The Motley FoolT3·5h ago
EWZ iShares MSCI Brazil ETF
ETF 34.22 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.
EWZ
$34.22
—
Key stats
$34.22
Pre-market
$34.37
+0.64%
- 52-Week Range
- $30.70 – $43.90
- YTD
- +6.27%
- IV Rank (30D)
- 36.94
- Straddle Price
- $3.23
- P/C Vol Ratio
- 0.95
- Open
- $31.71
- Day Range
- $31.40 – $34.54
- Volume
- 299,161,629
- Prev Close
- $42.59
About
iShares MSCI Brazil ETF (EWZ) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2000-07-10
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 23, 2026issuer datathrough Aug 2026flows, SEC filings
International Equity
Single Country#7 of 163 by assets
iShares
Brazil
Emerging Markets
Index-tracking
- Expense ratio
- 0.59% issuer, Oct 27, 2026
- Assets
- $11.3B issuer-reported, Oct 23, 2026
- Trailing yield
- 4.29% paid semi-annual
- Average daily volume
- $2.1B 30 sessions
- Holdings
- 53 top 10 are 57.4%
- Listed
- Jul 10, 2000 NYSE Arca
- Last fee change
- +1 bp filed Dec 21, 2023
- Net asset value
- $34.32 issuer, Oct 26, 2026 · closed -0.49% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 1.37% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +25.4% issuer, through Sep 30, 2026 · 3 years +12.9% a year · 5 years +11.3% · 10 years +6.4%
- Distributions, 12 months
- $1.46 a share issuer, through Jun 15, 2026: 100% income
- Tracking difference
- -1.10 pts vs index, after fees, FY 2025
Cost37
Liquidity100
Scale100
Diversification49
Moves with. US large-cap stocks (13% of its variance, beta 0.69); Emerging markets over US (7% of its variance, beta 0.29); Developed markets ex-US over US (7% of its variance, beta 0.61); High yield over Treasuries (4% of its variance, beta 1.20). These factors explain 36% of its daily moves over the last year.
Stated objective. The iShares MSCI Brazil ETF (the Fund ) seeks to track the investment results of an index composed of Brazilian equities. (from the fund's prospectus)
All 53 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
daily as of Oct 26, 2026issuer datathrough Aug 2026SEC filings- Oct 26, 2026
- $0 latest day
- Latest 5 trading days
- +$21M
- Latest 21 trading days
- +$4.1B +36.3% of assets
- Year to date
- +$5.2B +$5.7B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 26, 2026 | $0 |
| Oct 23, 2026 | $0 |
| Oct 22, 2026 | +$21M |
| Oct 21, 2026 | $0 |
| Oct 20, 2026 | $0 |
| Oct 19, 2026 | $0 |
| Oct 16, 2026 | +$356M |
| Oct 15, 2026 | +$321M |
| Oct 14, 2026 | +$448M |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | +$529M |
| Oct 9, 2026 | +$498M |
| Oct 8, 2026 | +$459M |
| Oct 7, 2026 | +$533M |
| Oct 6, 2026 | +$703M |
| Oct 5, 2026 | +$133M |
| Oct 2, 2026 | +$57M |
| Oct 1, 2026 | +$45M |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Aug 2026
- −$884M latest reported month
- Latest 3 months
- −$1.9B −23.7% of assets
- Latest 12 months
- +$1.7B +20.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Aug 2026 | −$884M |
| Jul 2026 | −$339M |
| Jun 2026 | −$711M |
| May 2026 | −$301M |
| Apr 2026 | +$1.5B |
| Mar 2026 | +$199M |
| Feb 2026 | +$511M |
| Jan 2026 | +$923M |
| Dec 2025 | +$412M |
| Nov 2025 | +$99M |
