Zacks Investment ResearchT3·12h ago
FDL First Trust Morningstar Dividend Leaders Index Fund
ETF 53.34 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.
FDL
$53.34
—
Key stats
$53.34
- 52-Week Range
- $42.10 – $53.76
- YTD
- +19.20%
- IV Rank (30D)
- 100.0
- Straddle Price
- $0.00
- Open
- $52.08
- Day Range
- $52.02 – $53.37
- Volume
- 1,061,866
- Prev Close
- $51.88
About
First Trust Morningstar Dividend Leaders Index Fund (FDL) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2006-03-09
- Has Options
- Yes
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.43% prospectus, filed Apr 30, 2026
- Assets
- $8.1B issuer-reported, Oct 20, 2026
- Trailing yield
- 3.73% paid quarterly
- Average daily volume
- $33M 30 sessions
- Holdings
- 101 top 10 are 51.0%
- Listed
- Mar 9, 2006 NYSE Arca
- Last fee change
- -2 bp filed Apr 30, 2025
- Net asset value
- $52.06 issuer, Oct 20, 2026
- 30-day SEC yield
- 4.25% issuer, Sep 30, 2026
- Tracking difference
- -0.61 pts vs index, after fees, FY 2025
Cost43
Liquidity84
Scale100
Diversification57
Moves with. Value over growth (65% of its variance, beta 0.84). These factors explain 70% of its daily moves over the last year.
Stated objective. The First Trust Morningstar Dividend Leaders Index Fund (the Fund ) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Morningstar Dividend Leaders Index SM (the Index ). (from the fund's prospectus)
All 101 holdingsFlow historySimilar fundsOverlap toolAll Dividend Growth ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$111M latest reported month
- Latest 3 months
- +$272M +3.7% of assets
- Latest 12 months
- +$986M +13.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$111M |
| May 2026 | +$43M |
| Apr 2026 | +$118M |
| Mar 2026 | +$171M |
| Feb 2026 | +$124M |
| Jan 2026 | +$32M |
| Dec 2025 | +$40M |
| Nov 2025 | +$65M |
| Oct 2025 | +$143M |
| Sep 2025 | +$40M |
| Aug 2025 | +$55M |
| Jul 2025 | +$45M |
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 | |
|---|---|---|---|---|---|
| DHSWisdomTree U.S. High Dividend Fund | 44% | 0.38% | $1.6B | +15.6% | compare |
| SPYDState Street SPDR Portfolio S&P 500 High Dividend ETF | 43% | 0.07% | $7.4B | +8.6% | compare |
| DURAVanEck Durable High Dividend ETF | 43% | 0.30% | $38M | +17.4% | compare |
| SPHDInvesco S&P 500 High Dividend Low Volatility ETF | 42% | 0.30% | $3.3B | +3.2% | compare |
| HDViShares Core High Dividend ETF | 41% | 0.08% | $15.6B | +21.7% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +11.1% 39% under, 18% over · 100% covered
- Price / earnings
- 17.5 2% loss-making · 100% covered
- Price / book · sales
- 2.1 · 1.6 revenue growth +1.7%
- Above 200-day average
- 56% 62% above 50-day · by weight
- Short interest
- 3.5% of float, weighted · 4.1 days to cover
- Insider buying
- 21% of weight had net insider buying, 90 days; 45% net selling
- 13F holders
- +4.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 32.5% of weight in 7 days; 67.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.82%
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
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | XOMExxon Mobil Corp. | 11.05% | — | — |
| New position | PMPHILIP MORRIS INTERNATIONAL INC | — | 6.06% | — |
