The Motley FoolT3·24mo ago
HYD VanEck High Yield Muni ETF
ETF 48.79 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.
HYD
$48.79
—
Key stats
$48.79
- 52-Week Range
- $47.49 – $51.68
- YTD
- -4.63%
- IV Rank (30D)
- 26.45
- Straddle Price
- $1.05
- P/C Vol Ratio
- 2.64
- Open
- $48.80
- Day Range
- $48.68 – $48.90
- Volume
- 2,028,899
- Prev Close
- $48.64
About
VanEck High Yield Muni ETF (HYD) ETF
No description available.
- Exchange
- BATS
- Inception
- 2009-02-04
- Has Options
- Yes
- Homepage
- https://www.vaneck.com/us/en/investments/etf/
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.32% issuer, Oct 21, 2026
- Assets
- $4.4B issuer-reported, Oct 19, 2026
- Trailing yield
- 4.56% paid monthly
- Average daily volume
- $123M 30 sessions
- Holdings
- 2,098 top 10 are 6.1%
- Listed
- Feb 4, 2009 Cboe BZX
- Last fee change
- -3 bp filed Jun 20, 2023
- Tracking difference
- -0.23 pts vs index, after fees, FY 2026
Cost34
Liquidity100
Scale98
Diversification100
Moves with. Long Treasuries (36% of its variance, beta 0.27); US large-cap stocks (5% of its variance, beta 0.05). These factors explain 43% of its daily moves over the last year.
Stated objective. VanEck High Yield Muni ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Broad High Yield Crossover Municipal Index (the High Yield Index). (from the fund's prospectus)
All 2,098 holdingsFlow historyOverlap toolAll High Yield Muni ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$213K latest reported month
- Latest 3 months
- +$316M +7.1% of assets
- Latest 12 months
- +$1.1B +24.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$213K |
| Jun 2026 | +$191M |
| May 2026 | +$125M |
| Apr 2026 | +$92M |
| Mar 2026 | −$152M |
| Feb 2026 | $0 |
| Jan 2026 | +$194M |
| Dec 2025 | +$340M |
| Nov 2025 | +$99M |
| Oct 2025 | +$84M |
| Sep 2025 | +$115M |
| Aug 2025 | $0 |
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 | |
|---|---|---|---|---|---|
| HYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETF | — | 0.35% | $3.8B | −6.6% | compare |
| HIMUiShares High Yield Muni Active ETF | — | 0.39% | $2.6B | −6.3% | compare |
| BMOPBNY Mellon Municipal Opportunities ETF | — | 0.54% | $1.8B | — | compare |
| FMHIFirst Trust Municipal High Income ETF | — | 0.70% | $1.0B | −5.5% | compare |
| SHYMiShares Short Duration High Yield Muni Active ETF | — | 0.40% | $903M | −3.2% | compare |
The largest other funds in the High Yield Muni category.
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 10 active of 41 with agreements; top 3 did 70%
- Created · redeemed
- $984M · $226M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
- Return vs index
- -0.23 pts after fees; +0.11 before; daily s.d. 0.17
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
2108
AUM
$4.4B
Provider
VanEck
Inception
2009-02-04
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.32%
Dividend Yield
4.55%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-06 | $0.1821 | CD |
| 2026-09-01 | 2026-09-04 | $0.1850 | CD |
| 2026-08-03 | 2026-08-06 | $0.1934 | CD |
| 2026-07-01 | 2026-07-07 | $0.2128 | CD |
| 2026-06-01 | 2026-06-04 | $0.1522 | CD |
| 2026-05-01 | 2026-05-06 | $0.1830 | CD |
Asset Allocation
Top Holdings
top 50 of 2108 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Puerto Rico Sales Tax Financing Corp Sa | 0.94% | Corporate Bond | — |
| — | Chicago Board Of Education | 0.74% | Corporate Bond | US |
| — | Tobacco Settlement Financing Corp | 0.72% | Corporate Bond | US |
| — | Puerto Rico Sales Tax Financing Corp Sa | 0.62% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.60% | Corporate Bond | — |
| — | Puerto Rico Sales Tax Financing Corp Sa | 0.56% | Corporate Bond | — |
| — | Chicago Board Of Education | 0.52% | Corporate Bond | US |
| — | Florida Development Finance Corp | 0.50% | Corporate Bond | US |
| — | New York Transportation Development Cor | 0.49% | Corporate Bond | — |
| — | Iowa Finance Authority | 0.45% | Corporate Bond | US |
| — | California Municipal Finance Authority | 0.44% | Municipal Bond | US |
| — | Arkansas Development Finance Authority | 0.43% | Corporate Bond | US |
| — | City Of Houston Tx Airport System Reven | 0.43% | Corporate Bond | — |
| — | California Statewide Communities Develo | 0.43% | Corporate Bond | — |
| — | Florida Development Finance Corp | 0.42% | Corporate Bond | US |
| — | Public Finance Authority | 0.40% | Corporate Bond | US |
| — | California Municipal Finance Authority | 0.40% | Municipal Bond | US |
| — | New York Liberty Development Corp | 0.39% | Corporate Bond | US |