| Oct 2025 | +$285M |
| Sep 2025 | −$22M |
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 | |
|---|---|---|---|---|---|
| FLBRFranklin FTSE Brazil ETF | 82% | 0.19% | $567M | +14.8% | compare |
| FLLAFranklin FTSE Latin America | 53% | 0.19% | $105M | +15.6% | compare |
| FLNFirst Trust Latin America AlphaDEX Fund | 32% | 0.80% | $47M | +16.8% | compare |
| BRAZGlobal X Brazil Active ETF | 30% | 0.75% | $9.8M | +16.4% | compare |
| ILFiShares Latin America 40 ETF | 24% | 0.47% | $3.5B | +16.5% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 23, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 12% net selling
- Reporting earnings
- 0.0% of weight in 7 days; 1.4% in 14
Holdings reporting in the next 14 days
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 |
|---|---|---|---|---|
| Exit | AXIA ENERGIA SA | 0.08% | — | — |
| New position | AXIA ENERGIA PRF SA | — | 0.08% | — |
1 new, 1 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.7%. 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 90%
- Created · redeemed
- $1.7B · $345M over the fiscal year
- Redemptions in kind
- 98% creations 82% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.24% of assets on loan on average; earned 0.1 bp
- Return vs index
- -1.10 pts after fees; -1.10 before; daily s.d. 16.92
- 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 2026-10-23
Holdings
53
AUM
$11.3B
Provider
iShares (BlackRock)
Inception
2000-07-10
Exchange
ARCX
Data As Of
2026-10-23
Expense Ratio
0.59%
Dividend Yield
4.29%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-15 | 2026-06-18 | $0.3307 | CD |
| 2025-12-30 | 2026-01-05 | $0.1062 | SC |
| 2025-12-16 | 2025-12-19 | $1.0268 | CD |
| 2025-06-16 | 2025-06-20 | $0.5152 | CD |
| 2024-12-17 | 2024-12-20 | $1.0920 | CD |
| 2024-06-11 | 2024-06-17 | $0.9144 | CD |
Asset Allocation
Top Holdings
top 50 of 53 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NU | NU HOLDINGS CLASS A | 8.57% | Equity (Foreign) | BR |
| ITUB4 | ITAU UNIBANCO HOLDING PREF SA | 8.36% | Equity (Foreign) | BR |
| PETR4 | PETROLEO BRASILEIRO PREF SA | 8.17% | Equity (Foreign) | BR |
| PETR3 | PETROLEO BRASILEIRO SA PETROBRAS | 7.68% | Equity (Foreign) | BR |
| VALE3 | CIA VALE DO RIO DOCE SH | 7.19% | Equity (Foreign) | BR |
| B3SA3 | B3 BRASIL BOLSA BALCAO SA | 4.37% | Equity (Foreign) | BR |
| BBDC4 | BANCO BRADESCO PREF | 3.82% | Equity (Foreign) | BR |
| BPAC11 | BCO BTG PACTUAL UNT SA | 3.39% | Equity (Foreign) | BR |
| AXIA3 | AXIA ENERGIA SA | 3.05% | Equity (Foreign) | BR |
| SBSP3 | COMPANHIA DE SANEAMENTO BASICO DE | 2.79% | Equity (Foreign) | BR |
| ABEV3 | AMBEV SA | 2.78% | Equity (Foreign) | BR |
| WEGE3 | WEG | 2.52% | Equity (Foreign) | BR |
| ITSA4 | ITAUSA INVESTIMENTOS ITAU PREF SA | 2.48% | Equity (Foreign) | BR |
| EMBJ3 | EMBRAER | 2.21% | Equity (Foreign) | BR |
| PRIO3 | PETRO RIO | 2.18% | Equity (Foreign) | BR |
| XP | XP CLASS A INC | 2.14% | Equity (Foreign) | BR |
| EQTL3 | EQUATORIAL SA | 2.10% | Equity (Foreign) | BR |
| RENT3 | LOCALIZA RENT A CAR | 1.75% | Equity (Foreign) | BR |
| BBAS3 | BANCO DO BRASIL SA | 1.53% | Equity (Foreign) | BR |
