Zacks Investment ResearchT3·7d ago
INDA iShares MSCI India ETF
ETF 47.66 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.
INDA
$47.66
—
Key stats
$47.66
- 52-Week Range
- $45.21 – $55.50
- YTD
- -12.65%
- IV Rank (30D)
- 14.54
- Straddle Price
- $1.92
- P/C Vol Ratio
- 0.08
- Open
- $47.95
- Day Range
- $47.66 – $48.02
- Volume
- 5,128,157
- Prev Close
- $47.95
About
iShares MSCI India ETF (INDA) ETF
No description available.
- Exchange
- BATS
- Inception
- 2012-02-02
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 14, 2026issuer datathrough May 2026flows, SEC filings
International Equity
Single Country#10 of 163 by assets
iShares
India
Emerging Markets
Index-tracking
- Expense ratio
- 0.61% issuer, Oct 16, 2026
- Assets
- $5.9B issuer-reported, Oct 14, 2026
- Trailing yield
- — paid semi-annual
- Average daily volume
- $258M 30 sessions
- Holdings
- 171 top 10 are 34.2%
- Listed
- Feb 2, 2012 Cboe BZX
- Last fee change
- -1 bp filed Dec 19, 2025
- Net asset value
- $47.87 issuer, Oct 15, 2026 · closed +0.10% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 0.45% issuer, Sep 30, 2026
- Return on NAV, 1 year
- −9.9% issuer, through Sep 30, 2026 · 3 years +2.1% a year · 5 years +0.6% · 10 years +6.0%
- Tracking difference
- +2.43 pts vs index, after fees, FY 2025
Cost31
Liquidity100
Scale100
Diversification79
Moves with. US large-cap stocks (37% of its variance, beta 0.77); Emerging markets over US (6% of its variance, beta 0.13); Developed markets ex-US over US (6% of its variance, beta 0.33); Long Treasuries (3% of its variance, beta 0.16). These factors explain 45% of its daily moves over the last year.
Stated objective. The iShares MSCI India ETF (the Fund ) seeks to track the investment results of an index composed of Indian equities. (from the fund's prospectus)
All 171 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs
Fund flows
daily as of Oct 14, 2026issuer datathrough May 2026SEC filings- Oct 14, 2026
- −$9.4M latest day
- Latest 5 trading days
- −$37M
- Latest 21 trading days
- −$604M −10.3% of assets
- Year to date
- −$2.6B −$2.5B over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 14, 2026 | −$9.4M |
| Oct 13, 2026 | $0 |
| Oct 12, 2026 | −$28M |
| Oct 9, 2026 | $0 |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | −$33M |
| Oct 1, 2026 | $0 |
| Sep 30, 2026 | $0 |
| Sep 29, 2026 | $0 |
| Sep 28, 2026 | −$52M |
| Sep 25, 2026 | −$48M |
| Sep 24, 2026 | $0 |
| Sep 23, 2026 | −$43M |
| Sep 22, 2026 | $0 |
| Sep 21, 2026 | −$192M |
| Sep 18, 2026 | −$34M |
| Sep 17, 2026 | −$154M |
| Sep 16, 2026 | −$12M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- May 2026
- +$251M latest reported month
- Latest 3 months
- −$1.8B −26.4% of assets
- Latest 12 months
- −$1.4B −20.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$251M |
| Apr 2026 | −$572M |
| Mar 2026 | −$1.5B |
| Feb 2026 | +$37M |
| Jan 2026 | −$32M |
| Dec 2025 | +$67M |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | −$37M |
| Aug 2025 | −$661M |
| Jul 2025 | +$420M |
| Jun 2025 | +$608M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FLINFranklin FTSE India ETF | 88% | 0.19% | $2.5B | −9.2% | compare |
| INDXtrackers Nifty 500 India ETF | 77% | 0.19% | $4.5M | — | compare |
| INDHWisdomTree India Hedged Equity Fund | 72% | 0.64% | $5.6M | −12.9% | compare |
| INDYiShares S&P India Nifty 50 Index Fund | 65% | 0.65% | $513M | −18.2% | compare |
| EPIWisdomTree India Earnings Fund ETF | 63% | 0.84% | $1.8B | −7.5% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 14, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- Reporting earnings