| Exit | MRKMerck & Co., Inc | 5.51% | — | — |
| Exit | COPConocoPhillips | 2.97% | — | — |
| New position | SOSOUTHERN COMPANY (THE) | — | 2.32% | — |
| New position | BXBLACKSTONE INC | — | 2.31% | — |
| New position | MEDTRONIC PLC | — | 2.28% | — |
| New position | DUKDUKE ENERGY CORP | — | 2.21% | — |
| Exit | CVSCVS Health Corp | 1.96% | — | — |
| New position | ACCENTURE PLC | — | 1.84% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.4%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 8 active of 26 with agreements; top 3 did 91%
- Created · redeemed
- $2.7B · $1.5B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- -0.61 pts after fees; -0.09 before; daily s.d. 1.65
- 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
101
AUM
$8.1B
Provider
First Trust
Inception
2006-03-09
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.43%
Dividend Yield
3.73%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-24 | 2026-09-30 | $0.5139 | CD |
| 2026-06-25 | 2026-06-30 | $0.4732 | CD |
| 2026-03-26 | 2026-03-31 | $0.4005 | CD |
| 2025-12-12 | 2025-12-31 | $0.5499 | CD |
| 2025-09-25 | 2025-09-30 | $0.4240 | CD |
| 2025-06-26 | 2025-06-30 | $0.4584 | CD |
Asset Allocation
Top Holdings
top 50 of 101 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| CVX | Chevron Corporation | 9.26% | Equity (US) | US |
| VZ | Verizon Communications Inc. | 6.72% | Equity (US) | US |
| PFE | Pfizer Inc. | 6.68% | Equity (US) | US |
| PM | Philip Morris International Inc. | 6.45% | Equity (US) | US |
| PEP | PepsiCo, Inc. | 5.06% | Equity (US) | US |
| MO | Altria Group, Inc. | 4.94% | Equity (US) | US |
| ACN | Accenture plc | 3.29% | Equity (Foreign) | IE |
| BMY | Bristol-Myers Squibb Company | 3.06% | Equity (US) | US |
| UPS | United Parcel Service, Inc. (Class B) | 3.04% | Equity (US) | US |
| CMCSA | Comcast Corporation (Class A) | 2.54% | Equity (US) | US |
| MDT | Medtronic Plc | 2.39% | Equity (Foreign) | IE |
| SO | The Southern Company | 2.32% | Equity (US) | US |
| DUK | Duke Energy Corporation | 2.19% | Equity (US) | US |
| BX | Blackstone Inc. | 2.01% | Equity (US) | US |
| USB | U.S. Bancorp | 1.94% | Equity (US) | US |
| MDLZ | Mondelez International, Inc. | 1.72% | Equity (US) | US |
| OKE | ONEOK, Inc. | 1.68% | Equity (US) | US |
| KMI | Kinder Morgan, Inc. | 1.61% | Equity (US) | US |
| TFC | Truist Financial Corporation | 1.50% | Equity (US) | US |
| D | Dominion Energy, Inc. | 1.37% | Equity (US) | US |
| TGT | Target Corporation | 1.27% | Equity (US) | US |
| NKE | NIKE, Inc. (Class B) | 1.23% | Equity (US) | US |
| PRU | Prudential Financial, Inc. | 1.17% | Equity (US) | US |
| KMB | Kimberly-Clark Corporation | 1.13% | Equity (US) | US |
| EXC | Exelon Corporation | 1.09% | Equity (US) | US |
| PAYX | Paychex, Inc. | 0.90% | Equity (US) | US |
| ED | Consolidated Edison, Inc. | 0.88% | Equity (US) | US |
| KHC | The Kraft Heinz Company | 0.86% | Equity (US) | US |
| EIX | Edison International | 0.83% | Equity (US) | US |
| PEG | Public Service Enterprise Group Incorporated | 0.83% | Equity (US) | US |
| WEC | WEC Energy Group, Inc. | 0.82% | Equity (US) | US |
| AMCR | Amcor plc | 0.76% | Equity (Foreign) | CH |
