Zacks Investment ResearchT3·1d ago
EUAD Select STOXX Europe Aerospace & Defense ETF
ETF 40.67 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.
EUAD
$40.67
—
Key stats
$40.67
- 52-Week Range
- $37.62 – $48.44
- YTD
- -6.74%
- IV Rank (30D)
- 19.38
- Straddle Price
- $2.33
- P/C Vol Ratio
- 1.16
- Open
- $40.95
- Day Range
- $40.55 – $41.40
- Volume
- 100,180
- Prev Close
- $40.91
About
Select STOXX Europe Aerospace & Defense ETF (EUAD) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-10-21
- Has Options
- Yes
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.50% prospectus, filed Dec 29, 2025
- Assets
- $1.2B SEC filing, May 31, 2026
- Trailing yield
- 0.41% paid annual
- Average daily volume
- $8.3M 30 sessions
- Holdings
- 32 top 10 are 33.9%
- Listed
- Oct 21, 2024 Cboe BZX
Cost58
Liquidity64
Scale71
Diversification28
Moves with. Developed markets ex-US over US (24% of its variance, beta 1.49); US large-cap stocks (20% of its variance, beta 0.95); Gold (5% of its variance, beta 0.12). These factors explain 48% of its daily moves over the last year.
Stated objective. The Select STOXX Europe Aerospace & Defense ETF (the Fund) seeks to provide investment results that, before fees and expenses, track the total return performance of the STOXX Europe Total Market Aerospace & Defense Index (the Index). (from the fund's prospectus)
All 32 holdingsFlow historyOverlap toolAll Aerospace & Defense ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$89M latest reported month
- Latest 3 months
- −$86M −7.0% of assets
- Latest 12 months
- +$180M +14.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$89M |
| Apr 2026 | +$33M |
| Mar 2026 | −$31M |
| Feb 2026 | +$2.2M |
| Jan 2026 | +$320M |
| Dec 2025 | −$126M |
| Nov 2025 | +$43M |
| Oct 2025 | +$15M |
| Sep 2025 | −$169M |
| Aug 2025 | +$155M |
| Jul 2025 | +$107M |
| Jun 2025 | −$82M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 20 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| ITAiShares U.S. Aerospace & Defense ETF | — | 0.37% | $11.9B | +0.1% | compare |
| SHLDGlobal X Defense Tech ETF | — | 0.50% | $8.0B | −5.7% | compare |
| PPAInvesco Aerospace & Defense ETF | — | 0.58% | $7.4B | +1.8% | compare |
| XARState Street SPDR S&P Aerospace & Defense ETF | — | 0.35% | $5.0B | −5.6% | compare |
| IDEFBlackRock ETF Trust iShares Defense Industrials and Tech Active ETF | — | 0.55% | $3.6B | −2.4% | compare |
The largest other funds in the Aerospace & Defense category.
Look-through: what the holdings say
weights as of May 31, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- +6.5% change in shares held by institutions, latest quarter
- 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
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | SAFRYSafran SA | 4.61% | 2.96% | −20.4% |
| Decrease | RYCEYRolls-Royce Holdings | 4.71% | 3.30% | −20.4% |
| Increase | HAGHYHensoldt AG | 1.50% | 1.92% | +19.7% |
| Increase | MTUAYMTU Aero Engines AG | 4.66% | 4.32% | +19.8% |
| Increase | SAABYSaab AB | 3.05% | 2.74% | +15.5% |
| Increase | BCKIYBabcock Internationa | 1.87% | 1.62% | +19.7% |
| Increase | THLLYThales SA | 2.86% | 2.71% | +13.1% |
| Increase | QNTQYQinetiQ Group PLC | 0.74% | 0.79% | +19.8% |
| Increase | FINMYLeonardo SpA | 3.28% | 3.24% | +14.2% |
| Increase | Chemring Group PLC | 0.51% | 0.52% | +19.7% |
0 new, 0 exited, 8 increased and 2 decreased between the fund's two latest holdings reports; turnover 10.9%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 4 active of 4 with agreements; top 3 did 98%
- Created · redeemed
- $1.4B · $548M over the fiscal year
- Redemptions in kind
- 96% creations 97% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- 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 2026-05-31
Holdings
32
AUM
$1.2B
Provider
Nport
Inception
2024-10-21
Exchange
BATS
Data As Of
2026-05-31
Expense Ratio
0.50%
Dividend Yield
0.41%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-30 | 2025-12-31 | $0.1688 | CD |
