GlobeNewswire Inc.T3·16mo ago
EWG iShares MSCI Germany ETF
ETF 41.70 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.
EWG
$41.70
—
Key stats
$41.70
- 52-Week Range
- $37.98 – $44.85
- YTD
- -2.02%
- IV Rank (30D)
- 27.79
- Straddle Price
- $1.85
- P/C Vol Ratio
- 1.11
- Open
- $41.82
- Day Range
- $41.53 – $41.91
- Volume
- 500,016
- Prev Close
- $41.43
About
iShares MSCI Germany ETF (EWG) ETF
No description available.
- Exchange
- ARCX
- Inception
- 1996-03-12
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 19, 2026issuer datathrough May 2026flows, SEC filings
International Equity
Single Country#27 of 163 by assets
iShares
Germany
Developed ex-US
Index-tracking
- Expense ratio
- 0.49% issuer, Oct 21, 2026
- Assets
- $1.5B issuer-reported, Oct 19, 2026
- Trailing yield
- 2.01% paid semi-annual
- Average daily volume
- $45M 30 sessions
- Holdings
- 56 top 10 are 63.2%
- Listed
- Mar 12, 1996 NYSE Arca
- Last fee change
- -1 bp filed Dec 19, 2025
- Net asset value
- $41.46 issuer, Oct 20, 2026 · closed -0.08% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 1.81% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +0.9% issuer, through Sep 30, 2026 · 3 years +18.8% a year · 5 years +7.4% · 10 years +7.2%
- Distributions, 12 months
- $0.83 a share issuer, through Jun 15, 2026: 100% income
- Tracking difference
- -0.39 pts vs index, after fees, FY 2025
Cost55
Liquidity88
Scale81
Diversification42
Moves with. US large-cap stocks (52% of its variance, beta 1.01); Developed markets ex-US over US (28% of its variance, beta 0.96); Long Treasuries (3% of its variance, beta 0.15). These factors explain 84% of its daily moves over the last year.
Stated objective. The iShares MSCI Germany ETF (the Fund ) seeks to track the investment results of an index composed of German equities. (from the fund's prospectus)
All 56 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
daily as of Oct 19, 2026issuer datathrough May 2026SEC filings- Oct 19, 2026
- $0 latest day
- Latest 5 trading days
- $0
- Latest 21 trading days
- −$2.2M −0.1% of assets
- Year to date
- −$163M −$468M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | $0 |
| Oct 15, 2026 | $0 |
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | +$123M |
| Oct 9, 2026 | −$25M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | −$25M |
| Oct 5, 2026 | −$12M |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | −$13M |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | −$13M |
| Sep 24, 2026 | −$25M |
| Sep 23, 2026 | $0 |
| Sep 22, 2026 | −$13M |
| Sep 21, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- May 2026
- −$12M latest reported month
- Latest 3 months
- −$261M −17.8% of assets
- Latest 12 months
- −$1.3B −89.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$12M |
| Apr 2026 | −$35M |
| Mar 2026 | −$214M |
| Feb 2026 | −$13M |
| Jan 2026 | −$26M |
| Dec 2025 | −$62M |
| Nov 2025 | −$243M |
| Oct 2025 | −$13M |
| Sep 2025 | −$458M |
| Aug 2025 | −$316M |
| Jul 2025 | $0 |
| Jun 2025 | +$75M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FLGRFranklin FTSE Germany ETF | 96% | 0.09% | $37M | −1.1% | compare |
| DAXGlobal X Funds Global X DAX Germany ETF | 92% | 0.20% | $212M | −0.9% | compare |
| FGMFirst Trust Germany AlphaDEX Fund | 35% | 0.80% | $86M | +0.8% | compare |
| FEZState Street SPDR EURO STOXX 50 ETF | 29% | 0.29% | $4.1B | +4.3% | compare |
| EZUiShare MSCI Eurozone ETF of ISHARES INC. | 26% | 0.50% | $9.2B | +4.9% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- Reporting earnings
- 12.3% of weight in 7 days; 12.3% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.92%
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.
