Zacks Investment ResearchT3·43mo ago
FDEM Fidelity Emerging Markets Multifactor ETF
ETF 34.33 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.
FDEM
$34.33
—
Key stats
$34.33
- 52-Week Range
- $29.57 – $38.32
- YTD
- +8.57%
- IV Rank (30D)
- 11.18
- Straddle Price
- $2.02
- Open
- $34.42
- Day Range
- $34.15 – $34.48
- Volume
- 62,094
- Prev Close
- $34.23
About
Fidelity Emerging Markets Multifactor ETF (FDEM) ETF
No description available.
- Exchange
- BATS
- Inception
- 2019-02-26
- Has Options
- Yes
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.25% issuer, Oct 22, 2026
- Assets
- $505M issuer-reported, Oct 20, 2026
- Trailing yield
- 3.39% paid quarterly
- Average daily volume
- $5.0M 30 sessions
- Holdings
- 238 top 10 are 33.7%
- Listed
- Feb 26, 2019 Cboe BZX
- Last fee change
- -20 bp filed Nov 9, 2023
- Net asset value
- $34.34 issuer, Oct 21, 2026
- 30-day SEC yield
- 2.34% issuer, Oct 19, 2026
- Tracking difference
- -0.73 pts vs index, after fees, FY 2025
Cost81
Liquidity56
Scale63
Diversification67
Moves with. Emerging markets over US (57% of its variance, beta 0.82); US large-cap stocks (35% of its variance, beta 0.79). These factors explain 95% of its daily moves over the last year.
Stated objective. Fidelity Emerging Markets Multifactor ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Emerging Markets Multifactor Index?. (from the fund's prospectus)
All 238 holdingsFlow historySimilar fundsOverlap toolAll Emerging Markets ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- $0 latest reported month
- Latest 3 months
- +$59M +10.1% of assets
- Latest 12 months
- +$298M +51.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | $0 |
| Jun 2026 | +$1K |
| May 2026 | +$59M |
| Apr 2026 | $0 |
| Mar 2026 | $0 |
| Feb 2026 | +$48M |
| Jan 2026 | +$46M |
| Dec 2025 | +$67M |
| Nov 2025 | +$42M |
| Oct 2025 | +$12M |
| Sep 2025 | +$12M |
| Aug 2025 | +$12M |
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 | |
|---|---|---|---|---|---|
| DIEMFranklin Emerging Market Core Dividend Tilt Index ETF | 41% | 0.19% | $90M | +24.6% | compare |
| GEMGoldman Sachs ActiveBeta Emerging Markets Equity ETF | 41% | 0.35% | $1.7B | +16.2% | compare |
| BBEMJPMorgan BetaBuilders Emerging Markets Equity ETF | 40% | 0.15% | $835M | +11.7% | compare |
| EEMiShares MSCI Emerging Markets ETF | 40% | 0.72% | $29.6B | +15.8% | compare |
| GSEEGoldman Sachs MarketBeta Emerging Markets Equity ETF | 40% | 0.36% | $129M | +13.9% | compare |
Ranked by how much of the two portfolios is the same securities.
