HECA Hedgeye Capital Allocation ETF
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Hedgeye Capital Allocation ETF (HECA) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2025-06-30
- Has Options
- No
- Expense ratio
- 1.30% prospectus, filed Feb 27, 2026
- Assets
- $287M SEC filing, Jul 31, 2026
- Trailing yield
- 2.08% paid annual
- Average daily volume
- $2.0M 30 sessions
- Holdings
- 16 top 10 are 84.8%
- Listed
- Jun 30, 2025 NYSE Arca
- Last fee change
- +28 bp filed Feb 27, 2026
Moves with. US large-cap stocks (14% of its variance, beta 0.32); Gold (12% of its variance, beta 0.11); Small caps over large (12% of its variance, beta 0.30). These factors explain 34% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. Hedgeye Capital Allocation ETF (the Fund) seeks long-term capital appreciation. (from the fund's prospectus)
All 16 holdingsFlow historySimilar fundsOverlap toolAll Allocation ETFs
- Jul 2026
- −$25M latest reported month
- Latest 3 months
- −$86M −30.2% of assets
- Latest 12 months
- +$294M +102.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$25M |
| Jun 2026 | −$29M |
| May 2026 | −$33M |
| Apr 2026 | −$3.8M |
| Mar 2026 | +$130M |
| Feb 2026 | +$81M |
| Jan 2026 | +$49M |
| Dec 2025 | +$26M |
| Nov 2025 | +$22M |
| Oct 2025 | +$55M |
| Sep 2025 | +$17M |
| Aug 2025 | +$5.3M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 13 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| XFLXFundX Flexible ETF | 19% | 0.97% | $50M | −8.1% | compare |
| MATRHarbor Multi-Asset Total Return ETF | 15% | 0.80% | $10M | — | compare |
| XRLXFundX Conservative ETF | 14% | 1.20% | $49M | +5.0% | compare |
| KAMOKensington Credit Opportunities ETF | 12% | 0.92% | $98M | — | compare |
| CANQCalamos ETF Trust Calamos Nasdaq Equity & Income ETF | 11% | 0.94% | $21M | −2.6% | compare |
Ranked by how much of the two portfolios is the same securities.
- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- +16.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
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.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | JAAAJanus Henderson AAA CLO ETF | — | 8.05% | — |
| New position | LVHIFranklin International Low Vol | — | 6.58% | — |
| New position | FMDEFidelity Enhanced Mid Cap Core | — | 6.43% | — |
| Exit | PAVEGlobal X US Infrastructure Dev | 6.43% | — | — |
| Exit | VYMVanguard High Dividend Yield E | 6.01% | — | — |
| New position | VFLOVictoryShares Free Cash Flow E | — | 5.94% | — |
| New position | CRAKVanEck Oil Refiners ETF | — | 5.36% | — |
| New position | IWXiShares Russell Top 200 Value | — | 5.20% | — |
| Exit | OIHVanEck Oil Services ETF | 4.78% | — | — |
| Exit | LITGlobal X Lithium & Battery Tec | 4.77% | — | — |
- Authorized participants
- 4 active of 4 with agreements; top 3 did 97%
- Created · redeemed
- $113M · $22M over the fiscal year
- Redemptions in kind
- 94% creations 95% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- 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.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-30 | 2025-12-31 | $0.5579 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | First American Government Obli | 21.61% | Short-term investment | US |
| JAAA | Janus Henderson AAA CLO ETF | 8.05% | Equity (common) | US |
| LVHI | Franklin International Low Vol | 6.58% | Equity (common) | US |
| FMDE | Fidelity Enhanced Mid Cap Core | 6.43% | Equity (common) | US |
| VFLO | VictoryShares Free Cash Flow E | 5.94% | Equity (common) | US |
| CRAK | VanEck Oil Refiners ETF | 5.36% | Equity (common) | US |
| IWX | iShares Russell Top 200 Value | 5.20% | Equity (common) | US |
| AVLV | Avantis US Large Cap Value ETF | 4.12% | Equity (common) | US |
| REET | iShares Global REIT ETF | 4.03% | Equity (common) | US |
| XLF | State Street Financial Select | 3.70% | Equity (common) | US |
| SPYD | State Street SPDR Portfolio S& | 3.62% | Equity (common) | US |
| HDV | iShares Core High Dividend ETF | 3.31% | Equity (common) | US |
| AVUV | Avantis U.S. Small Cap Value E | 3.28% | Equity (common) | US |
| EUFN | iShares MSCI Europe Financials | 3.11% | Equity (common) | US |
| USRT | iShares Core U.S. REIT ETF | 2.89% | Equity (common) | US |
| SLX | VanEck Steel ETF | 2.78% | Equity (common) | US |
| EFAV | iShares MSCI EAFE Min Vol Fact | 2.66% | Equity (common) | US |
| IHF | iShares U.S. Healthcare Provid | 1.98% | Equity (common) | US |
| HGER | Harbor Commodity All Weather S | 1.80% | Equity (common) | US |
| IHI | iShares U.S. Medical Devices E | 1.57% | Equity (common) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 21.61% | $61.9M | 1 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 5.08% | 5.08% |
| Feb | -- | 5.80% | 5.80% |
| Mar | -- | -5.00% | -5.00% |
| Apr | -- | -3.18% | -3.18% |
| May | -- | 0.18% | 0.18% |
| Jun | -- | -1.73% | -1.73% |
| Jul | 0.84% | -0.49% | 0.17% |
| Aug | 2.27% | 1.70% | 1.98% |
| Sep | 7.42% | -1.73% | 2.84% |
| Oct | 2.86% | -2.19%* | 0.33% |
| Nov | -0.95% | -- | -0.95% |
| Dec | -2.02% | -- | -2.02% |
| Total | 10.59% | -2.08% | 4.26% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: HECA
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Trend direction: Range-bound, with a slight bias towards a short-term uptrend
- Support/resistance levels: $27.60-$28.07 (Bollinger Bands), SMA 20 ($27.84)
- Momentum signals:
- RSI: Neutral (44.33%)
- MACD: Bullish momentum (0.09 histogram)
Primary Risks:
- Negative earnings surprise or guidance revision
- Regulatory changes affecting the industry
Recent News Sentiment Impact: No recent news available, which may lead to a lack of market catalysts.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Uptrend; Medium-term (1-3 months): Range-bound; Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Bollinger Bands: $27.60-$28.07
- SMA 20: $27.84
- Trend line: N/A
Momentum Signals:
- RSI interpretation: Neutral (44.33%)
- MACD signal: Bullish momentum (0.09 histogram)
- Bollinger Bands position: Oversold (-73.14% Williams %R)
Volume Analysis: Volume trends and institutional interest signals:
- SMA 20: 38741.20
- On-Balance Volume (OBV): -10771930.07
- Volume Rate of Change: 19.29%
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Neutral, with no significant news influencing the stock's price movement recently.
