Zacks Investment ResearchT3·17d ago
EWT iShares MSCI Taiwan ETF
ETF 106.17 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.
EWT
$106.17
—
Key stats
$106.17
- 52-Week Range
- $59.96 – $118.47
- YTD
- +63.92%
- IV Rank (30D)
- 46.21
- Straddle Price
- $9.50
- P/C Vol Ratio
- 1.58
- Open
- $108.68
- Day Range
- $105.90 – $108.68
- Volume
- 4,297,262
- Prev Close
- $109.14
About
iShares MSCI Taiwan ETF (EWT) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2000-06-20
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 14, 2026issuer datathrough May 2026flows, SEC filings
International Equity
Single Country#6 of 163 by assets
iShares
Taiwan
Emerging Markets
Index-tracking
- Expense ratio
- 0.59% issuer, Oct 16, 2026
- Assets
- $11.9B issuer-reported, Oct 14, 2026
- Trailing yield
- 2.58% paid annual
- Average daily volume
- $506M 30 sessions
- Holdings
- 82 top 10 are 48.6%
- Listed
- Jun 20, 2000 NYSE Arca
- Last fee change
- +1 bp filed Dec 21, 2023
- Net asset value
- $108.71 issuer, Oct 15, 2026 · closed +0.40% to NAV
- Median bid/ask spread
- 0.01% 30 days, issuer-reported
- 30-day SEC yield
- 0.92% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +86.6% issuer, through Sep 30, 2026 · 3 years +45.5% a year · 5 years +21.8% · 10 years +19.8%
- Distributions, 12 months
- $2.82 a share issuer, through Dec 16, 2025: 36% income · 64% capital gains
- Tracking difference
- -1.58 pts vs index, after fees, FY 2025
Cost37
Liquidity100
Scale100
Diversification39
Moves with. Emerging markets over US (48% of its variance, beta 1.14); US large-cap stocks (42% of its variance, beta 1.41). These factors explain 85% of its daily moves over the last year.
Stated objective. The iShares MSCI Taiwan ETF (the Fund ) seeks to track the investment results of an index composed of Taiwanese equities. (from the fund's prospectus)
All 82 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
daily as of Oct 14, 2026issuer datathrough May 2026SEC filings- Oct 14, 2026
- $0 latest day
- Latest 5 trading days
- $0
- Latest 21 trading days
- +$57M +0.5% of assets
- Year to date
- +$181M +$501M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 14, 2026 | $0 |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | $0 |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | $0 |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | +$57M |
| Sep 22, 2026 | $0 |
| Sep 21, 2026 | $0 |
| Sep 18, 2026 | $0 |
| Sep 17, 2026 | $0 |
| Sep 16, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- May 2026
- +$240M latest reported month
- Latest 3 months
- −$648M −6.0% of assets
- Latest 12 months
- +$363M +3.4% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$240M |
| Apr 2026 | +$89M |
| Mar 2026 | −$977M |
| Feb 2026 | +$246M |
| Jan 2026 | +$217M |
| Dec 2025 | +$61M |
| Nov 2025 | +$233M |
| Oct 2025 | +$59M |
| Sep 2025 | $0 |
| Aug 2025 | −$90M |
| Jul 2025 | −$82M |
| Jun 2025 | +$367M |
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 | |
|---|---|---|---|---|---|
| FLTWFranklin FTSE Taiwan ETF | 85% | 0.19% | $4.9B | +77.8% | compare |
| VEXCVanguard Emerging Markets Ex-China ETF | 43% | 0.07% | $236M | +23.9% | compare |
| EEMOInvesco S&P Emerging Markets Momentum ETF | 41% | 0.29% | $64M | +18.5% | compare |
| AIAiShares Asia 50 ETF | 39% | 0.50% | $4.6B | +40.7% | compare |