| 2024-12-30 | 2024-12-31 | $0.0233 | CD |
Asset Allocation
Top Holdings
top 32 of 32 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | UMB MONEY MARKET | 63.89% | Short-term investment | US |
| EADSY | Airbus SE | 5.82% | Equity (common) | FR |
| MTUAY | MTU Aero Engines AG | 4.32% | Equity (common) | DE |
| BAESF | BAE Systems PLC | 3.51% | Equity (common) | GB |
| RYCEY | Rolls-Royce Holdings | 3.30% | Equity (common) | GB |
| FINMY | Leonardo SpA | 3.24% | Equity (common) | IT |
| SAFRY | Safran SA | 2.96% | Equity (common) | FR |
| RNMBY | Rheinmetall AG | 2.95% | Equity (common) | DE |
| SAABY | Saab AB | 2.74% | Equity (common) | SE |
| THLLY | Thales SA | 2.71% | Equity (common) | FR |
| — | CLEARST. RYCEY SWAP | 2.35% | Other | GB |
| HAGHY | Hensoldt AG | 1.92% | Equity (common) | DE |
| BCKIY | Babcock Internationa | 1.62% | Equity (common) | GB |
| QNTQY | QinetiQ Group PLC | 0.79% | Equity (common) | GB |
| — | Chemring Group PLC | 0.52% | Equity (common) | GB |
| — | CLEARST. BAESY SWAP | 0.35% | Other | GB |
| — | CLEARST. LSIIF SWAP | 0.04% | Other | FR |
| — | CLEARST. AVVOF SWAP | 0.01% | Other | IT |
| — | CLEARST. EXALF SWAP | 0.01% | Other | FR |
| — | CLEARST. AVNBF SWAP | 0.00% | Other | GB |
| — | CLEARST. SNIRF SWAP | 0.00% | Other | GB |
| — | CLEARST. TKMSF SWAP | 0.00% | Other | DE |
| — | CLEARST. RKGRY SWAP | -0.01% | Other | DE |
| — | CLEARST. MTASF SWAP | -0.02% | Other | CH |
| — | CLEARST. DUAVF SWAP | -0.03% | Other | IT |
| — | CLEARST. MLSPF SWAP | -0.04% | Other | GB |
| — | CLEARST. FINMY SWAP | -0.06% | Other | IT |
| — | CLEARST. SAABY SWAP | -0.06% | Other | SE |
| — | CLEARST. THLLY SWAP | -0.08% | Other | FR |
| — | CLEARST. SAFRY SWAP | -0.27% | Other | FR |
| — | CLEARST. EADSY SWAP | -0.98% | Other | FR |
| — | CLEARST. RNMBY SWAP | -1.72% | Other | DE |
Geographic Breakdown
Non-Equity Breakdown
Select STOXX Europe Aerospace & Defense ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$1.24B
· 32 total positions
· equity 36.40%
· non-equity 63.38%
Non-equity holdings
— 19 positions,
63.38% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 63.89% | $795.3M | 1 |
| Other | -0.51% | $-6364767 | 18 |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 9.67% | 4.47% | 7.07% |
| Feb | -- | 15.67% | 2.87% | 9.27% |
| Mar | -- | -0.97% | -11.51% | -6.24% |
| Apr | -- | 4.65% | -5.19% | -0.27% |
| May | -- | 12.49% | 3.93% | 8.21% |
| Jun | -- | 4.76% | 3.48% | 4.12% |
| Jul | -- | -0.05% | 5.15% | 2.55% |
| Aug | -- | 1.91% | -3.69% | -0.89% |
| Sep | -- | 10.99% | -3.68% | 3.66% |
| Oct | -1.95% | -4.77% | -1.57%* | -2.76% |
| Nov | 0.98% | -9.46% | -- | -4.24% |
| Dec | -3.78% | 6.25% | -- | 1.24% |
| Total | -4.73% | 60.45% | -6.90% | 16.27% |
* Only 3 year(s) of data available.
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: $41.11
SMA 50: $43.22
SMA 200: $43.30
Current: $40.67
EMA 12: $40.83
EMA 26: $41.49
MACD: -0.6573 | Signal: 0.1375
BEARISH
ADX (14): 29.65
TREND
+DI: 20.88
−DI: 31.00
Momentum Oscillators
RSI (14): 41.90
NEUTRAL
Stoch %K: 48.44
Stoch %D: 52.13
Williams %R: -53.20
Volume & Volatility
BB Upper: $43.04
BB Lower: $39.19
NEUTRAL
OBV: 4,487,393
Vol SMA 20: 240,771
Vol ROC: -41.92%
ATR: $0.76
True Range: $0.85
HV 20: 19.0%
HV 30: 17.9%
HV 60: 18.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Short-term trend direction: Bearish
- Medium-term trend direction: Neutral
- Long-term trend direction: Bullish
- Recent news sentiment impact: Positive
Primary risks:
- High volatility, beta above market average
- Bearish MACD signal and RSI below 70
- Unusual options activity with a high IV rank
2-3 sentence investment thesis:
EUAD's strong long-term momentum and positive recent news sentiment are balanced by short-term bearish trends and high volatility. The stock's beta above the market average suggests it may amplify market moves, making it more suitable for risk-tolerant investors.