| — | California Statewide Communities Develo | 0.39% | Corporate Bond | — |
| — | Florida Development Finance Corp | 0.37% | Corporate Bond | US |
| — | Puerto Rico Sales Tax Financing Corp Sa | 0.37% | Corporate Bond | — |
| — | Chicago Board Of Education | 0.37% | Corporate Bond | US |
| — | California Infrastructure & Economic De | 0.36% | Corporate Bond | — |
| — | Public Finance Authority | 0.35% | Corporate Bond | US |
| — | Salt River Project Agricultural Improve | 0.35% | Corporate Bond | — |
| — | Buckeye Tobacco Settlement Financing Au | 0.34% | Corporate Bond | — |
| — | Kentucky Public Energy Authority | 0.31% | Corporate Bond | US |
| — | City & County Of Denver Co | 0.31% | Corporate Bond | US |
| — | New York Transportation Development Cor | 0.30% | Corporate Bond | — |
| — | Commonwealth Of Puerto Rico | 0.30% | Corporate Bond | — |
| — | Massachusetts Development Finance Agenc | 0.29% | Corporate Bond | — |
| — | Commonwealth Of Puerto Rico | 0.29% | Corporate Bond | — |
| — | California Community Choice Financing A | 0.27% | Corporate Bond | — |
| — | Commonwealth Of Puerto Rico | 0.27% | Corporate Bond | — |
| — | Chicago Board Of Education | 0.27% | Corporate Bond | US |
| — | California Statewide Communities Develo | 0.27% | Corporate Bond | — |
| — | Austin Independent School District | 0.27% | Corporate Bond | US |
| — | Metropolitan Pier & Exposition Authorit | 0.26% | Corporate Bond | — |
| — | County Of Jefferson Al Sewer Revenue | 0.26% | Corporate Bond | US |
| — | Baldwin County Industrial Development A | 0.26% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.26% | Corporate Bond | — |
| — | Colorado Health Facilities Authority | 0.26% | Corporate Bond | US |
| — | Greater Orlando Aviation Authority | 0.25% | Corporate Bond | US |
| — | Oklahoma Development Finance Authority | 0.25% | Corporate Bond | US |
| — | Commonwealth Of Puerto Rico | 0.25% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.24% | Corporate Bond | — |
| — | New York Transportation Development Cor | 0.24% | Corporate Bond | — |
| — | City Of Houston Tx Airport System Reven | 0.23% | Corporate Bond | — |
| — | New York Liberty Development Corp | 0.23% | Corporate Bond | US |
| — | Puerto Rico Sales Tax Financing Corp Sa | 0.23% | Corporate Bond | — |
Non-Equity Breakdown
VanEck High Yield Muni ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-25)
Net assets:
$4.43B
· 2104 total positions
· equity 0.00%
· non-equity 96.79%
Non-equity holdings
— 2104 positions,
96.79% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 96.77% | $4.29B | 2103 |
| Derivative (equity) | 0.01% | $649680 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.35% | -2.87% | 3.29% | 0.93% | 0.29% | -0.10% | 0.65% |
| Feb | -1.69% | -1.44% | -2.61% | -0.21% | 1.29% | 1.18% | -0.58% |
| Mar | 1.16% | -3.33% | 2.15% | 0.70% | -2.23% | -2.14% | -0.62% |
| Apr | 1.10% | -4.12% | -0.10% | -1.37% | -1.66% | 1.43% | -0.79% |
| May | 1.12% | 1.53% | 0.12% | 0.57% | -0.50% | 0.80% | 0.61% |
| Jun | 1.03% | -3.10% | 0.61% | 0.72% | 1.31% | 0.51% | 0.18% |
| Jul | 0.72% | 2.03% | 0.12% | 2.18% | -1.84% | -2.56% | 0.11% |
| Aug | -0.36% | -2.98% | -0.16% | 1.08% | 0.20% | -0.18% | -0.40% |
| Sep | -1.37% | -4.91% | -2.77% | 1.24% | 3.28% | -3.08% | -1.27% |
| Oct | -0.51% | -2.66% | -1.46% | -1.42% | 0.69% | 1.52%* | -0.64% |
| Nov | 0.91% | 5.69% | 5.58% | 1.56% | 0.37% | -- | 2.82% |
| Dec | 0.11% | -2.54% | 1.93% | -1.50% | 0.37% | -- | -0.33% |
| Total | 4.59% | -17.61% | 6.58% | 4.49% | 1.45% | -2.72% | -0.54% |
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: $48.17
SMA 50: $49.05
SMA 200: $50.50
Current: $48.79
EMA 12: $48.45
EMA 26: $48.53
MACD: -0.0757 | Signal: 0.1542
BEARISH
ADX (14): 33.51
TREND
+DI: 26.19
−DI: 18.80
Momentum Oscillators
RSI (14): 55.71
NEUTRAL
Stoch %K: 80.97
Stoch %D: 81.58
Williams %R: -10.03
Volume & Volatility
BB Upper: $48.89
BB Lower: $47.46
NEUTRAL
OBV: -10,794,826
Vol SMA 20: 2,565,317
Vol ROC: -53.17%
ATR: $0.38
True Range: $0.26
HV 20: 7.2%
HV 30: 7.0%
HV 60: 5.8%
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: Technical indicators suggesting a neutral trend, with recent news sentiment mostly neutral
- Primary risks: Low volatility and potential for increased market volatility if interest rates rise
- Investment thesis: HYD's current price is near the middle band of its Bollinger Bands, indicating a consolidation phase. The stock's beta is low, which suggests it may be less volatile than the overall market.