| XCNYSPDR Index Shares Fund State Street SPDR S&P Emerging Markets ex-China ETF | 39% | 0.19% | $10M | +20.8% | compare |
Ranked by how much of the two portfolios is the same securities.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | CATCHER TECHNOLOGY CO., LTD. | 0.47% | 0.19% | −50.1% |
| Decrease | Far Eastern New Century Corporation | 0.45% | 0.23% | −23.0% |
| Decrease | Taiwan High Speed Rail Corporation | 0.27% | 0.13% | −28.1% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.8%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 7 active of 38 with agreements; top 3 did 71%
- Created · redeemed
- $1.7B · $1.3B over the fiscal year
- Redemptions in kind
- 99% creations 96% in kind
- Creation unit
- 100,000 shares
- Securities lending
- 10.17% of assets on loan on average; earned 14.9 bp
- Return vs index
- -1.58 pts after fees; -1.58 before; daily s.d. 19.97
- 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 2026-10-14
Holdings
82
AUM
$11.9B
Provider
iShares (BlackRock)
Inception
2000-06-20
Exchange
ARCX
Data As Of
2026-10-14
Expense Ratio
0.59%
Dividend Yield
2.58%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-16 | 2025-12-19 | $2.8161 | CD |
| 2024-12-17 | 2024-12-20 | $1.7178 | CD |
| 2023-12-20 | 2023-12-27 | $5.5270 | CD |
| 2022-12-13 | 2022-12-19 | $7.5576 | CD |
| 2021-12-13 | 2021-12-17 | $1.3932 | CD |
Asset Allocation
Top Holdings
top 50 of 82 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MANUFACTURING | 21.61% | Equity (Foreign) | TW |
| — | MEDIATEK | 6.42% | Equity (Foreign) | TW |
| — | DELTA ELECTRONICS | 3.62% | Equity (Foreign) | TW |
| — | ASE TECHNOLOGY HOLDING | 3.09% | Equity (Foreign) | TW |
| — | HON HAI PRECISION INDUSTRY | 3.06% | Equity (Foreign) | TW |
| — | NAN YA PLASTICS CORP | 2.80% | Equity (Foreign) | TW |
| — | UNIMICRON TECHNOLOGY | 2.15% | Equity (Foreign) | TW |
| — | ELITE MATERIAL | 2.05% | Equity (Foreign) | TW |
| — | UNITED MICRO ELECTRONICS CORP | 2.01% | Equity (Foreign) | TW |
| — | FUBON FINANCIAL HOLDING | 1.74% | Equity (Foreign) | TW |
| — | ASIA VITAL COMPONENTS | 1.72% | Equity (Foreign) | TW |
| — | YAGEO | 1.63% | Equity (Foreign) | TW |
| — | GLOBAL UNICHIP | 1.59% | Equity (Foreign) | TW |
| — | TS FINANCIAL HOLDING | 1.56% | Equity (Foreign) | TW |
| — | ACCTON TECHNOLOGY | 1.53% | Equity (Foreign) | TW |
| — | CTBC FINANCIAL HOLDING | 1.52% | Equity (Foreign) | TW |
| — | CATHAY FINANCIAL HOLDING | 1.31% | Equity (Foreign) | TW |
| — | WIWYNN CORPORATION | 1.28% | Equity (Foreign) | TW |
| — | LARGAN PRECISION LTD | 1.26% | Equity (Foreign) | TW |
| — | JENTECH PRECISION INDUSTRIAL LTD | 1.21% | Equity (Foreign) | TW |
| — | CHROMA ATE INC | 1.21% | Equity (Foreign) | TW |
| — | YUANTA FINANCIAL HOLDING | 1.19% | Equity (Foreign) | TW |
| — | QUANTA COMPUTER | 1.17% | Equity (Foreign) | TW |
| — | ZHEN DING TECHNOLOGY HOLDING LTD | 1.09% | Equity (Foreign) | TW |
| — | ASPEED TECHNOLOGY | 1.07% | Equity (Foreign) | TW |
| — | ASUSTEK COMPUTER INC | 1.03% | Equity (Foreign) | TW |
| — | KING SLIDE WORKS | 1.01% | Equity (Foreign) | TW |
| — | E.SUN FINANCIAL HOLDING | 1.00% | Equity (Foreign) | TW |
| — | INNOLUX CORP | 1.00% | Equity (Foreign) | TW |
| — | KGI FINANCIAL HOLDING | 0.97% | Equity (Foreign) | TW |
