INMU iShares Intermediate Muni Income Active ETF

ETF 23.28 Delayed

ETF 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.

INMU $23.28 —
Key stats
$23.28
52-Week Range
$22.65 – $24.58
YTD
-3.28%
IV Rank (30D)
3.55
Straddle Price
$1.62
P/C Vol Ratio
0.50
Open
$23.26
Day Range
$23.21 – $23.32
Volume
1,872,445
Prev Close
$23.26
About

iShares Intermediate Muni Income Active ETF (INMU) ETF

No description available.

Exchange
ARCX
Inception
2021-03-16
Has Options
Yes
Homepage
https://www.ishares.com/us
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
Municipal Bond National Muni#23 of 70 by assets iShares US Actively managed
Expense ratio
0.30%
issuer, Oct 21, 2026
Assets
$680M
issuer-reported, Oct 19, 2026
Trailing yield
3.44%
paid monthly
Average daily volume
$21M
30 sessions
Holdings
592
top 10 are 8.7%
Listed
Mar 16, 2021
NYSE Arca
Net asset value
$23.20
issuer, Oct 20, 2026 · closed +0.26% to NAV
Median bid/ask spread
0.04%
30 days, issuer-reported
30-day SEC yield
3.96%
issuer, Oct 19, 2026
Return on NAV, 1 year
−1.1%
issuer, through Sep 30, 2026 · 3 years +3.8% a year · 5 years +0.8%
Distributions, 12 months
$0.80 a share
issuer, through Oct 1, 2026: 100% income
Closure risk, 12 months
0.3%
low · model
FrenzyCap ETF score
66
how it is built
Cost37
Liquidity77
Scale68
Diversification100

Moves with. Long Treasuries (26% of its variance, beta 0.17); US large-cap stocks (3% of its variance, beta 0.03). These factors explain 32% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. The iShares Intermediate Muni Income Active ETF (the Fund) seeks to maximize tax-free current income. (from the fund's prospectus)

All 592 holdingsFlow historyOverlap toolAll National Muni ETFs

Fund flows
daily as of Oct 19, 2026issuer datathrough Jul 2026SEC filings
Oct 19, 2026
$0
latest day
Latest 5 trading days
−$25M
Latest 21 trading days
+$134M
+19.7% of assets
Year to date
+$440M
+$496M over 12 months
Each day
Net creations of INMU by day, Sep 21, 2026 to Oct 19, 2026
DayNet flow
Oct 19, 2026$0
Oct 16, 2026$0
Oct 15, 2026$0
Oct 14, 2026−$25M
Oct 13, 2026$0
Oct 12, 2026$0
Oct 9, 2026+$11M
Oct 8, 2026+$25M
Oct 7, 2026$0
Oct 6, 2026$0
Oct 5, 2026$0
Oct 2, 2026+$2.3M
Oct 1, 2026$0
Sep 30, 2026+$2.3M
Sep 29, 2026+$14M
Sep 28, 2026+$77M
Sep 25, 2026+$4.6M
Sep 24, 2026$0
Sep 23, 2026+$23M
Sep 22, 2026$0
Sep 21, 2026$0

Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.

Jul 2026
+$26M
latest reported month
Latest 3 months
+$89M
+16.5% of assets
Latest 12 months
+$425M
+78.9% of assets
Aug 2025: +$19MSep 2025: +$24MSepOct 2025: +$43MNov 2025: +$12M+$12MNovDec 2025: +$36MJan 2026: +$85M+$85MJanFeb 2026: +$41MMar 2026: +$62MMarApr 2026: +$14MMay 2026: +$31MMayJun 2026: +$31MJul 2026: +$26MJul
View as a table
Net flows of INMU by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$26M
Jun 2026+$31M
May 2026+$31M
Apr 2026+$14M
Mar 2026+$62M
Feb 2026+$41M
Jan 2026+$85M
Dec 2025+$36M
Nov 2025+$12M
Oct 2025+$43M
Sep 2025+$24M
Aug 2025+$19M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 65 months ago

Similar funds
FundOverlapFeeAssets1Y
MUBiShares National Muni Bond ETF—0.05%$51.7B−4.7%compare
VTEBVanguard Tax-Exempt Bond Index Fund—0.03%$50.4B−5.0%compare
JMUBJPMorgan Municipal ETF—0.18%$8.7B−4.9%compare
CGMUCapital Group Municipal Income ETF—0.27%$7.2B−4.0%compare
PZAInvesco National AMT-Free Municipal Bond ETF—0.28%$4.1B−8.0%compare

The largest other funds in the National Muni category.