| GIS | General Mills, Inc. | 0.73% | Equity (US) | US |
| HBAN | Huntington Bancshares Incorporated | 0.71% | Equity (US) | US |
| ES | Eversource Energy | 0.70% | Equity (US) | US |
| HPQ | HP Inc. | 0.67% | Equity (US) | US |
| TROW | T. Rowe Price Group, Inc. | 0.66% | Equity (US) | US |
| FE | FirstEnergy Corp. | 0.64% | Equity (US) | US |
| ARES | Ares Management Corporation (Class A) | 0.60% | Equity (US) | US |
| DTE | DTE Energy Company | 0.59% | Equity (US) | US |
| OMC | Omnicom Group Inc. | 0.55% | Equity (US) | US |
| SW | Smurfit Westrock Plc | 0.55% | Equity (Foreign) | IE |
| FIS | Fidelity National Information Services, Inc. | 0.51% | Equity (US) | US |
| RF | Regions Financial Corporation | 0.51% | Equity (US) | US |
| BBY | Best Buy Co., Inc. | 0.50% | Equity (US) | US |
| KEY | KeyCorp | 0.46% | Equity (US) | US |
| EVRG | Evergy, Inc. | 0.42% | Equity (US) | US |
| TSN | Tyson Foods, Inc. (Class A) | 0.40% | Equity (US) | US |
| CLX | The Clorox Company | 0.36% | Equity (US) | US |
| GPC | Genuine Parts Company | 0.34% | Equity (US) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.34% | 1.73% | 4.03% | -0.93% | 3.13% | 6.93% | 2.42% |
| Feb | 4.06% | -0.74% | -4.26% | 0.22% | 5.53% | 6.91% | 1.95% |
| Mar | 5.18% | 4.41% | -2.66% | 5.34% | -0.89% | -0.90% | 1.75% |
| Apr | 3.35% | -3.18% | 0.06% | -3.15% | -4.68% | 0.88% | -1.12% |
| May | 0.17% | 5.95% | -6.80% | 3.65% | 1.98% | -0.75% | 0.70% |
| Jun | -3.55% | -8.87% | 2.07% | -1.28% | 0.05% | -2.23% | -2.30% |
| Jul | 0.24% | 2.89% | 4.87% | 7.23% | -1.10% | 5.41% | 3.26% |
| Aug | 1.61% | -1.78% | -2.22% | 2.69% | 6.20% | 2.42% | 1.49% |
| Sep | -3.19% | -10.55% | -4.59% | 0.82% | -2.34% | -7.30% | -4.52% |
| Oct | 1.81% | 9.05% | -1.92% | 0.60% | -2.51% | 8.30%* | 2.56% |
| Nov | -2.48% | 4.96% | 6.74% | 5.02% | 4.44% | -- | 3.74% |
| Dec | 8.05% | -3.89% | 2.69% | -7.45% | 0.45% | -- | -0.03% |
| Total | 15.21% | -1.99% | -2.94% | 12.51% | 10.05% | 20.20% | 8.84% |
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: $50.35
SMA 50: $51.59
SMA 200: $50.24
Current: $53.34
EMA 12: $51.36
EMA 26: $51.04
MACD: 0.3180 | Signal: 0.4181
BEARISH
ADX (14): 29.27
TREND
+DI: 46.26
−DI: 15.72
Momentum Oscillators
RSI (14): 70.47
OVERBOUGHT
Stoch %K: 95.94
Stoch %D: 93.03
Williams %R: -0.52
Volume & Volatility
BB Upper: $52.73
BB Lower: $47.98
OVERBOUGHT
OBV: 2,204,892
Vol SMA 20: 696,469
Vol ROC: 24.30%
ATR: $0.62
True Range: $1.48
HV 20: 14.9%
HV 30: 14.9%
HV 60: 13.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL with a confidence level of 6/10
Key drivers:
- Bullish MACD signal and strong trend indicators
- Positive news sentiment, particularly from headlines 1, 4, and 5
- Low volatility, indicating a stable market environment
Primary risks:
- High beta (0.23) relative to the SPY, suggesting increased risk exposure
- Low institutional interest, indicated by low volume flow and open interest
Investment thesis: FDL is poised for a moderate upward move due to the confluence of bullish technical signals and positive news sentiment. However, the stock's high beta and low institutional interest pose significant risks that investors should consider.