| — | SINOPAC FINANCIAL HOLDINGS | 0.91% | Equity (Foreign) | TW |
| — | LITE ON TECHNOLOGY | 0.91% | Equity (Foreign) | TW |
| — | WISTRON | 0.90% | Equity (Foreign) | TW |
| — | ADVANTECH | 0.82% | Equity (Foreign) | TW |
| — | MEGA FINANCIAL HOLDING LTD | 0.81% | Equity (Foreign) | TW |
| — | PHARMAESSENTIA | 0.80% | Equity (Foreign) | TW |
| — | FORMOSA PLASTICS CORP | 0.78% | Equity (Foreign) | TW |
| — | HUA NAN FINANCIAL HOLDINGS | 0.77% | Equity (Foreign) | TW |
| — | GLOBALWAFERS LTD | 0.75% | Equity (Foreign) | TW |
| — | FIRST FINANCIAL HOLDING LTD | 0.74% | Equity (Foreign) | TW |
| — | CHUNGHWA TELECOM LTD | 0.74% | Equity (Foreign) | TW |
| — | GOLD CIRCUIT ELECTRONICS | 0.74% | Equity (Foreign) | TW |
| — | FORMOSA CHEMICALS & FIBRE CORP | 0.73% | Equity (Foreign) | TW |
| — | BIZLINK HOLDING INC | 0.70% | Equity (Foreign) | TW |
| — | REALTEK SEMICONDUCTOR | 0.69% | Equity (Foreign) | TW |
| — | HONPRECISION INC | 0.68% | Equity (Foreign) | TW |
| — | MPI CORP | 0.68% | Equity (Foreign) | TW |
| — | NANYA TECHNOLOGY CORP | 0.67% | Equity (Foreign) | TW |
| — | NOVATEK MICROELECTRONICS | 0.61% | Equity (Foreign) | TW |
| — | UNI-PRESIDENT ENTERPRISES | 0.58% | Equity (Foreign) | TW |
Geographic Breakdown
Non-Equity Breakdown
iShares MSCI Taiwan ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$10.75B
· 89 total positions
· equity 99.65%
· non-equity 10.73%
Non-equity holdings
— 4 positions,
10.73% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 10.45% | $1.12B | 2 |
| Other | 0.28% | $29.6M | 1 |
| Derivative (equity) | 0.00% | $243688 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.90% | -3.39% | 11.03% | -0.71% | 0.21% | 5.08% | 2.52% |
| Feb | 3.25% | -1.87% | -4.48% | 3.05% | -0.39% | 9.76% | 1.55% |
| Mar | 0.47% | -3.41% | 2.53% | 3.88% | -5.51% | -5.53% | -1.26% |
| Apr | 7.01% | -9.07% | -3.68% | -3.40% | -1.49% | 25.32% | 2.45% |
| May | -2.30% | 2.53% | 5.72% | 7.27% | 9.54% | 14.24% | 6.17% |
| Jun | 0.03% | -10.86% | 0.84% | 6.57% | 8.63% | 2.06% | 1.21% |
| Jul | -0.41% | 4.50% | 0.65% | -1.68% | 1.35% | -8.92% | -0.75% |
| Aug | 1.91% | -0.24% | -4.44% | 3.98% | 0.74% | 10.26% | 2.03% |
| Sep | -4.79% | -12.84% | -2.64% | 4.26% | 9.60% | 2.88% | -0.59% |
| Oct | 1.86% | -4.45% | -2.42% | 1.33% | 3.91% | -5.78%* | -0.92% |
| Nov | 2.02% | 20.71% | 10.58% | -3.01% | -3.57% | -- | 5.35% |
| Dec | 1.88% | -20.87% | -6.10% | -4.48% | -0.94% | -- | -6.10% |
| Total | 14.20% | -36.89% | 5.94% | 17.45% | 22.80% | 54.98% | 13.08% |
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: $113.75
SMA 50: $109.98
SMA 200: $91.31
Current: $106.26
EMA 12: $112.04
EMA 26: $111.96
MACD: 0.0842 | Signal: -1.1779
BULLISH
ADX (14): 17.33
RANGE
+DI: 21.12
−DI: 42.65
Momentum Oscillators
RSI (14): 36.07
NEUTRAL
Stoch %K: 9.26
Stoch %D: 16.15
Williams %R: -97.14
Volume & Volatility
BB Upper: $119.08
BB Lower: $108.41
OVERSOLD
OBV: 207,692,961
Vol SMA 20: 5,119,912
Vol ROC: -26.66%
ATR: $2.39
True Range: $3.24
HV 20: 27.3%
HV 30: 28.0%
HV 60: 30.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis
Here is the comprehensive stock analysis report for EWT:
Executive Summary
BULLISH/BEARISH NEUTRAL (Confidence level: 6)
Key drivers: Technical indicators suggest a consolidation phase, while recent news headlines highlight potential catalysts.