Under the hood
fiscal year to Jul 31, 2025SEC census
Authorized participants
5 active
of 35 with agreements; top 3 did 88%
Created · redeemed
$98M · $2.4M
over the fiscal year
Redemptions in kind
0%
creations 0% in kind
Creation unit
100,000
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.

ETF Profile
holdings as of 2026-10-20
Holdings
595
AUM
$687.7M
Provider
iShares (BlackRock)
Inception
2021-03-16
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.30%
Dividend Yield
3.44%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-01 2026-10-06 $0.0601 CD
2026-09-01 2026-09-04 $0.0692 CD
2026-08-03 2026-08-06 $0.0692 CD
2026-07-01 2026-07-07 $0.0664 CD
2026-06-01 2026-06-04 $0.0667 CD
2026-05-01 2026-05-06 $0.0692 CD
Asset Allocation
Top Holdings
top 50 of 595 holdings
Symbol Name Weight % Asset Class Country
— BLACKROCK LIQ MUNICASH CL INS MMF 3.45% Cash/Money Market US
— CENTRAL VALLEY ENERGY AUTH CALIF 1.12% Municipal Bond US
— TENNESSEE ENERGY ACQUISITION C 1.10% Municipal Bond US
— AQUARION WATER AUTHORITY CT 0.98% Municipal Bond US
— CALIFORNIA CMNTY CHOICE FING A 0.80% Municipal Bond US
— SOUTHERN CALIFORNIA PUBLIC POWER A 0.80% Municipal Bond US
— CONNECTICUT ST SPL TAX OBLIG R 0.77% Municipal Bond US
— CALIFORNIA INFRASTRUCTURE & EC 0.77% Municipal Bond US
— NEW YORK CITY MUNICIPAL WATER FINA 0.76% Municipal Bond US
— BLACK BELT ENERGY GAS DIST 0.76% Municipal Bond US
— MISSOURI ST HEALTH & EDL FACS 0.76% Municipal Bond US
— BLACK BELT ENERGY GAS DIST ALA 0.75% Municipal Bond US
— DALLAS FORT WORTH TEX INTL ARP 0.67% Municipal Bond US
— UNIVERSITY OF CONNECTICUT 0.63% Municipal Bond US
— CALIFORNIA STATEWIDE CMNTYS DE 0.61% Municipal Bond US
— MINNESOTA ST HSG FIN AGY 0.60% Municipal Bond US
— CALIFORNIA HSG FIN AGY LTD OBL 0.58% Municipal Bond US
— CALIFORNIA CMNTY CHOICE FING A 0.54% Municipal Bond US
— STATE PUB SCH BLDG AUTH PA LEA 0.53% Municipal Bond US
— MATAGORDA CNTY TEX NAV DIST NO 0.52% Municipal Bond US
— TARRANT CNTY TEX CULTURAL ED F 0.50% Municipal Bond US
— OHIO ST AIR QUALITY DEV AUTH R 0.49% Municipal Bond US
— OHIO ST AIR QUALITY DEV AUTH R 0.48% Municipal Bond US
— MARYLAND (STATE OF) 0.48% Municipal Bond US
— BLACK BELT ENERGY GAS DIST 0.48% Municipal Bond US
— HARRIS CNTY TEX INDL DEV CORP 0.48% Municipal Bond US
— MAIN STREET NATURAL GAS INC GA 0.47% Municipal Bond US
— MISSOURI ST HEALTH & EDL FACS 0.47% Municipal Bond US
— NEW JERSEY ST TURNPIKE AUTHORITY 0.47% Municipal Bond US
— OKLAHOMA CITY OKLA PUBLIC PROPERTY 0.46% Municipal Bond US
— MINNESOTA ST 0.46% Municipal Bond US
— PUBLIC FIN AUTH WIS SOLID WAST 0.46% Municipal Bond US
— SOUTHEAST ALA GAS SUPPLY DIST 0.45% Municipal Bond US
— CALIFORNIA (STATE OF) 0.45% Municipal Bond US
— FAIRFAX CNTY VA INDL DEV AUTH 0.45% Municipal Bond US
— PORT MORROW ORE 0.45% Municipal Bond US
— ALABAMA TOLL ROAD BRIDGE AND TUNNE 0.45% Municipal Bond US
— WASHINGTON (STATE OF) 0.44% Municipal Bond US
— KENTUCKY STATE PROPERTY AND BUILDI 0.44% Municipal Bond US