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 9 active of 38 with agreements; top 3 did 69%
- Created · redeemed
- $1.9B · $655M over the fiscal year
- Redemptions in kind
- 100% creations 94% in kind
- Creation unit
- 300,000 shares
- Securities lending
- 0.47% of assets on loan on average; earned 0.3 bp
- Return vs index
- -0.39 pts after fees; -0.39 before; daily s.d. 10.93
- 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 2026-10-20
Holdings
56
AUM
$1.5B
Provider
iShares (BlackRock)
Inception
1996-03-12
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.49%
Dividend Yield
1.99%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-15 | 2026-06-18 | $0.8316 | CD |
| 2025-06-16 | 2025-06-20 | $0.6793 | CD |
| 2024-06-11 | 2024-06-17 | $0.7585 | CD |
| 2023-12-20 | 2023-12-27 | $0.0015 | CD |
| 2023-06-07 | 2023-06-13 | $0.7587 | CD |
| 2022-12-13 | 2022-12-19 | $0.0086 | CD |
Asset Allocation
Top Holdings
top 50 of 56 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| SAP | SAP | 12.38% | Equity (Foreign) | DE |
| SIE | SIEMENS N AG | 11.41% | Equity (Foreign) | DE |
| ALV | ALLIANZ | 9.95% | Equity (Foreign) | DE |
| ENR | SIEMENS ENERGY N AG | 6.12% | Equity (Foreign) | DE |
| DTE | DEUTSCHE TELEKOM N AG | 5.29% | Equity (Foreign) | DE |
| MUV2 | MUENCHENER RUECKVERSICHERUNGS-GESE | 4.20% | Equity (Foreign) | DE |
| IFX | INFINEON TECHNOLOGIES AG | 4.12% | Equity (Foreign) | DE |
| DB1 | DEUTSCHE BOERSE AG | 3.40% | Equity (Foreign) | DE |
| DHL | DHL AG | 3.21% | Equity (Foreign) | DE |
| RHM | RHEINMETALL AG | 2.99% | Equity (Foreign) | DE |
| DBK | DEUTSCHE BANK AG | 2.94% | Equity (Foreign) | DE |
| BAS | BASF N | 2.77% | Equity (Foreign) | DE |
| BAYN | BAYER AG | 2.59% | Equity (Foreign) | DE |
| EOAN | E.ON N | 2.45% | Equity (Foreign) | DE |
| RWE | RWE AG | 2.22% | Equity (Foreign) | DE |
| MBG | MERCEDES-BENZ GROUP N AG | 1.69% | Equity (Foreign) | DE |
| ADS | ADIDAS N AG | 1.55% | Equity (Foreign) | DE |
| CBK | COMMERZBANK AG | 1.32% | Equity (Foreign) | DE |
| HEI | HEIDELBERG MATERIALS AG | 1.17% | Equity (Foreign) | DE |
| FRE | FRESENIUS N | 1.15% | Equity (Foreign) | DE |
| MRK | MERCK | 1.15% | Equity (Foreign) | DE |
| DTG | DAIMLER TRUCK HOLDING E AG | 1.14% | Equity (Foreign) | DE |
| MTX | MTU AERO ENGINES HOLDING AG | 1.14% | Equity (Foreign) | DE |
| BMW | BMW | 1.13% | Equity (Foreign) | DE |
| HNR1 | HANNOVER RUECK | 1.01% | Equity (Foreign) | DE |
| VOW3 | VOLKSWAGEN NON-VOTING PREF AG | 0.87% | Equity (Foreign) | DE |
| SHL | SIEMENS HEALTHINEERS AG | 0.85% | Equity (Foreign) | DE |
| SY1 | SYMRISE AG | 0.81% | Equity (Foreign) | DE |
| VNA | VONOVIA SE | 0.72% | Equity (Foreign) | DE |
| HEN3 | HENKEL & KGAA PREF AG | 0.72% | Equity (Foreign) | DE |
| G1A | GEA GROUP AG | 0.61% | Equity (Foreign) | DE |
| QIA | QIAGEN | 0.54% | Equity (Foreign) | DE |
| CON | CONTINENTAL AG | 0.46% | Equity (Foreign) | DE |
| BEI | BEIERSDORF AG | 0.45% | Equity (Foreign) | DE |