What changed in the portfolio
Oct 13, 2026 → Oct 14, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | PTT EXPLORATION & PROD NVDR | 0.91% | 0.84% | −11.3% |
| Decrease | KING SLIDE WORKS CO LTD | 0.24% | 0.18% | −25.0% |
| Decrease | LARGAN PRECISION CO LTD | 0.30% | 0.25% | −14.3% |
| Decrease | HON PRECISION INC | 0.22% | 0.17% | −16.7% |
| Decrease | GENIUS ELECTRONICS OPT CO LTD | 0.20% | 0.15% | −14.3% |
| Decrease | ASIA VITAL COMPONENTS CO LTD | 0.35% | 0.32% | −11.1% |
| Decrease | ACCTON TECHNOLOGY CORP | 0.32% | 0.28% | −11.5% |
| Decrease | BANGKOK BANK PUBLIC CO NVDR | 0.31% | 0.27% | −11.3% |
| Decrease | KRUNG THAI BANK (NVDR) | 0.31% | 0.28% | −11.5% |
| Decrease | PHISON ELECTRONICS CORP | 0.16% | 0.14% | −14.3% |
0 new, 0 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 Oct 31, 2025SEC census- Authorized participants
- 6 active of 24 with agreements; top 3 did 88%
- Created · redeemed
- $141M · $23M over the fiscal year
- Redemptions in kind
- 100% creations 8% in kind
- Creation unit
- 200,000 shares
- Securities lending
- 0.40% of assets on loan on average; earned 0.8 bp
- Return vs index
- -0.73 pts after fees; -0.40 before; daily s.d. 4.96
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
238
AUM
$504.7M
Provider
Fidelity
Inception
2019-02-26
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.25%
Dividend Yield
3.39%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-18 | 2026-09-22 | $0.3790 | CD |
| 2026-06-18 | 2026-06-23 | $0.4040 | CD |
| 2026-03-20 | 2026-03-24 | $0.1570 | CD |
| 2025-12-19 | 2025-12-23 | $0.2250 | CD |
| 2025-09-19 | 2025-09-23 | $0.2770 | CD |
| 2025-06-20 | 2025-06-24 | $0.3430 | CD |
Asset Allocation
Top Holdings
top 50 of 238 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TAIWAN SEMICONDUCTOR MFG CO LT | 12.55% | Equity (Foreign) | TW |
| — | SAMSUNG ELECTRONICS CO LTD | 6.17% | Equity (Foreign) | KR |
| — | SK HYNIX INC | 3.46% | Equity (Foreign) | KR |
| — | PETROLEO BRASILEIRO SA - PETRO | 1.90% | Equity (Foreign) | BR |
| — | CHINA RESOURCES MIXC LIFESTYLE | 1.89% | Equity (Foreign) | CN |
| — | EMAAR DEVELOPMENT PJSC | 1.77% | Equity (Foreign) | AE |
| — | FIBRA UNO ADMINISTRACION SA | 1.65% | Equity (Foreign) | MX |
| — | MEDIA TEK INC | 1.51% | Equity (Foreign) | TW |
| — | BUMRUNGRAD HOSPITAL PLC NVDR | 1.42% | Equity (Foreign) | TH |
| — | WUXI APPTEC CO LTD H | 1.40% | Equity (Foreign) | CN |
| — | AUROBINDO PHARMACEUTICALS LTD | 1.14% | Equity (Foreign) | IN |
| — | SUN PHARMA IND LTD(DEMAT) | 1.12% | Equity (Foreign) | IN |
| — | PETROCHINA CO LTD H | 1.09% | Equity (Foreign) | CN |
| — | SINOPHARM GROUP CO LTD H | 1.07% | Equity (Foreign) | CN |
| — | INNER MONGOLIA YITAI COAL CL B | 1.03% | Equity (Foreign) | CN |
| — | SASOL LTD | 1.00% | Equity (Foreign) | ZA |
| — | ASIA CEMENT CORP | 0.99% | Equity (Foreign) | TW |
| — | RICHTER GEDEON NYRT | 0.96% | Equity (Foreign) | HU |
| — | CHINA CONSTRUCTION BANK CORP H | 0.95% | Equity (Foreign) | CN |
| — | CHINA SHENHUA ENERGY CO H | 0.94% | Equity (Foreign) | CN |
| — | GOLD FIELDS LTD | 0.92% | Equity (Foreign) | ZA |
| — | PTT EXPLORATION & PROD NVDR | 0.88% | Equity (Foreign) | TH |
| — | COAL INDIA LTD | 0.87% | Equity (Foreign) | IN |
| — | GRUPO MEXICO SAB DE CV SER B | 0.86% | Equity (Foreign) | MX |
| — | UNITED TRACTORS PT | 0.82% | Equity (Foreign) | ID |
| — | VALE S.A. | 0.82% | Equity (Foreign) | BR |
| — | VEDANTA LTD | 0.80% | Equity (Foreign) | IN |