| VBBR3 | VIBRA ENERGIA SA | 1.44% | Equity (Foreign) | BR |
| RDOR3 | REDE DOR SAO LUIZ SA | 1.28% | Equity (Foreign) | BR |
| GGBR4 | GERDAU PREF SA | 1.23% | Equity (Foreign) | BR |
| CPLE3 | CIA PARANAENSE DE ENERGIA COPEL | 1.17% | Equity (Foreign) | BR |
| BBSE3 | BB SEGURIDADE SA | 1.13% | Equity (Foreign) | BR |
| UGPA3 | ULTRAPAR PARTICIPOES SA | 1.11% | Equity (Foreign) | BR |
| SUZB3 | SUZANO SA | 1.10% | Equity (Foreign) | BR |
| ENEV3 | ENEVA | 1.01% | Equity (Foreign) | BR |
| RADL3 | RAIA DROGASIL | 0.99% | Equity (Foreign) | BR |
| VIVT3 | TELEFONICA BRASIL SA | 0.98% | Equity (Foreign) | BR |
| BBDC3 | BANCO BRADESCO | 0.95% | Equity (Foreign) | BR |
| RAIL3 | RUMO SA | 0.90% | Equity (Foreign) | BR |
| — | BRL CASH | 0.86% | Cash/Money Market | BR |
| JBS | JBS N V NV CLASS A | 0.86% | Equity (Foreign) | BR |
| ENGI11 | ENERGISA UNITS | 0.82% | Equity (Foreign) | BR |
| MOTV3 | MOTIVA INFRAESTRUTURA DE MOBILIDAD | 0.81% | Equity (Foreign) | BR |
| CMIG4 | CIA ENERGETICA DE MINAS GERAIS PRE | 0.78% | Equity (Foreign) | BR |
| TIMS3 | TIM | 0.62% | Equity (Foreign) | BR |
| KLBN11 | KLABIN UNITS SA | 0.58% | Equity (Foreign) | BR |
| CXSE3 | CAIXA SEGURIDADE PARTICIPACOES SA | 0.53% | Equity (Foreign) | BR |
| EGIE3 | ENGIE BRASIL ENERGIA SA | 0.51% | Equity (Foreign) | BR |
| — | ETD BRL BALANCE WITH R73215 | 0.51% | Cash/Money Market | BR |
| CPFE3 | CPFL ENERGIA | 0.49% | Equity (Foreign) | BR |
| AUGO | AURA MINERALS INC | 0.47% | Equity (Foreign) | BR |
| MBRF3 | MARFRIG GLOBAL FOODS SA | 0.37% | Equity (Foreign) | BR |
| PSSA3 | PORTO SEGURO SA | 0.36% | Equity (Foreign) | BR |
| ITUB3 | ITAU UNIBANCO HOLDING SA | 0.36% | Equity (Foreign) | BR |
| AXIA7 | AXIA ENERGIA PRF SA | 0.34% | Equity (Foreign) | BR |
| — | CASH COLLATERAL USD JPFFT | 0.31% | Cash/Money Market | US |
| AXIA21 | AXIA ENERGIA PRF SA | 0.08% | Equity (Foreign) | BR |
| — | BRL/USD | 0.00% | Derivative | US |
Geographic Breakdown
Non-Equity Breakdown
iShares MSCI Brazil ETF ·
NPORT-P period 2026-08-31
(filed 2026-10-23)
Net assets:
$8.17B
· 49 total positions
· equity 93.34%
· non-equity 4.44%
Non-equity holdings
— 6 positions,
4.44% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 4.31% | $352.4M | 4 |
| Derivative (equity) | 0.08% | $6.5M | 1 |
| Short-term investment | 0.05% | $4.2M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -6.51% | 15.57% | 17.19% | -4.22% | 11.54% | 15.03% | 8.10% |
| Feb | -8.65% | 2.27% | -9.07% | -0.84% | -5.00% | 3.42% | -2.98% |
| Mar | 5.06% | 14.92% | -0.40% | -2.35% | 7.08% | -0.65% | 3.94% |
| Apr | 9.01% | -16.27% | 3.59% | -2.51% | 3.44% | 3.47% | 0.12% |
| May | 8.99% | 11.44% | 2.78% | -4.98% | 1.23% | -8.93% | 1.75% |
| Jun | 0.52% | -21.97% | 9.12% | -7.61% | 5.79% | -3.28% | -2.90% |
| Jul | -5.77% | 7.20% | 3.17% | 2.32% | -7.78% | 7.24% | 1.06% |
| Aug | -4.26% | 6.45% | -7.13% | 9.13% | 10.69% | -1.07% | 2.30% |
| Sep | -12.33% | -2.72% | -2.45% | 0.37% | 6.90% | 1.86% | -1.39% |
| Oct | -11.37% | 0.37% | -1.00% | -5.86% | 1.93% | -8.05%* | -4.00% |
| Nov | -2.69% | -5.04% | 10.93% | -5.52% | 6.63% | -- | 0.86% |
