12.29M | 42.38% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $8.53M | 29.42% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $8.17M | 28.18% | 2026-06-30 |
| 4 | Marshall Wace, LLP Custodian | $7.62K | 0.03% | 2026-06-30 |
4 filers$27.24M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $14.94M | 54.87% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $6.76M | 24.82% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $5.01M | 18.38% | 2026-06-30 |
| 4 | Marshall Wace, LLP Custodian | $525.85K | 1.93% | 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
127.80K
SI % of Float
5.91%
Days to Cover
1.00
Short Vol Ratio
62.6%
Free Float
—
Float %
—
Short interest 2026-10-15 • Short volume 2026-11-09
ERX Constituent Performance
Click any bar to view the full quote for that stock.
ERX Constituents (21 of 21)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| XOM | EXXONMOBIL HOLDINGS CORP | 18.77% | $164.73 | -0.69% | -8.32% | -4.31% |
| CVX | CHEVRON CORP | 14.47% | $210.78 | -0.86% | -7.46% | -1.96% |
| COP | CONOCOPHILLIPS | 5.60% | $134.47 | -1.32% | -8.42% | -2.25% |
| PSX | PHILLIPS 66 | 3.46% | $253.02 | +2.97% | -8.01% | -10.11% |
| MPC | MARATHON PETROLEUM CORP | 3.45% | $389.88 | +4.60% | -9.41% | -15.02% |
| VLO | VALERO ENERGY CORP | 3.29% | $356.75 | +2.97% | -6.48% | -18.18% |
| WMB | WILLIAMS COS INC | 3.12% | $66.45 | +3.70% | -6.66% | -10.41% |
| EOG | EOG RESOURCES INC | 3.12% | $148.43 | +0.88% | -5.99% | -1.38% |
| SLB | SLB LTD | 3.02% | $50.38 | +0.92% | -3.69% | +3.30% |
| KMI | KINDER MORGAN INC | 2.43% | $30.57 | +2.04% | -6.54% | -7.59% |
| TRGP | TARGA RESOURCES CORP | 2.39% | $273.63 | +3.42% | -7.16% | -5.82% |
| OKE | ONEOK INC | 2.23% | $85.98 | +0.93% | -7.07% | -6.56% |
| DVN | DEVON ENERGY CORP | 1.93% | $42.4 | +0.45% | -12.81% | -13.40% |
| BKR | BAKER HUGHES CO | 1.88% | $48.45 | +1.21% | -8.67% | -13.76% |
| OXY | OCCIDENTAL PETROLEUM CORP | 1.69% | $55.76 | -1.10% | -8.17% | -8.78% |
| FANG | DIAMONDBACK ENERGY INC | 1.50% | $178.17 | -0.44% | -10.80% | -8.68% |
| EQT | EQT CORP | 1.30% | $49.91 | +1.03% | -8.99% | -6.22% |
| HAL | HALLIBURTON CO | 1.09% | $31.88 | +0.13% | -7.89% | -2.21% |
| EXE | EXPAND ENERGY CORP | 0.81% | $85.96 | +1.61% | -3.91% | -3.21% |
| TPL | TEXAS PACIFIC LAND CORP | 0.65% | $278.28 | +2.17% | -15.66% | -23.83% |
| APA | APA CORP | 0.62% | $44.55 | -0.18% | -8.75% | -4.89% |