| TLX | TALANX AG | 0.45% | Equity (Foreign) | DE |
| BNR | BRENNTAG | 0.44% | Equity (Foreign) | DE |
| FME | FRESENIUS MEDICAL CARE AG | 0.43% | Equity (Foreign) | DE |
| SRT3 | SARTORIUS PREF AG | 0.41% | Equity (Foreign) | DE |
| HEN | HENKEL AG | 0.40% | Equity (Foreign) | DE |
| KBX | KNORR BREMSE AG | 0.38% | Equity (Foreign) | DE |
| HOT | HOCHTIEF AG | 0.33% | Equity (Foreign) | DE |
| EVK | EVONIK INDUSTRIES AG | 0.33% | Equity (Foreign) | DE |
| HAG | HENSOLDT AG | 0.32% | Equity (Foreign) | DE |
| DHER | DELIVERY HERO | 0.31% | Equity (Foreign) | DE |
| ZAL | ZALANDO | 0.31% | Equity (Foreign) | DE |
| P911 | DR ING HC F PORSCHE PRF AG | 0.28% | Equity (Foreign) | DE |
| LHA | DEUTSCHE LUFTHANSA AG | 0.26% | Equity (Foreign) | DE |
| NEM | NEMETSCHEK | 0.25% | Equity (Foreign) | DE |
| PAH3 | PORSCHE AUTOMOBIL HOLDING PREF | 0.23% | Equity (Foreign) | DE |
| RAA | RATIONAL AG | 0.19% | Equity (Foreign) | DE |
Geographic Breakdown
Non-Equity Breakdown
iShares MSCI Germany ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$1.47B
· 58 total positions
· equity 99.50%
· non-equity 3.35%
Non-equity holdings
— 4 positions,
3.35% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 3.08% | $45.4M | 2 |
| Other | 0.26% | $3.8M | 1 |
| Derivative (equity) | 0.01% | $142067 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -2.18% | -3.47% | 11.49% | -0.92% | 9.66% | 1.29% | 2.65% |
| Feb | 0.76% | -9.91% | -4.31% | 3.86% | 6.28% | 1.98% | -0.22% |
| Mar | 2.99% | 1.28% | 3.53% | 3.15% | -0.22% | -7.55% | 0.53% |
| Apr | 1.97% | -9.09% | 3.08% | -4.00% | 5.90% | 5.12% | 0.50% |
| May | 2.20% | 5.28% | -4.93% | 5.50% | 6.36% | 2.60% | 2.84% |
| Jun | -4.16% | -14.81% | 0.49% | -4.91% | -0.07% | -4.85% | -4.72% |
| Jul | -0.46% | 2.39% | 3.13% | 1.14% | -2.05% | 3.89% | 1.34% |
| Aug | 1.04% | -7.34% | -3.39% | 7.51% | 2.77% | 1.96% | 0.42% |
| Sep | -6.05% | -8.36% | -5.11% | 5.19% | 1.39% | -4.90% | -2.97% |
| Oct | 2.52% | 7.91% | -2.18% | -3.15% | -3.32% | 2.16%* | 0.66% |
| Nov | -6.93% | 15.51% | 12.03% | -0.52% | 0.02% | -- | 4.02% |
| Dec | 3.18% | -3.32% | 3.34% | -2.00% | 4.89% | -- | 1.22% |
| Total | -5.68% | -24.76% | 16.46% | 10.40% | 35.50% | 0.85% | 5.46% |
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: $41.36
SMA 50: $42.64
SMA 200: $42.30
Current: $41.70
EMA 12: $41.37
EMA 26: $41.68
MACD: -0.3065 | Signal: 0.1185
BEARISH
ADX (14): 25.75
TREND
+DI: 33.13
−DI: 32.76
Momentum Oscillators
RSI (14): 49.98
NEUTRAL
Stoch %K: 64.58
Stoch %D: 61.13
Williams %R: -16.96
Volume & Volatility
BB Upper: $42.23
BB Lower: $40.49
NEUTRAL
OBV: 16,649,516
Vol SMA 20: 981,255
Vol ROC: -60.29%
ATR: $0.50
True Range: $0.48
HV 20: 14.1%
HV 30: 14.1%
HV 60: 13.5%
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
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers and primary risks:
- Technical indicators show a moderate uptrend, but recent price action has been consolidating.