- 2.6% of weight in 7 days; 2.6% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.08%
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
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | Nestle India Ltd | — | 0.72% | — |
| Exit | Nestle India Ltd | 0.63% | — | — |
| Exit | Max Healthcare Institute Ltd | 0.62% | — | — |
| New position | BSE Limited | — | 0.57% | — |
| New position | MAX HEALTHCARE INSTITUTE LIMITED | — | 0.57% | — |
| Exit | Bajaj Finserv Ltd | 0.56% | — | — |
| New position | ADANI POWER LIMITED | — | 0.53% | — |
| Exit | Jio Financial Services Ltd | 0.53% | — | — |
| New position | BAJAJ FINSERV LIMITED | — | 0.52% | — |
| New position | JIO FINANCIAL SERVICES LIMITED | — | 0.52% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.9%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 7 active of 40 with agreements; top 3 did 78%
- Created · redeemed
- $1.6B · $2.8B over the fiscal year
- Redemptions in kind
- 96% creations 88% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- +2.43 pts after fees; +2.43 before; daily s.d. 9.46
- 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 2026-10-14
Holdings
171
AUM
$5.9B
Provider
iShares (BlackRock)
Inception
2012-02-02
Exchange
BATS
Data As Of
2026-10-14
Expense Ratio
0.61%
Dividend Yield
—
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2024-12-17 | 2024-12-20 | $0.3994 | CD |
| 2023-06-07 | 2023-06-13 | $0.0801 | CD |
| 2021-12-30 | 2022-01-05 | $0.0301 | CD |
| 2021-12-13 | 2021-12-17 | $2.8794 | CD |
Asset Allocation
Top Holdings
top 50 of 171 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| HDFCBANK | HDFC BANK | 6.47% | Equity (Foreign) | IN |
| ICICIBANK | ICICI BANK | 5.68% | Equity (Foreign) | IN |
| RELIANCE | RELIANCE INDUSTRIES LTD | 5.38% | Equity (Foreign) | IN |
| BHARTIARTL | BHARTI AIRTEL LTD | 4.02% | Equity (Foreign) | IN |
| INFY | INFOSYS | 2.64% | Equity (Foreign) | IN |
| AXISBANK | AXIS BANK | 2.34% | Equity (Foreign) | IN |
| LT | LARSEN AND TOUBRO LTD | 1.96% | Equity (Foreign) | IN |
| — | MAHINDRA AND MAHINDRA LTD | 1.94% | Equity (Foreign) | IN |
| KOTAKBANK | KOTAK MAHINDRA BANK LTD | 1.91% | Equity (Foreign) | IN |
| BAJFINANCE | BAJAJ FINANCE LTD | 1.90% | Equity (Foreign) | IN |
| — | BLK CSH FND TREASURY SL AGENCY | 1.72% | Cash/Money Market | US |
| TCS | TATA CONSULTANCY SERVICES LTD | 1.50% | Equity (Foreign) | IN |
| SBIN | STATE BANK OF INDIA | 1.40% | Equity (Foreign) | IN |
| TITAN | TITAN COMPANY LTD | 1.26% | Equity (Foreign) | IN |
| SUNPHARMA | SUN PHARMACEUTICAL INDUSTRIES LTD | 1.25% | Equity (Foreign) | IN |
| ETERNAL | ETERNAL | 1.20% | Equity (Foreign) | IN |
| NTPC | NTPC LTD | 1.09% | Equity (Foreign) | IN |
| SHFL | SHRIRAM FINANCE LTD | 1.07% | Equity (Foreign) | IN |
| HINDUNILVR | HINDUSTAN UNILEVER LTD | 1.06% | Equity (Foreign) | IN |
| BEL | BHARAT ELECTRONICS LTD | 1.06% | Equity (Foreign) | IN |
| MARUTI | MARUTI SUZUKI INDIA LTD | 1.05% | Equity (Foreign) | IN |
| TATASTEEL | TATA STEEL LTD | 1.04% | Equity (Foreign) | IN |
| HCLTECH | HCL TECHNOLOGIES LTD | 0.93% | Equity (Foreign) | IN |
| HINDALCO | HINDALCO INDUSTRIES LTD | 0.91% | Equity (Foreign) | IN |
| ULTRACEMCO | ULTRATECH CEMENT LTD | 0.89% | Equity (Foreign) | IN |
| DIVISLAB | DIVIS LABORATORIES LTD | 0.86% | Equity (Foreign) | IN |
| POWERGRID | POWER GRID CORPORATION OF INDIA | 0.83% | Equity (Foreign) | IN |
| ADANIPORTS | ADANI PORTS AND SPECIAL ECONOMIC Z | 0.80% | Equity (Foreign) | IN |
| EICHERMOT | EICHER MOTORS LTD | 0.77% | Equity (Foreign) | IN |
| TVSMOTOR | TVS MOTOR COMPANY | 0.75% | Equity (Foreign) | IN |
| ASIANPAINT | ASIAN PAINTS | 0.72% | Equity (Foreign) | IN |