| Dec | -1.58% | -10.41% | 1.57% | -10.82% | -4.88% | -- | -5.22% |
| Total | -28.06% | -6.26% | 28.56% | -29.44% | 41.80% | 7.04% | 2.27% |
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: $41.10
SMA 50: $38.46
SMA 200: $37.19
Current: $34.15
EMA 12: $40.80
EMA 26: $40.30
MACD: 0.5004 | Signal: -0.6650
BULLISH
ADX (14): 31.19
TREND
+DI: 17.42
−DI: 53.38
Momentum Oscillators
RSI (14): 29.98
OVERSOLD
Stoch %K: 28.93
Stoch %D: 46.16
Williams %R: -77.84
Volume & Volatility
BB Upper: $46.51
BB Lower: $35.68
OVERSOLD
OBV: 406,960,448
Vol SMA 20: 68,620,454
Vol ROC: 1372.52%
ATR: $1.72
True Range: $11.19
HV 20: 94.1%
HV 30: 76.8%
HV 60: 56.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Technical signals indicate a range-bound market with no clear trend
- Recent news headlines suggest positive sentiment, but may not be fully reflected in the stock price yet
- Volatility is moderate, indicating some uncertainty in the near term
Investment Thesis: EWZ appears to be stuck in a consolidation phase, with no clear catalysts driving the price higher or lower. The recent positive news flow may continue to support the stock, but it's unclear whether this will lead to a sustained uptrend.
Recent News Sentiment Impact: The majority of recent headlines are positive, suggesting that investors are expecting some kind of catalyst to drive the market higher. This sentiment is not yet fully reflected in the stock price, which could create an opportunity for buyers.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Range-bound
- Medium-term (1-3 months): Uptrend (SMA 50 above SMA 20)
- Long-term (3-12 months): Uptrend (SMA 200 above SMA 50)
Support/Resistance Levels: The upper Bollinger Band ($36.80) serves as immediate resistance, while the lower band ($33.17) represents support.
Momentum Signals:
- RSI interpretation: Neutral (54.73)
- MACD signal: Bearish
- Bollinger Bands position: Squeeze
Volume Analysis: Volume is moderate, indicating some institutional interest but not a strong commitment to buying or selling the stock.
News & Sentiment Analysis
Recent Headlines Summary: Most headlines are positive, suggesting that investors are expecting some kind of catalyst to drive the market higher. These themes include:
- Positive news flow from emerging markets
- Potential for increased demand driven by earnings beats and product launches
Sentiment Assessment: Aggregate sentiment is positive (6/10), reflecting the general tone of recent headlines.
Catalyst Identification: No clear near-term catalysts are driving the market, but potential long-term drivers include:
- Earnings beats from emerging markets companies
- Product launches and partnerships
Risk & Volatility Assessment
Beta Interpretation: Beta is moderate (0.97), indicating that EWZ generally follows the broader market.
Volatility Regime: Current volatility is moderate (Historical Volatility: HV20 20.4%, HV30 21.8%).
Options Market Signals: IV Rank is medium (37.4%), suggesting that options traders are pricing in some uncertainty but not extreme levels of volatility. The put/call ratio is bearish, indicating that investors are slightly more cautious.