- Recent news sentiment impact: Neutral news headlines have not significantly impacted the stock price.
Technical Analysis
- Trend direction: Short-term (1-4 weeks): NEUTRAL, Medium-term (1-3 months): NEUTRAL, Long-term (3-12 months): BULLISH
- Support/resistance levels:
- Upper band: $51.34
- Middle band: $50.90
- Lower band: $50.45
- Momentum signals:
- RSI interpretation: Neutral (55.87)
- MACD signal: Bearish (Histogram: -0.04)
- Bollinger Bands position: Squeeze
- Volume analysis:
- Volume SMA 20: 639865.25
- On-Balance Volume (OBV): 19157888.73
- Volume Rate of Change: -55.44%
News & Sentiment Analysis
- Recent headlines summary: Neutral news headlines with no significant impact on the stock price.
- Sentiment assessment: NEUTRAL
- Catalyst identification: No imminent catalysts or events that could significantly impact the stock price.
- Market narrative: The neutral news sentiment and technical indicators suggest a consolidation phase, which may continue in the short term.
Risk & Volatility Assessment
- Beta interpretation: Low volatility - stock moves less than market (beta: 0.09)
- Volatility regime: Current vs historical volatility levels: Historical volatility is lower than current.
- Options market signals:
- IV Rank: Medium (43.2%)
- Put/Call volume ratio: Neutral (0.81)
- Put/Call OI ratio: Slightly bearish (1.49)
- Downside protection: Support levels and risk management considerations: $50.45 (lower band) and $50.77 (SMA 50).
Market Context & Positioning
- Sector performance: HYD is outperforming the sector.
- Institutional activity: Volume patterns suggest institutional interest, but no significant buying or selling pressure.
- Correlation analysis: HYD moves less than the market (R-squared interpretation).
- Relative valuation: HYD is positioned within its trading range.
Key Levels & Action Items
- Critical price levels:
- Support/resistance: $50.45 (lower band) and $51.34 (upper band)
- Breakout/breakdown levels: No significant technical levels to monitor.
- Time-sensitive catalysts: No imminent earnings dates or events that could significantly impact the stock price.
- Risk management: Consider stop-loss levels at $50.45 (lower band) and position sizing considerations based on risk tolerance.
Please note that this analysis is based on the provided data, and it does not constitute investment advice.
Generated
News
All HYD news →
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Showing 1–10 of 14
Page 1 of 2
HYD Options Activity & IV Rank
HYD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 9.1%
7-DTE IV: —
Expected Move: $1.05
7-DTE Move: $1.05
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 44
Put Volume: 116
P/C Volume: 2.636
BEARISH
Call OI: 237
Put OI: 112
P/C OI: 0.473
Total OI: 349
ATM Options Pricing
ATM Call: $0.28
ATM Put: $0.78
Call %: 0.6%
Put %: 1.6%
Chain Summary
Chain Volume: 2,124
Chain OI: 11,242
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.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 28th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
28%
vs own history
GEX tilt
-0.57
OI-weighted, today
Vanna tilt
+0.88
δ-sensitivity to IV
Charm tilt
-0.75
δ-decay vs time
Vanna tilt +0.88: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.75: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 24 ATM contracts, 9k 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
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 9.2% / 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)26.4MediumOct 21
Straddle Price (30 DTE)$1.05Oct 21
Beta Analysis
Risk Metrics
Beta: 0.1267
Alpha: -6.50%
Correlation: 0.3567
R-Squared: 12.7%
Stock Volatility: 4.5%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
HYD 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.
4 filers$5.74M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $3.45M | 60.08% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $1.53M | 26.72% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $412.08K | 7.17% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $346.05K | 6.02% | 2025-09-30 |
4 filers$7.37M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $3.42M | 46.38% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $1.94M | 26.26% | 2026-06-30 |
| 3 | Wolverine Trading, LLC Custodian | $1.42M | 19.25% | 2025-09-30 |
| 4 | Jane Street Group, LLC Custodian | $597.52K | 8.10% | 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
1.43M
SI % of Float
1.60%
Days to Cover
1.00
Short Vol Ratio
65.9%
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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