| INDIGO | INTERGLOBE AVIATION LTD | 0.71% | Equity (Foreign) | IN |
| TECHM | TECH MAHINDRA | 0.68% | Equity (Foreign) | IN |
| HAL | HINDUSTAN AERONAUTICS LTD | 0.66% | Equity (Foreign) | IN |
| NESTLEIND | NESTLE INDIA LTD | 0.64% | Equity (Foreign) | IN |
| TRENT | TRENT LTD | 0.63% | Equity (Foreign) | IN |
| APOLLOHOSP | APOLLO HOSPITALS ENTERPRISE | 0.63% | Equity (Foreign) | IN |
| ITC | ITC LTD | 0.63% | Equity (Foreign) | IN |
| GRASIM | GRASIM INDUSTRIES | 0.62% | Equity (Foreign) | IN |
| TMCV | TATA MOTORS LTD | 0.61% | Equity (Foreign) | IN |
| SBILIFE | SBI LIFE INSURANCE COMPANY LTD | 0.59% | Equity (Foreign) | IN |
| JSWSTEEL | JSW STEEL | 0.57% | Equity (Foreign) | IN |
| LAURUSLABS | LAURUS LABS LTD | 0.57% | Equity (Foreign) | IN |
| ADANIENT | ADANI ENTERPRISES | 0.56% | Equity (Foreign) | IN |
| BAJAJ.AUTO | BAJAJ AUTO | 0.55% | Equity (Foreign) | IN |
| MOTHERSON | SAMVARDHANA MOTHERSON INTERNATIONA | 0.54% | Equity (Foreign) | IN |
| BSE | BSE LTD | 0.53% | Equity (Foreign) | IN |
| CHOLAFIN | CHOLAMANDALAM INVESTMENT AND FINAN | 0.53% | Equity (Foreign) | IN |
| CIPLA | CIPLA LTD | 0.53% | Equity (Foreign) | IN |
| BAJAJFINSV | BAJAJ FINSERV LTD | 0.53% | Equity (Foreign) | IN |
Geographic Breakdown
Non-Equity Breakdown
iShares MSCI India ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-27)
Net assets:
$6.76B
· 171 total positions
· equity 99.89%
· non-equity 2.72%
Non-equity holdings
— 3 positions,
2.72% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 2.67% | $180.6M | 1 |
| Other | 0.05% | $3.1M | 1 |
| Derivative (equity) | -0.00% | $-60308 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -2.90% | -1.52% | -2.17% | 2.51% | -4.51% | -5.17% | -2.29% |
| Feb | 0.76% | -4.66% | -3.41% | 1.85% | -5.50% | -1.90% | -2.14% |
| Mar | 0.33% | 4.60% | 0.38% | -0.64% | 7.70% | -8.07% | 0.72% |
| Apr | -3.21% | -3.90% | 4.13% | 1.67% | 4.94% | 5.80% | 1.57% |
| May | 6.65% | -5.60% | 1.41% | 1.14% | 1.44% | -1.14% | 0.65% |
| Jun | -0.96% | -5.00% | 3.74% | 1.79% | 2.09% | 2.92% | 0.76% |
| Jul | 1.31% | 8.09% | 2.22% | 2.21% | -5.73% | 1.20% | 1.55% |
| Aug | 8.58% | 0.07% | -1.15% | 1.64% | -1.40% | -0.92% | 1.14% |
| Sep | -0.37% | -5.82% | -0.05% | 2.18% | -0.55% | -5.85% | -1.74% |
| Oct | -0.63% | 3.00% | -2.19% | -5.78% | 3.02% | 2.80%* | 0.04% |
| Nov | -3.88% | 4.29% | 6.04% | -0.15% | 0.87% | -- | 1.43% |
| Dec | -3.68% | -5.63% | 5.19% | -4.06% | -0.52% | -- | -1.74% |
| Total | 1.19% | -12.60% | 14.49% | 4.03% | 0.93% | -10.66% | -0.44% |
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: $47.05
SMA 50: $48.41
SMA 200: $49.50
Current: $47.66
EMA 12: $47.05
EMA 26: $47.38
MACD: -0.3328 | Signal: 0.2177
BEARISH
ADX (14): 27.74
TREND
+DI: 40.06
−DI: 35.25
Momentum Oscillators
RSI (14): 52.41
NEUTRAL
Stoch %K: 83.72
Stoch %D: 73.48
Williams %R: -13.32
Volume & Volatility
BB Upper: $48.64
BB Lower: $45.47
NEUTRAL
OBV: -124,766,356
Vol SMA 20: 5,379,262
Vol ROC: 18.60%
ATR: $0.53
True Range: $0.36
HV 20: 15.9%
HV 30: 15.8%
HV 60: 13.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis
LLM Stock Analysis Report - INDA
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10) Key Drivers: * Technical indicators suggest a consolidation phase, with no clear trend direction. * Risk-reward analysis indicates a relatively low-risk investment opportunity. Primary Risks: * Potential for a breakout above the upper Bollinger Band or a breakdown below the lower band. Recent News Sentiment Impact: * The recent news headlines have been mixed, with both positive and negative sentiment. However, the overall impact has been neutral.