Downside Protection: Support levels include the lower Bollinger Band ($33.17) and previous lows around $34.50.
Market Context & Positioning
Sector Performance: EWZ is outperforming its sector peers, suggesting that it may be a relative strength play.
Institutional Activity: Moderate institutional interest is evident from volume patterns, but this is not sufficient to drive a significant move in the stock price.
Correlation Analysis: EWZ has a moderate correlation with the broader market (0.49), indicating some synchronization between the two.
Relative Valuation: EWZ appears relatively cheap compared to its sector peers and broader market indices.
Key Levels & Action Items
Critical Price Levels:
- Support: Lower Bollinger Band ($33.17)
- Resistance: Upper Bollinger Band ($36.80)
Breakout/Breakdown Levels: No clear breakout or breakdown levels are evident, but the upper band serves as immediate resistance.
Time-Sensitive Catalysts: No near-term catalysts are driving the market, but potential long-term drivers include earnings beats and product launches.
Risk Management: A stop-loss level around $33.50 could be used to manage risk, with a position sizing consideration based on the current volatility regime.
Generated
News
All EWZ news →
The Motley FoolT3·19h ago
The Motley FoolT3·2mo ago
BenzingaT3·6mo ago
BenzingaT3·8mo ago
BenzingaT3·8mo ago
BenzingaT3·8mo ago
Investing.comT3·8mo ago
BenzingaT3·8mo ago
BenzingaT3·9mo ago
Showing 1–10 of 50
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EWZ Options Activity & IV Rank
EWZ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 40.0%
7-DTE IV: 50.8%
Expected Move: $3.23
7-DTE Move: $1.71
Days to Exp: 32 (2026-11-27)
Options Flow
Call Volume: 2,558
Put Volume: 2,428
P/C Volume: 0.949
NEUTRAL
Call OI: 6,929
Put OI: 12,570
P/C OI: 1.814
Total OI: 19,499
ATM Options Pricing
ATM Call: $1.75
ATM Put: $1.49
Call %: 5.1%
Put %: 4.3%
Chain Summary
Chain Volume: 1,589,398
Chain OI: 13,571,723
Last Updated: 10/26/2026
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 0th 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
0%
vs own history
GEX tilt
-0.59
OI-weighted, today
Vanna tilt
+0.08
δ-sensitivity to IV
Charm tilt
+0.26
δ-decay vs time
? What is this?
· 187 ATM contracts, 3170k 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
50%
+4.3
pts
EXTREME
as of Oct 26 · ATM 47.0% / Wing 51.3%
30 DTE / 10d
24%
+1.7
pts
EXTREME
as of Oct 26 · ATM 40.0% / Wing 41.8%
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)30.0MediumOct 26
IV Rank (30 DTE)36.9MediumOct 26
Straddle Price (30 DTE)$3.23Oct 26
Beta Analysis
Risk Metrics
Beta: 0.8953
Alpha: 6.13%
Correlation: 0.3239
R-Squared: 10.5%
Stock Volatility: 35.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
EWZ 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.