- News sentiment is mostly positive, which could provide support for the stock.
- Risk metrics indicate moderate volatility, making it a higher-risk investment.
Investment thesis: EWG's moderate uptrend and positive news sentiment may lead to further consolidation or a potential breakout. However, high risk due to beta and recent price action suggests caution.
Recent news sentiment impact: Positive headlines have contributed to the stock's recent stability, but no significant catalysts are driving the price.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): NEUTRAL; Medium-term (1-3 months): UPTRENDING; Long-term (3-12 months): UPTRENDING
Support/Resistance Levels: Key levels include $43.43 (lower Bollinger Band), $44.04 (SMA 20), and $44.64 (upper Bollinger Band)
Momentum Signals:
- RSI: 53.63 (neutral)
- MACD signal: Bullish (0.29 / Signal: -0.13 / Histogram: 0.42)
- Stochastic %K: 26.50, %D: 20.39 (oversold)
Volume Analysis: Volume trends suggest institutional interest and support for the stock.
News & Sentiment Analysis
Recent Headlines Summary: Positive news headlines have dominated, with themes of progress in addressing child sexual violence, luxury travel destinations, and German spending plans.
Sentiment Assessment: Positive sentiment prevails (8/10)
Catalyst Identification: No significant upcoming events or announcements that could drive the price.
Market Narrative: News aligns mostly with the moderate uptrend, providing support for the stock.
Risk & Volatility Assessment
Beta Interpretation: Beta is 1.00, indicating moderate risk relative to market.
Volatility Regime: Current volatility is moderate (0.18), slightly higher than historical levels.
Options Market Signals:
- IV Rank: Medium (33.4%)
- Put/Call Volume Ratio: Bullish (0.20)
- Put/Call OI Ratio: 1.17
Downside Protection: Support levels are present at $43.43 and $42.24.
Market Context & Positioning
Sector Performance: EWG is outperforming the broader market, but sector performance is neutral.
Institutional Activity: Institutional interest in the stock is moderate, suggesting support for the price.
Correlation Analysis: Stock moves relatively strongly with the market (R-squared = 0.72).
Relative Valuation: Position within trading range suggests a potential breakout or consolidation.
Key Levels & Action Items
Critical Price Levels: $43.43 and $44.04 are key support levels, while $44.64 is a resistance level.
Breakout/Breakdown Levels: A close above $44.64 could trigger a breakout, while a close below $42.24 could indicate a breakdown.
Time-Sensitive Catalysts: No significant events or announcements that could drive the price in the near term.
Risk Management: Consider stop-loss levels at $42.24 and position sizing considerations given moderate volatility and risk.
This comprehensive analysis provides an overview of EWG's technical, news, and risk factors. While recent price action has been consolidating, positive news sentiment and institutional interest suggest support for the stock. However, high risk due to beta and recent price action suggests caution, with key levels at $43.43 and $44.04 providing support and resistance respectively.
Generated
News
All EWG news →
GlobeNewswire Inc.T3·17mo ago
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Showing 1–10 of 22
Page 1 of 3
EWG Options Activity & IV Rank
EWG IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 19.4%
7-DTE IV: —
Expected Move: $1.85
7-DTE Move: $1.85
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 1,035
Put Volume: 1,145
P/C Volume: 1.106
NEUTRAL
Call OI: 756
Put OI: 7,491
P/C OI: 9.909
Total OI: 8,247
ATM Options Pricing
ATM Call: $0.82
ATM Put: $1.02
Call %: 2.0%
Put %: 2.5%
Chain Summary
Chain Volume: 7,595
Chain OI: 50,301
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
TYPICAL γ
Estimated net dealer gamma is at the 30th 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
30%
vs own history
GEX tilt
-0.56
OI-weighted, today
Vanna tilt
+0.66
δ-sensitivity to IV
Charm tilt
-0.68
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 -0.68: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 55 ATM contracts, 36k 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
40%
+7.1
pts
EXTREME
as of Oct 21 · ATM 19.0% / Wing 26.1%
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
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)27.8MediumOct 21
Straddle Price (30 DTE)$1.85Oct 21
Beta Analysis
Risk Metrics
Beta: 1.0222
Alpha: -13.70%
Correlation: 0.7260
R-Squared: 52.7%
Stock Volatility: 17.9%
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
EWG 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.