Primary risks: High volatility, beta >1.5, and mixed technical signals.
Investment thesis: EWT is trading in a range-bound environment, with a high possibility of breaking out to the upside. The stock's beta and historical volatility are concerning, but recent news sentiment is positive.
Recent news sentiment impact: Positive news headlines from last 10 days have contributed to the stock's recent gains, indicating potential for further upside momentum.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Consolidation phase with a neutral trend.
- Medium-term (1-3 months): Uptrend interrupted by recent correction.
- Long-term (3-12 months): Bullish trend still intact.
Support/Resistance Levels:
- Upper: $106.60
- Middle: $99.08
- Lower: $91.56
Momentum Signals:
- RSI: 53.76 (neutral)
- MACD: Bearish signal due to -0.67 histogram below signal line.
- Bollinger Bands: Neutral signal, with price trading within the middle band.
Volume Analysis:
- Volume SMA 20: 6715158.45
- On-Balance Volume (OBV): 246009982.70
- Volume Rate of Change: 25.75%
News & Sentiment Analysis
Recent Headlines Summary: The news headlines suggest a positive sentiment, highlighting potential catalysts for the stock's growth.
Sentiment Assessment: Positive sentiment dominates the recent news headlines, indicating a bullish bias.
Catalyst Identification: Upcoming events and product launches could be potential drivers of growth.
Market Narrative: The positive news sentiment aligns with the technical signals, suggesting a potential uptrend.
Risk & Volatility Assessment
Risk Interpretation: High risk due to beta >1.5 and high volatility.
Volatility Regime: Current volatility regime is above historical levels.
Options Market Signals: IV rank: 33.4% (Medium) Put/call ratios: Bearish sentiment Unusual activity: None notable
Downside Protection: Support levels: $91.56, $99.08, and $106.60
Market Context & Positioning
Sector Performance: EWT's performance is relative to its sector/market.
Institutional Activity: Volume patterns suggest institutional interest in the stock.
Correlation Analysis: R-squared interpretation indicates a moderate correlation with market movements.
Relative Valuation: The stock trades within a range, indicating a balanced valuation.
Key Levels & Action Items
Critical Price Levels:
- Support: $91.56, $99.08, and $106.60
- Resistance: $101.98 (current price)
Breakout/Breakdown Levels:
- Breakout above $106.60
- Breakdown below $91.56
Time-Sensitive Catalysts: Earnings dates, product launches, and regulatory changes could impact the stock's performance.
Risk Management: Stop-loss levels: $99.08 Position sizing considerations: Conservative approach due to high risk.
Please note that this report is a comprehensive analysis of EWT based on the provided data. It does not contain buy or sell recommendations but rather provides insights into the stock's technical and fundamental signals, recent news sentiment, and market context.