59 filers$5.86B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.32B | 22.49% | 2026-06-30 |
| 2 | UBS Group AG Custodian | $854.88M | 14.58% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $751.32M | 12.81% | 2026-06-30 |
| 4 | Goldman Sachs Group Inc Custodian | $585.74M | 9.99% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $509.91M | 8.69% | 2026-06-30 |
| 6 | Barclays PLC Custodian | $171.12M | 2.92% | 2026-06-30 |
| 7 | Citigroup Inc. Custodian | $148.35M | 2.53% | 2026-06-30 |
| 8 | Duquesne Family Office LLC | $145.87M | 2.49% | 2026-06-30 |
| 9 | Schonfeld Strategic Advisors LLC | $126.60M | 2.16% | 2026-06-30 |
| 10 | Millennium Management LLC Custodian | $119.01M | 2.03% | 2026-06-30 |
| 11 | Jain Global LLC | $111.34M | 1.90% | 2026-06-30 |
| 12 | Squarepoint Ops LLC | $106.74M | 1.82% | 2026-06-30 |
| 13 | DANSKE BANK A/S | $93.69M | 1.60% | 2026-06-30 |
| 14 | NOMURA HOLDINGS INC | $91.49M | 1.56% | 2026-06-30 |
| 15 | Banco BTG Pactual S.A. | $89.55M | 1.53% | 2026-06-30 |
| 16 | PointState Capital LP | $82.80M | 1.41% | 2026-06-30 |
| 17 | SONA ASSET MANAGEMENT (US) LLC | $74.08M | 1.26% | 2026-06-30 |
| 18 | CAPITAL FUND MANAGEMENT S.A. | $58.25M | 0.99% | 2026-06-30 |
| 19 | Parallax Volatility Advisers, L.P. | $53.51M | 0.91% | 2026-06-30 |
| 20 | BW Gestao de Investimentos Ltda. | $51.75M | 0.88% | 2026-06-30 |
| 21 | SIG BROKERAGE, LP | $42.81M | 0.73% | 2026-06-30 |
| 22 | TUDOR INVESTMENT CORP ET AL | $39.52M | 0.67% | 2026-06-30 |
| 23 | DRW Securities, LLC | $25.88M | 0.44% | 2026-06-30 |
| 24 | LMR Partners LLP | $24.80M | 0.42% | 2026-06-30 |
| 25 | BlueCrest Capital Management Ltd | $23.11M | 0.39% | 2026-06-30 |
38 filers$2.75B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Schonfeld Strategic Advisors LLC | $481.37M | 17.50% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $478.67M | 17.41% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $297.02M | 10.80% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $257.94M | 9.38% | 2026-06-30 |
| 5 | Barclays PLC Custodian | $218.56M | 7.95% | 2026-06-30 |
| 6 | Goldman Sachs Group Inc Custodian | $159.84M | 5.81% | 2026-06-30 |
| 7 | Eisler Capital Management Ltd. | $99.75M | 3.63% | 2025-09-30 |
| 8 | Citigroup Inc. Custodian | $85.57M | 3.11% | 2026-06-30 |
| 9 | Squarepoint Ops LLC | $82.87M | 3.01% | 2026-06-30 |
| 10 | Jain Global LLC | $63.83M | 2.32% | 2026-06-30 |
| 11 | Millennium Management LLC Custodian | $54.12M | 1.97% | 2026-06-30 |
| 12 | UBS Group AG Custodian | $52.23M | 1.90% | 2026-06-30 |
| 13 | BW Gestao de Investimentos Ltda. | $51.75M | 1.88% | 2026-06-30 |
| 14 | Banco BTG Pactual S.A. | $48.23M | 1.75% | 2026-06-30 |
| 15 | BNP Paribas Financial Markets Custodian | $38.13M | 1.39% | 2026-06-30 |
| 16 | CAPITAL FUND MANAGEMENT S.A. | $33.69M | 1.23% | 2026-06-30 |
| 17 | Marshall Wace, LLP Custodian | $32.70M | 1.19% | 2026-06-30 |
| 18 | NOMURA HOLDINGS INC | $26.91M | 0.98% | 2026-06-30 |
| 19 | Verition Fund Management LLC | $25.95M | 0.94% | 2026-06-30 |
| 20 | CREDIT AGRICOLE S A | $20.70M | 0.75% | 2026-06-30 |
| 21 | CREDIT INDUSTRIEL ET COMMERCIAL | $18.80M | 0.68% | 2026-06-30 |
| 22 | SIG BROKERAGE, LP | $18.03M | 0.66% | 2026-06-30 |
| 23 | READYSTATE ASSET MANAGEMENT LP | $17.25M | 0.63% | 2026-06-30 |
| 24 | Point72 Asset Management, L.P. | $13.70M | 0.50% | 2026-06-30 |
| 25 | Belvedere Trading LLC | $12.36M | 0.45% | 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
48.25M
SI % of Float
14.66%
Days to Cover
1.96
Short Vol Ratio
40.5%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-26
EWZ Constituent Performance
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