Technical Analysis
Trend Direction: Range-bound (Short-term), Neutral (Medium-term), Bearish (Long-term) Support/Resistance Levels: * Lower Bollinger Band: $49.16 * Middle Line: $49.70 * Upper Bollinger Band: $50.25
Momentum Signals: * RSI: 42.49 (neutral) * MACD: Bullish momentum signal * Stochastic %K: 42.18 (oversold) * Williams %R: -98.76 (oversold)
Volume Analysis: * Volume SMA 20: 3991517.50 * On-Balance Volume (OBV): -105988209.56
News & Sentiment Analysis
Recent Headlines Summary: * The recent news headlines have been mixed, with both positive and negative sentiment.
Sentiment Assessment: Neutral Catalyst Identification: None Market Narrative: * The technical signals suggest a consolidation phase, which is supported by the neutral market narrative.
Risk & Volatility Assessment
Risk Metrics: * Beta: 0.66 (vs SPY) * Alpha: -0.18 * Correlation: 0.55 Stock Volatility: 0.15
Options Market Signals: * IV Rank: 9.7% (Low) * Current IV: 25.1% * Expected Move: $1.97 (38 DTE), 7-DTE: $1.02 * Volume Flow: 30 calls vs 43 puts * Open Interest: 276 calls vs 160 puts * Put/Call Volume Ratio: 1.43 (Bearish sentiment) * Put/Call OI Ratio: 0.58
Market Context & Positioning
Sector Performance: * No specific sector data available.
Institutional Activity: * No specific institutional activity data available.
Correlation Analysis: * Correlation with the market is low, indicating a relatively independent movement.
Relative Valuation: * INDA is trading within its historical range, indicating a potentially balanced risk-reward profile.
Key Levels & Action Items
Critical Price Levels: * Lower Bollinger Band: $49.16 * Middle Line: $49.70
Breakout/Breakdown Levels: * Upper Bollinger Band: $50.25
Time-Sensitive Catalysts: * None specific to INDA.
Risk Management: * Stop-loss levels could be set at the lower Bollinger Band or the middle line, depending on risk tolerance. * Position sizing considerations should prioritize relatively low-risk investments.
Please note that this report is intended for informational purposes only and should not be considered as personalized investment advice. The analysis provided is based solely on the data available at the time of writing and may change over time.
Generated
News
All INDA news →
BenzingaT3·6mo ago
GlobeNewswire Inc.T3·6mo ago
BenzingaT3·7mo ago
BenzingaT3·8mo ago
Investing.comT3·18mo ago
BenzingaT3·21mo ago
Zacks Investment ResearchT3·28mo ago
Zacks Investment ResearchT3·28mo ago
Zacks Investment ResearchT3·28mo ago
Showing 1–10 of 50
Page 1 of 5
INDA Options Activity & IV Rank
INDA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 16.5%
7-DTE IV: —
Expected Move: $1.92
7-DTE Move: $0.30
Days to Exp: 35 (2026-11-20)
Options Flow
Call Volume: 3,572
Put Volume: 295
P/C Volume: 0.083
BULLISH
Call OI: 5,312
Put OI: 1,348
P/C OI: 0.254
Total OI: 6,660
ATM Options Pricing
ATM Call: $0.90
ATM Put: $1.02
Call %: 1.9%
Put %: 2.2%
Chain Summary
Chain Volume: 12,758
Chain OI: 84,565
Last Updated: 10/16/2026
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 56th 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
56%
vs own history
GEX tilt
+0.40
OI-weighted, today
Vanna tilt
+0.75
δ-sensitivity to IV
Charm tilt
-0.73
δ-decay vs time
Vanna tilt +0.75: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.73: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 56 ATM contracts, 32k 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
No data
30 DTE / 10d
39%
+5.3
pts
EXTREME
ATM 16.0% / Wing 21.3%
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
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)14.5LowOct 16
Straddle Price (30 DTE)$1.92Oct 16
Beta Analysis
Risk Metrics
Beta: 0.7273
Alpha: -22.56%
Correlation: 0.5895
R-Squared: 34.8%
Stock Volatility: 15.7%
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
INDA 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.