Catalyst Identification: None identified.
Market Narrative: The lack of recent news may lead to a stagnant market narrative.
Risk & Volatility Assessment
Beta Interpretation: 0.41 (low volatility - stock moves less than market)
Volatility Regime: Low volatility, with historical volatility indicating a relatively stable trading range.
Options Market Signals:
- IV rank: N/A
- Put/call ratios: N/A
- Unusual activity: N/A
Downside Protection: Support levels at $27.60 and SMA 20 ($27.84)
Market Context & Positioning
Sector Performance: No specific sector performance data available.
Institutional Activity: Institutional interest signals are unclear due to the lack of recent news.
Correlation Analysis: Correlation with the market (SPY) is low, indicating a relatively independent price movement.
Relative Valuation: The stock's current price position within its trading range is neutral.
Key Levels & Action Items
Critical Price Levels:
- Support at $27.60
- Resistance at $28.07
Breakout/Breakdown Levels:
- Breakout above SMA 20 ($27.84)
- Breakdown below support at $27.60
Time-Sensitive Catalysts: No immediate or near-term catalysts identified.
Risk Management: Stop-loss levels and position sizing considerations will depend on the investor's risk tolerance and market expectations.
Overall, HECA appears to be trading within a relatively tight range, with no significant news catalysts driving price movement recently. The technical indicators suggest a neutral sentiment, while the low volatility and low institutional interest signal a cautious approach.
HECA Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
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.
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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
HECA 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 |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| JAAA | Janus Henderson AAA CLO ETF | 8.05% | $50.6 | +-0.00% | +0.06% | -0.18% |
| LVHI | Franklin International Low Vol | 6.58% | $42.74 | -0.34% | +0.29% | +1.17% |
| FMDE | Fidelity Enhanced Mid Cap Core | 6.43% | $41.41 | -0.75% | -0.06% | +1.62% |
| VFLO | VictoryShares Free Cash Flow E | 5.94% | $54.63 | +0.08% | +0.99% | +5.86% |
| CRAK | VanEck Oil Refiners ETF | 5.36% | $64.13 | -2.58% | -4.67% | -0.05% |
| IWX | iShares Russell Top 200 Value | 5.20% | $113.8 | -0.07% | +0.73% | +2.86% |
| AVLV | Avantis US Large Cap Value ETF | 4.12% | $93.24 | -0.31% | -0.15% | +1.85% |
| REET | iShares Global REIT ETF | 4.03% | $26.05 | +0.54% | +0.62% | -0.15% |
| XLF | State Street Financial Select | 3.70% | $56.55 | +0.91% | +2.32% | +3.70% |
| SPYD | State Street SPDR Portfolio S& | 3.62% | $48.48 | +2.26% | +3.44% | +5.28% |
| HDV | iShares Core High Dividend ETF | 3.31% | $30.38 | +1.76% | +2.62% | +7.22% |
| AVUV | Avantis U.S. Small Cap Value E | 3.28% | $121.84 | +0.76% | +1.16% | +1.36% |
| EUFN | iShares MSCI Europe Financials | 3.11% | $38.01 | -1.85% | -2.12% | -6.28% |
| USRT | iShares Core U.S. REIT ETF | 2.89% | $62.78 | +0.80% | +1.18% | +0.54% |
| SLX | VanEck Steel ETF | 2.78% | $100.01 | -3.24% | -1.72% | -4.60% |
| EFAV | iShares MSCI EAFE Min Vol Fact | 2.66% | $96.08 | +0.80% | +2.25% | +4.19% |
| IHF | iShares U.S. Healthcare Provid | 1.98% | $60.56 | +0.97% | +1.75% | +10.17% |
| HGER | Harbor Commodity All Weather S | 1.80% | $35.91 | -0.26% | -0.37% | -0.10% |
| IHI | iShares U.S. Medical Devices E | 1.57% | $54.62 | +2.25% | +1.13% | +6.39% |