Recent news sentiment impact:
The positive news headline about European defense spending has contributed to the stock's bullish bias.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bearish
- Medium-term (1-3 months): Neutral
- Long-term (3-12 months): Bullish
Support/Resistance Levels:
- Lower band: $37.64
- Middle line: $40.11
- Upper band: $42.58
Momentum Signals:
- RSI interpretation: Neutral (52.13)
- MACD signal: Bearish (-0.56 / Signal: 0.18)
- Bollinger Bands position: Neutral
News & Sentiment Analysis
Recent Headlines Summary: EUAD vs. WDEF: Which ETF Is Best for a New Era of European Defense Spending? (The Motley Fool, 2025-10-15) - Positive sentiment.
Sentiment Assessment: Positive news sentiment dominates recent headlines, contributing to the stock's bullish bias.
Catalyst Identification: No specific earnings or product launch dates mentioned in recent news.
Market Narrative: The positive news headline aligns with the stock's long-term bullishly trending direction.
Risk & Volatility Assessment
Beta Interpretation: EUAD has a beta above the market average (1.10), indicating higher volatility and potential amplification of market moves.
Volatility Regime: Current volatility is above historical averages, suggesting increased uncertainty.
Options Market Signals:
- IV rank: 56.5% (Medium)
- Put/call ratios: Neutral
- Unusual activity: High options volume with a skew towards calls
Market Context & Positioning
Sector Performance: EUAD's sector peers have been trending positively in recent weeks, contributing to the stock's bullish bias.
Institutional Activity: Institutional interest signals are mixed, with some institutions buying and others selling.
Correlation Analysis: EUAD has a moderate correlation (0.45) with the market, suggesting it may amplify market moves.
Relative Valuation: EUAD is trading near its short-term resistance level, which may limit further upside potential in the short term.
Key Levels & Action Items
Critical Price Levels:
- Support: $37.64
- Resistance: $42.58
Breakout/Breakdown Levels:
- Bearish breakout above $43.45 (SMA 200)
- Bullish breakdown below $39.93 (EMA 12)
Time-Sensitive Catalysts: No specific earnings or product launch dates mentioned in recent news.
Risk Management: Consider stop-loss levels at $37.64 (lower band) and position sizing based on risk tolerance.
Generated
News
All EUAD news →
The Motley FoolT3·12mo ago
EUAD Options Activity & IV Rank
EUAD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 25.6%
7-DTE IV: —
Expected Move: $2.33
7-DTE Move: $2.33
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 19
Put Volume: 22
P/C Volume: 1.158
NEUTRAL
Call OI: 65
Put OI: 24
P/C OI: 0.369
Total OI: 89
ATM Options Pricing
ATM Call: $1.30
ATM Put: $1.02
Call %: 3.2%
Put %: 2.5%
Chain Summary
Chain Volume: 392
Chain OI: 973
Last Updated: 10/21/2026
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
LOW γ vs HISTORY
Estimated net dealer gamma is at the 15th 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.
Gamma percentile
15%
vs own history
GEX tilt
+0.02
OI-weighted, today
Vanna tilt
+0.66
δ-sensitivity to IV
Charm tilt
-0.59
δ-decay vs time
Vanna tilt +0.66: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.59: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 17 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
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 24.5% / 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)19.4LowOct 21
Straddle Price (30 DTE)$2.33Oct 21
Beta Analysis
Risk Metrics
Beta: 1.0760
Alpha: -21.24%
Correlation: 0.4786
R-Squared: 22.9%
Stock Volatility: 28.6%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
EUAD 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.
4 filers$7.12M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | PEAK6 LLC | $4.22M | 59.28% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $2.07M | 29.05% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $417.58K | 5.87% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $413.40K | 5.81% | 2025-09-30 |
2 filers$2.83M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $2.52M | 89.02% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $311.21K | 10.98% | 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
628.17K
SI % of Float
—
Days to Cover
4.26
Short Vol Ratio
23.1%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|