| — | H WORLD GROUP LTD | 0.79% | Equity (Foreign) | CN |
| — | PRESS METAL ALUMINIUM HOLDINGS | 0.77% | Equity (Foreign) | MY |
| — | ANTA SPORTS PRODUCTS LTD | 0.77% | Equity (Foreign) | CN |
| — | EXXARO RESOURCES LTD | 0.73% | Equity (Foreign) | ZA |
| — | MIDEA GROUP CO LTD H | 0.73% | Equity (Foreign) | CN |
| — | DELTA ELECTRONICS IND CO LTD | 0.73% | Equity (Foreign) | TW |
| — | NMDC LTD | 0.72% | Equity (Foreign) | IN |
| — | TCL ELECTRONICS HOLDINGS LTD | 0.71% | Equity (Foreign) | CN |
| — | EICHER MOTORS LTD | 0.70% | Equity (Foreign) | IN |
| — | INDUSTRIAL & COM BK OF CHINA H | 0.70% | Equity (Foreign) | CN |
| — | FUYAO GLASS INDUS GRP CO LTD H | 0.69% | Equity (Foreign) | CN |
| — | HAIER SMART HOME CO LTD | 0.68% | Equity (Foreign) | CN |
| — | HERO MOTOCORP LTD | 0.68% | Equity (Foreign) | IN |
| — | MARUTI SUZUKI INDIA LTD (LOC) | 0.67% | Equity (Foreign) | IN |
| — | SABIC AGRI-NUTRIENTS CO | 0.65% | Equity (Foreign) | SA |
| — | CHINA HONGQIAO GROUP LTD | 0.63% | Equity (Foreign) | CN |
| — | BOSIDENG INTERNATL HOLDING LTD | 0.62% | Equity (Foreign) | CN |
| — | BANK OF CHINA LTD H | 0.62% | Equity (Foreign) | CN |
| — | SHENZHOU INTL GROUP | 0.60% | Equity (Foreign) | CN |
| — | KIA CORP | 0.60% | Equity (Foreign) | KR |
| — | CMOC GROUP LIMITED H | 0.58% | Equity (Foreign) | CN |
| — | ASE TECHNOLOGY HOLDING CO LTD | 0.58% | Equity (Foreign) | TW |
| — | CTBC FINL HLDG CO LTD | 0.56% | Equity (Foreign) | TW |
Geographic Breakdown
Non-Equity Breakdown
Fidelity Emerging Markets Multifactor ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-23)
Net assets:
$581M
· 210 total positions
· equity 99.19%
· non-equity 1.60%
Non-equity holdings
— 4 positions,
1.60% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.62% | $9.4M | 2 |
| US Treasury | 0.03% | $162837 | 1 |
| Derivative (equity) | -0.04% | $-254438 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.56% | 0.96% | 4.72% | -0.44% | 1.18% | 5.44% | 2.07% |
| Feb | -2.59% | -4.79% | -4.96% | 1.42% | -1.72% | 4.53% | -1.35% |
| Mar | -1.67% | -1.74% | 1.01% | 0.64% | 1.69% | -7.69% | -1.29% |
| Apr | 0.68% | -5.87% | 1.47% | -0.21% | 0.04% | 10.03% | 1.02% |
| May | 1.29% | 0.90% | -3.26% | 2.98% | 3.82% | 5.14% | 1.81% |
| Jun | -2.49% | -8.58% | 0.81% | -0.37% | 4.75% | -4.12% | -1.67% |
| Jul | -4.74% | -0.41% | 4.99% | 0.99% | 0.73% | -2.27% | -0.12% |
| Aug | -0.20% | 1.36% | -2.01% | 1.33% | 3.62% | 3.36% | 1.24% |
| Sep | -5.70% | -9.22% | -2.79% | 5.50% | 3.19% | -1.66% | -1.78% |
| Oct | 0.14% | -2.26% | -3.14% | -4.19% | 1.13% | -3.57%* | -1.98% |
| Nov | -2.63% | 11.70% | 6.51% | -2.16% | -1.45% | -- | 2.39% |
| Dec | 0.78% | -1.93% | 3.74% | -2.21% | 0.49% | -- | 0.17% |
| Total | -15.62% | -19.54% | 6.48% | 2.97% | 18.67% | 8.10% | 0.18% |
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: $35.33
SMA 50: $35.84
SMA 200: $34.82
Current: $34.33
EMA 12: $34.82
EMA 26: $35.28
MACD: -0.4657 | Signal: -0.1483
BEARISH
ADX (14): 24.21
WEAK TREND
+DI: 14.69
−DI: 36.55
Momentum Oscillators
RSI (14): 35.61
NEUTRAL
Stoch %K: 12.15
Stoch %D: 11.30
Williams %R: -84.62
Volume & Volatility
BB Upper: $36.74
BB Lower: $33.93
NEUTRAL
OBV: 6,212,901
Vol SMA 20: 132,525
Vol ROC: -13.48%
ATR: $0.47
True Range: $0.33
HV 20: 12.5%
HV 30: 16.0%
HV 60: 17.7%
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 (Confidence Level: 6/10)
Key drivers:
- Recent news headlines suggest a neutral market sentiment, with no significant catalysts or events driving the stock price.