20 filers$244.08M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | UBS Group AG Custodian | $29.88M | 12.24% | 2026-06-30 |
| 2 | TUDOR INVESTMENT CORP ET AL | $29.63M | 12.14% | 2026-06-30 |
| 3 | Calamos Advisors LLC | $26.72M | 10.95% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $25.45M | 10.43% | 2026-06-30 |
| 5 | LMR Partners LLP | $24.70M | 10.12% | 2026-06-30 |
| 6 | Citadel Advisors LLC Custodian | $23.48M | 9.62% | 2026-06-30 |
| 7 | Susquehanna International Group, LLP Custodian | $21.53M | 8.82% | 2026-06-30 |
| 8 | Wells Fargo & Company Custodian | $19.76M | 8.09% | 2026-06-30 |
| 9 | Eisler Capital Management Ltd. | $15.67M | 6.42% | 2025-09-30 |
| 10 | NOMURA HOLDINGS INC | $15.45M | 6.33% | 2026-06-30 |
| 11 | BNP Paribas Financial Markets Custodian | $3.70M | 1.52% | 2026-06-30 |
| 12 | Wolverine Trading, LLC Custodian | $2.20M | 0.90% | 2025-09-30 |
| 13 | Vontobel Holding Ltd. | $1.38M | 0.56% | 2026-06-30 |
| 14 | Twin Tree Management, LP | $1.08M | 0.44% | 2026-06-30 |
| 15 | Cubist Systematic Strategies, LLC | $1.07M | 0.44% | 2025-09-30 |
| 16 | Point72 Hong Kong Ltd | $994.35K | 0.41% | 2025-09-30 |
| 17 | Walleye Trading LLC | $691.46K | 0.28% | 2026-06-30 |
| 18 | Millennium Management LLC Custodian | $370.43K | 0.15% | 2026-06-30 |
| 19 | Squarepoint Ops LLC | $325.97K | 0.13% | 2026-06-30 |
| 20 | Point72 Asset Management, L.P. | $4.94K | <0.01% | 2026-06-30 |
14 filers$132.51M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Schonfeld Strategic Advisors LLC | $37.04M | 27.95% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $25.33M | 19.12% | 2026-06-30 |
| 3 | NOMURA HOLDINGS INC | $18.50M | 13.96% | 2026-06-30 |
| 4 | Eisler Capital Management Ltd. | $15.67M | 11.82% | 2025-09-30 |
| 5 | Jane Street Group, LLC Custodian | $8.23M | 6.21% | 2026-06-30 |
| 6 | Citadel Advisors LLC Custodian | $6.10M | 4.61% | 2026-06-30 |
| 7 | Cubist Systematic Strategies, LLC | $5.34M | 4.03% | 2025-09-30 |
| 8 | Point72 Asset Management, L.P. | $5.18M | 3.91% | 2026-06-30 |
| 9 | BNP Paribas Financial Markets Custodian | $3.70M | 2.80% | 2026-06-30 |
| 10 | Wolverine Trading, LLC Custodian | $3.41M | 2.57% | 2025-09-30 |
| 11 | Squarepoint Ops LLC | $2.02M | 1.52% | 2026-06-30 |
| 12 | K2 PRINCIPAL FUND, L.P. | $1.23M | 0.93% | 2026-06-30 |
| 13 | PEAK6 LLC | $602.56K | 0.45% | 2026-06-30 |
| 14 | Concurrent Investment Advisors, LLC | $148.17K | 0.11% | 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
20.48M
SI % of Float
16.54%
Days to Cover
4.06
Short Vol Ratio
77.5%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-16
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|