Recent news sentiment impact: The recent headlines have been largely positive, with only one neutral headline (headline 2). This has contributed to the overall bullish tone in our analysis.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): BULLISH; Medium-term (1-3 months): NEUTRAL; Long-term (3-12 months): BEARISH
Support/Resistance Levels:
- Key resistance levels: $51.01 (Bollinger Bands upper band) and $52.00 (psychological level)
- Key support levels: $49.96 (SMA 20) and $48.92 (Bollinger Bands lower band)
Momentum Signals:
- RSI interpretation: NEUTRAL (53.95), indicating a lack of strong momentum
- MACD signal: BULLISH, with a bullish crossover above the signal line
- Bollinger Bands position: NEUTRAL, with no significant mean reversion or squeeze
News & Sentiment Analysis
Recent Headlines Summary: Positive headlines (1 and 4) have dominated recent news, while neutral headlines (2 and 3) have had little impact.
Sentiment Assessment: POSITIVE, driven by the positive headlines and overall bullish tone.
Catalyst Identification: Upcoming catalysts include earnings announcements, which could impact the stock's price movement.
Market Narrative: The technical signals and news sentiment align, indicating a potential upward move. However, the low institutional interest and high beta pose risks that investors should consider.
Risk & Volatility Assessment
Beta Interpretation: LOW (0.23), suggesting increased risk exposure relative to the SPY.
Volatility Regime: CURRENT vs HISTORICAL: HIGH, indicating an increase in volatility relative to historical levels.
Options Market Signals: IV rank: MEDIUM (59.2%); Current IV: 46.4%; Expected Move: $2.27 (22 DTE), 7-DTE: $2.27; Volume Flow: 46 calls vs 4 puts; Open Interest: 52 calls vs 4 puts; Put/Call Volume Ratio: 0.09 (Bullish sentiment); Put/Call OI Ratio: 0.08
Downside Protection: Support levels at $49.96 and $48.92 should be monitored for potential downside risks.
Market Context & Positioning
Sector Performance: RELATIVE STRENGTH vs Sector/Market, indicating FDL is performing well relative to its peers.
Institutional Activity: LOW VOLUME FLOW and OPEN INTEREST suggest limited institutional interest in the stock.
Correlation Analysis: R-squared interpretation: 0.24 (low correlation), suggesting FDL moves independently of the market.
Relative Valuation: POSITION WITHIN TRADING RANGE, indicating potential for further upward movement.
Key Levels & Action Items
Critical Price Levels: Support at $49.96 and $48.92; Resistance at $51.01 and $52.00
Breakout/Breakdown Levels: Technical levels that could trigger significant moves include the Bollinger Bands upper band ($51.01) and lower band ($48.92).
Time-Sensitive Catalysts: Earnings announcements, which could impact the stock's price movement.
Risk Management: Stop-loss levels at $49.96 and $48.92; position sizing considerations based on the high beta and low institutional interest.
Generated
News
All FDL news →
Zacks Investment ResearchT3·16d ago
BenzingaT3·4mo ago
BenzingaT3·6mo ago
BenzingaT3·7mo ago
BenzingaT3·8mo ago
BenzingaT3·8mo ago
GlobeNewswire Inc.T3·25mo ago
Zacks Investment ResearchT3·27mo ago
Zacks Investment ResearchT3·29mo ago
Showing 1–10 of 50
Page 1 of 5
FDL Options Activity & IV Rank
FDL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 51.8%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 29 (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: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 6
Chain OI: 6
Last Updated: 10/22/2026
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
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 17.3% / 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)100.0HighOct 22
Straddle Price (30 DTE)$0.00Oct 22
Beta Analysis
Risk Metrics
Beta: -0.0080
Alpha: 22.08%
Correlation: -0.0082
R-Squared: 0.0%
Stock Volatility: 12.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
FDL 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
465.98K
SI % of Float
0.30%
Days to Cover
1.00
Short Vol Ratio
72.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|