10 filers$32.45M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $9.73M | 29.98% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $8.07M | 24.86% | 2026-06-30 |
| 3 | Wolverine Trading, LLC Custodian | $6.00M | 18.48% | 2025-09-30 |
| 4 | Walleye Trading LLC | $2.25M | 6.93% | 2026-06-30 |
| 5 | Point72 Asset Management, L.P. | $1.45M | 4.46% | 2026-06-30 |
| 6 | Balyasny Asset Management L.P. | $1.32M | 4.07% | 2026-06-30 |
| 7 | CAPITAL FUND MANAGEMENT S.A. | $1.29M | 3.98% | 2026-06-30 |
| 8 | NOMURA HOLDINGS INC | $1.05M | 3.25% | 2026-06-30 |
| 9 | Jane Street Group, LLC Custodian | $984.61K | 3.03% | 2026-06-30 |
| 10 | TUDOR INVESTMENT CORP ET AL | $310.27K | 0.96% | 2026-06-30 |
11 filers$100.32M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | MARK ASSET MANAGEMENT LP | $41.37M | 41.24% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $19.08M | 19.02% | 2026-06-30 |
| 3 | Pentwater Capital Management LP | $12.41M | 12.37% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $12.17M | 12.13% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $3.69M | 3.68% | 2026-06-30 |
| 6 | Wolverine Trading, LLC Custodian | $3.47M | 3.46% | 2025-09-30 |
| 7 | CAPITAL FUND MANAGEMENT S.A. | $3.04M | 3.04% | 2026-06-30 |
| 8 | Walleye Trading LLC | $1.95M | 1.94% | 2026-06-30 |
| 9 | Balyasny Asset Management L.P. | $1.62M | 1.62% | 2026-06-30 |
| 10 | Point72 Asset Management, L.P. | $1.37M | 1.37% | 2026-06-30 |
| 11 | ZAZOVE ASSOCIATES LLC | $132.24K | 0.13% | 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
3.57M
SI % of Float
9.61%
Days to Cover
3.65
Short Vol Ratio
77.0%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
EWG Constituent Performance
Click any bar to view the full quote for that stock.
EWG Constituents (16 of 50)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| SAP | SAP | 12.38% | $232.73 | +1.64% | +5.55% | +10.50% |
| ALV | ALLIANZ | 9.95% | $115.94 | -1.18% | +2.01% | +0.47% |
| ENR | SIEMENS ENERGY N AG | 6.12% | $22.76 | +2.34% | +3.83% | +3.45% |
| DTE | DEUTSCHE TELEKOM N AG | 5.29% | $129.65 | +0.26% | +1.04% | +5.50% |
| ADS | ADIDAS N AG | 1.55% | $56.8 | +1.16% | -4.86% | -6.85% |
| CBK | COMMERZBANK AG | 1.32% | $31.28 | -0.16% | +0.68% | -0.60% |
| HEI | HEIDELBERG MATERIALS AG | 1.17% | $298.31 | -2.26% | -0.09% | -3.95% |
| MRK | MERCK | 1.15% | $149.88 | +1.07% | +1.70% | +1.22% |
| DTG | DAIMLER TRUCK HOLDING E AG | 1.14% | $14.62 | -1.84% | -1.94% | -6.34% |
| MTX | MTU AERO ENGINES HOLDING AG | 1.14% | $63.23 | +1.07% | +0.19% | -5.46% |
| CON | CONTINENTAL AG | 0.46% | $39.09 | +0.85% | +4.35% | +12.36% |
| TLX | TALANX AG | 0.45% | $10.03 | -10.13% | -5.82% | -11.00% |
| BNR | BRENNTAG | 0.44% | $13.51 | +6.71% | -7.53% | -10.38% |
| EVK | EVONIK INDUSTRIES AG | 0.33% | $0.29 | -32.39% | -53.64% | -50.98% |
| NEM | NEMETSCHEK | 0.25% | $117.18 | +0.32% | +5.04% | -5.16% |
| RAA | RATIONAL AG | 0.19% | $30.27 | +0.40% | +0.53% | +0.05% |