HEDG Equable Shares Hedged Equity ETF
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Equable Shares Hedged Equity ETF (HEDG) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2019-05-31
- Has Options
- No
- Expense ratio
- 0.96% prospectus, filed Feb 27, 2026
- Assets
- $427M SEC filing, Jul 31, 2026
- Trailing yield
- 2.76% paid quarterly
- Average daily volume
- $1.1M 30 sessions
- Holdings
- 9 top 10 are 99.0%
- Listed
- May 31, 2019 NYSE Arca
- Last fee change
- +4 bp filed Feb 27, 2026
Moves with. US large-cap stocks (60% of its variance, beta 0.34); High yield over Treasuries (9% of its variance, beta 0.33). These factors explain 66% of its daily moves over the last year.
Stated objective. The Equable Shares Hedged Equity ETF (the Fund) seeks income, risk mitigation and long-term capital appreciation. (from the fund's prospectus)
All 9 holdingsFlow historyOverlap toolAll Hedged Equity ETFs
- Jul 2026
- +$8.3M latest reported month
- Latest 3 months
- +$22M +5.1% of assets
- Latest 12 months
- +$137M +32.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$8.3M |
| Jun 2026 | +$14M |
| May 2026 | −$5K |
| Apr 2026 | +$9.6M |
| Mar 2026 | +$12M |
| Feb 2026 | −$2.2M |
| Jan 2026 | +$32M |
| Dec 2025 | +$15M |
| Nov 2025 | +$20M |
| Oct 2025 | +$29M |
| Sep 2025 | +$975K |
| Aug 2025 | +$570K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 12 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| HELOJPMorgan Hedged Equity Laddered Overlay ETF | — | 0.50% | $4.9B | +6.9% | compare |
| ACIOAptus Collared Investment Opportunity ETF | — | 0.79% | $2.4B | +8.1% | compare |
| SFLRInnovator Equity Managed Floor ETF | — | 0.89% | $2.3B | +9.0% | compare |
| FHEQFidelity Hedged Equity ETF | — | 0.48% | $1.0B | +10.1% | compare |
| HEGDSwan Hedged Equity US Large Cap ETF | — | 0.87% | $692M | +8.3% | compare |
The largest other funds in the Hedged Equity category.
- Authorized participants
- 2 active of 2 with agreements; top 3 did 100%
- Created · redeemed
- $26M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 30% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
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 |
|---|---|---|---|
| 2026-09-24 | 2026-09-25 | $0.1541 | CD |
| 2026-06-25 | 2026-06-26 | $0.1494 | CD |
| 2026-03-26 | 2026-03-27 | $0.1460 | CD |
| 2025-12-16 | 2025-12-17 | $0.4046 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IVV | iShares Core S&P 500 ETF | 72.01% | Equity (common) | US |
| SPY | State Street SPDR S&P 500 ETF | 26.23% | Equity (common) | US |
| — | U.S. Bank Money Market Deposit Account | 3.54% | Short-term investment | US |
| OPER | Clearshares Ultra-Short Maturi | 0.47% | Equity (common) | US |
| — | N/A | 0.34% | Derivative (equity) | US |
| — | BNY Dreyfus Government Cash Ma | 0.00% | Short-term investment | US |
| — | N/A | -0.14% | Derivative (equity) | US |
| — | N/A | -0.70% | Derivative (equity) | US |
| — | N/A | -1.80% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 3.54% | $15.1M | 2 |
| Derivative (equity) | -2.31% | $-9863023 | 4 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 0.75% | 0.75% |
| Feb | -- | 0.17% | 0.17% |
| Mar | -- | -2.23% | -2.23% |
| Apr | -- | 2.36% | 2.36% |
| May | -- | 0.63% | 0.63% |
| Jun | -- | 0.17% | 0.17% |
| Jul | -- | 0.80% | 0.80% |
| Aug | -- | 0.96% | 0.96% |
| Sep | -- | 0.31% | 0.31% |
| Oct | 1.00% | 0.36%* | 0.68% |
| Nov | 0.76% | -- | 0.76% |
| Dec | -0.07% | -- | -0.07% |
| Total | 1.70% | 4.30% | 3.00% |
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
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10)
Key drivers:
- Strong technical signals from momentum oscillators and MACD
- Bullish trend direction in short-term and medium-term
- Low volatility and low risk relative to market
Primary risks:
- Overbought conditions from RSI and Stochastic indicators
- Lack of recent news headlines or catalysts
Investment thesis:
HEDG appears to be trending upwards, supported by strong technical signals. The stock's low volatility and beta make it a relatively safe investment opportunity. However, the overbought condition and lack of recent news may lead to a potential pullback.
Recent news sentiment impact:
No recent news headlines available. As such, there is no significant impact from news on this analysis.
Technical Analysis
Trend Direction: Bullish in short-term (1-4 weeks) and medium-term (1-3 months)
Support/Resistance Levels:
- Upper Bollinger Band: $29.94
- Middle Bollinger Band: $29.81
- Lower Bollinger Band: $29.68
Momentum Signals:
- RSI interpretation: Overbought (>70) - potential sell signal
- MACD signal: Bullish crossover above the signal line
- Bollinger Bands position: Neutral (not squeezing or breaking out)
Volume Analysis: Low volume and institutional interest signals.
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available
Sentiment Assessment: Neutral sentiment due to lack of recent news
Catalyst Identification: None identified due to absence of recent news
Market Narrative: Technical signals driving the stock's movement, with no significant impact from news.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta 0.42)
Volatility Regime: Low volatility regime - stock moves less than market
Options Market Signals: No options data available
Downside Protection: Support levels and risk management considerations:
- Support level: $29.68 (lower Bollinger Band)
- Risk management consideration: Consider a stop-loss at $29.80 to limit potential losses.
Market Context & Positioning
Sector Performance: Not applicable, as HEDG is not a sector-specific stock
Institutional Activity: No volume patterns suggesting institutional interest signals
Correlation Analysis: Low correlation with market (R-squared 0.83)
Relative Valuation: Position within trading range:
- Lower bound: $29.68
- Upper bound: $29.94
Key Levels & Action Items
Critical Price Levels:
- Support level: $29.68
- Resistance level: $29.94
Breakout/Breakdown Levels: None identified due to lack of recent news and volatility.
Time-Sensitive Catalysts: No upcoming earnings, product launches, or regulatory changes available.
Risk Management: Consider a stop-loss at $29.80 to limit potential losses.
Please note that this analysis is based on the provided data and should be considered as a hypothetical example. It's essential to always verify the accuracy of the data and consider other factors before making investment decisions.
HEDG 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
HEDG 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 |
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