- Technical indicators are mixed, with a bullish MACD signal and neutral RSI reading.
Primary risks:
- High volatility, as indicated by the beta value (1.23) and historical volatility metrics.
- Options activity suggests a moderate level of uncertainty, with IV rank at 22.9%.
Investment thesis: FDEM is likely to experience sideways trading, influenced by market sentiment and macroeconomic factors. While there are some technical signals that suggest a potential uptrend, the overall risk-reward profile is neutral.
Recent news sentiment impact: The recent news headlines have had a neutral impact on the stock price, with no significant catalysts or events driving the movement.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - NEUTRAL; Medium-term (1-3 months) - BULLISH; Long-term (3-12 months) - BEARISH
Support/Resistance Levels:
- SMA 20: $35.72
- Upper Bollinger Band: $36.57
- Lower Bollinger Band: $34.87
Momentum Signals: + MACD signal: Bullish (0.23 / Signal: 0.07) + RSI interpretation: Neutral (56.58) + Stochastic %K/D: No clear signals + Williams %R: -24.05 (no strong momentum)
Volume Analysis: Volume trends and institutional interest signals:
- On-Balance Volume (OBV): 5976067.16 (moderate volume flow)
- Volume Rate of Change: -30.11% (low volume trend)
News & Sentiment Analysis
Recent Headlines Summary: Neutral news sentiment, with no significant catalysts or events driving the stock price.
Sentiment Assessment: Aggregate news sentiment is NEUTRAL.
Catalyst Identification: No clear catalysts or events identified that could drive the stock price in the near term.
Market Narrative: The market narrative suggests a neutral sentiment, with no strong trend or momentum indicators.
Risk & Volatility Assessment
Beta Interpretation: High risk (beta: 1.23) relative to the market (SPY).
Volatility Regime: Current volatility is above historical averages (HV20: 17.1%, HV30: 20.4%).
Options Market Signals: IV rank: 22.9% (Low); Put/Call volume ratio: 0.67 (Bullish sentiment)
Downside Protection: Support levels and risk management considerations:
- SMA 20: $35.72
- Lower Bollinger Band: $34.87
Market Context & Positioning
Sector Performance: No clear sector performance insights, as FDEM is not a representative of any specific sector.
Institutional Activity: Moderate institutional interest signals (OBV and volume rate of change).
Correlation Analysis: Correlation with the market (SPY) is relatively strong (0.73).
Relative Valuation: Position within trading range:
- SMA 20: $35.72
- Upper Bollinger Band: $36.57
Key Levels & Action Items
Critical Price Levels: Support levels and risk management considerations:
- SMA 20: $35.72
- Lower Bollinger Band: $34.87
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Upper Bollinger Band: $36.57
- Resistance at $37.00
Time-Sensitive Catalysts: No clear time-sensitive catalysts or events identified.
Risk Management: Stop-loss levels and position sizing considerations:
- Risk tolerance based on investor preference
- Position sizing based on risk tolerance and market conditions
Generated
News
All FDEM news →
Seeking AlphaT3·53mo ago
Seeking AlphaT3·58mo ago
FDEM Options Activity & IV Rank
FDEM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 25.3%
7-DTE IV: —
Expected Move: $2.02
7-DTE Move: $2.02
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 1
P/C Volume: —
Call OI: 0
Put OI: 1
P/C OI: —
Total OI: 1
ATM Options Pricing
ATM Call: $1.15
ATM Put: $0.88
Call %: 3.3%
Put %: 2.5%
Chain Summary
Chain Volume: 2
Chain OI: 2
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.
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 19.7% / 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)11.2LowOct 21
Straddle Price (30 DTE)$2.02Oct 21
Beta Analysis
Risk Metrics
Beta: 1.2682
Alpha: -4.64%
Correlation: 0.7473
R-Squared: 55.8%
Stock Volatility: 21.6%
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
FDEM 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.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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
145.33K
SI % of Float
0.88%
Days to Cover
1.55
Short Vol Ratio
20.2%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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