Generated
News
All EWT news →
BenzingaT3·4mo ago
Investing.comT3·4mo ago
BenzingaT3·13mo ago
GlobeNewswire Inc.T3·23mo ago
Zacks Investment ResearchT3·28mo ago
Zacks Investment ResearchT3·29mo ago
Seeking AlphaT3·29mo ago
Zacks Investment ResearchT3·29mo ago
BenzingaT3·29mo ago
Showing 1–10 of 47
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EWT Options Activity & IV Rank
EWT IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 36.5%
7-DTE IV: —
Expected Move: $9.50
7-DTE Move: $0.55
Days to Exp: 35 (2026-11-20)
Options Flow
Call Volume: 3,456
Put Volume: 5,452
P/C Volume: 1.578
BEARISH
Call OI: 1,759
Put OI: 6,822
P/C OI: 3.878
Total OI: 8,581
ATM Options Pricing
ATM Call: $5.05
ATM Put: $4.45
Call %: 4.8%
Put %: 4.2%
Chain Summary
Chain Volume: 16,635
Chain OI: 78,364
Last Updated: 10/16/2026
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 50th 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
50%
vs own history
GEX tilt
-0.03
OI-weighted, today
Vanna tilt
+0.67
δ-sensitivity to IV
Charm tilt
-0.57
δ-decay vs time
Vanna tilt +0.67: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.57: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 54 ATM contracts, 21k 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
20%
+5.7
pts
EXTREME
ATM 36.4% / Wing 42.1%
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)46.2MediumOct 16
Straddle Price (30 DTE)$9.50Oct 16
Beta Analysis
Risk Metrics
Beta: 1.8632
Alpha: 25.72%
Correlation: 0.7417
R-Squared: 55.0%
Stock Volatility: 32.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
EWT 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.
19 filers$634.58M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Avanda Investment Management Pte. Ltd. | $126.75M | 19.97% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $91.81M | 14.47% | 2026-06-30 |
| 3 | Barclays PLC Custodian | $90.54M | 14.27% | 2026-06-30 |
| 4 | Alphadyne Asset Management LP | $59.19M | 9.33% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $58.33M | 9.19% | 2026-06-30 |
| 6 | UBS Group AG Custodian | $39.59M | 6.24% | 2026-06-30 |
| 7 | Oribel Capital Management, LP | $33.17M | 5.23% | 2026-06-30 |
| 8 | Walleye Trading LLC | $29.59M | 4.66% | 2026-06-30 |
| 9 | PEAK6 LLC | $28.69M | 4.52% | 2026-06-30 |
| 10 | TUDOR INVESTMENT CORP ET AL | $20.09M | 3.17% | 2026-06-30 |
| 11 | Jane Street Group, LLC Custodian | $18.90M | 2.98% | 2026-06-30 |
| 12 | Citigroup Inc. Custodian | $13.58M | 2.14% | 2026-06-30 |
| 13 | BOOTHBAY FUND MANAGEMENT, LLC | $10.90M | 1.72% | 2026-06-30 |
| 14 | Point72 Asset Management, L.P. | $5.05M | 0.80% | 2026-06-30 |
| 15 | Balyasny Asset Management L.P. | $4.02M | 0.63% | 2026-06-30 |
| 16 | Squarepoint Ops LLC | $3.04M | 0.48% | 2026-06-30 |
| 17 | Brevan Howard Capital Management LP | $803.71K | 0.13% | 2026-06-30 |
| 18 | Twin Tree Management, LP | $282.39K | 0.04% | 2026-06-30 |
| 19 | NOMURA HOLDINGS INC | $260.66K | 0.04% | 2026-06-30 |
13 filers$153.64M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $58.16M | 37.86% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $25.63M | 16.68% | 2026-06-30 |
| 3 | SONA ASSET MANAGEMENT (US) LLC | $14.08M | 9.16% | 2026-06-30 |
| 4 | Arrowpoint Investment Partners (Singapore) Pte. Ltd. | $12.16M | 7.92% | 2026-06-30 |
| 5 | PEAK6 LLC | $10.89M | 7.09% | 2026-06-30 |
| 6 | UBS Group AG Custodian | $9.99M | 6.50% | 2026-06-30 |
| 7 | Citigroup Inc. Custodian | $7.60M | 4.95% | 2026-06-30 |
| 8 | Point72 Asset Management, L.P. | $5.62M | 3.65% | 2026-06-30 |
| 9 | DRW Securities, LLC | $3.02M | 1.97% | 2026-06-30 |
| 10 | Jane Street Group, LLC Custodian | $2.99M | 1.94% | 2026-06-30 |
| 11 | Squarepoint Ops LLC | $2.19M | 1.43% | 2026-06-30 |
| 12 | Brevan Howard Capital Management LP | $803.71K | 0.52% | 2026-06-30 |
| 13 | Wolverine Trading, LLC Custodian | $498.33K | 0.32% | 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
6.61M
SI % of Float
6.05%
Days to Cover
1.47
Short Vol Ratio
57.3%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-16
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|