— OMAHA PUB PWR DIST NEB SEPARAT 0.44% Municipal Bond US
— NEW YORK N Y CITY TRANSITIONAL 0.43% Municipal Bond US
— CHICAGO ILL O HARE INTL ARPT 0.43% Municipal Bond US
— DENVER COLO CITY & CNTY BRD WT 0.43% Municipal Bond US
— MINNESOTA ST 0.42% Municipal Bond US
— LOS ANGELES DEPARTMENT OF AIRPORTS 0.41% Municipal Bond US
— TARRANT CNTY TEX CULTURAL ED F 0.41% Municipal Bond US
— LEE CNTY FLA ARPT REV 0.40% Municipal Bond US
— CALIFORNIA CMNTY CHOICE FING AUTH 0.40% Municipal Bond US
— SAN ANTONIO TEX ELEC & GAS REV 0.39% Municipal Bond US
— TEXAS TRANSPORTATION COMMISSION 0.39% Municipal Bond US
Non-Equity Breakdown
iShares Intermediate Muni Income Active ETF · NPORT-P period 2026-07-31 (filed 2026-09-25)
Net assets: $539M · 458 total positions · equity 0.00% · non-equity 100.17%
Non-equity holdings — 458 positions, 100.17% of NAV
Category Weight Value Positions
Municipal 95.95% $517.1M 456
Short-term investment 4.18% $22.6M 1
Derivative (equity) 0.03% $180032 1
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan---2.04%1.97%-0.04%0.38%1.04%0.26%
Feb---0.38%-1.75%-0.21%1.08%1.07%-0.04%
Mar0.34%-2.86%1.75%0.38%-0.84%-2.17%-0.57%
Apr0.87%-2.05%0.02%-0.76%-1.40%0.88%-0.41%
May0.43%0.97%-0.85%0.08%0.19%0.29%0.18%
Jun0.38%-0.65%1.05%0.75%0.75%0.66%0.49%
Jul0.82%1.82%0.34%1.54%-0.13%-1.72%0.45%
Aug-0.08%-1.68%-0.98%0.46%0.66%-0.25%-0.31%
Sep-0.51%-3.30%-2.19%0.61%2.13%-2.72%-1.00%
Oct-0.27%-0.93%-1.21%-0.94%1.07%1.57%*-0.12%
Nov0.48%2.53%5.00%1.37%0.42%--1.96%
Dec0.14%-1.09%1.41%-1.32%-0.12%---0.20%
Total2.62%-9.41%4.43%1.89%4.22%-1.45%0.39%
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: $23.00
SMA 50: $23.32
SMA 200: $23.93
Current: $23.29
EMA 12: $23.15
EMA 26: $23.15
MACD: -0.0044 | Signal: 0.0674
BEARISH
ADX (14): 31.20
TREND
+DI: 27.26
−DI: 17.86

Momentum Oscillators

RSI (14): 59.27
NEUTRAL
Stoch %K: 89.22
Stoch %D: 93.27
Williams %R: -11.11

Volume & Volatility

BB Upper: $23.35
BB Lower: $22.65
NEUTRAL
OBV: 1,510,115
Vol SMA 20: 1,014,298
Vol ROC: 144.69%
ATR: $0.13
True Range: $0.11
HV 20: 6.4%
HV 30: 5.9%
HV 60: 4.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

INMU Stock Analysis Report

iShares Intermediate Muni Income Active ETF

Executive Summary

Overall Assessment: NEUTRAL | Confidence: 6/10

INMU is an actively managed municipal bond ETF with low volatility (beta 0.07) and minimal correlation to equity markets (0.29 R-squared). The fund exhibits neutral technical positioning with conflicting signals: price hovers near key moving averages while momentum indicators show bearish MACD divergence offset by neutral RSI and elevated Stochastic %K readings. The most significant finding is strong inflow momentum ($425M over 12 months, +78.9% of assets) coupled with a compressed valuation environment in fixed income.

Key Drivers: Municipal bond demand, interest rate regime, credit quality of underlying holdings Primary Risks: Rising interest rates pressure bond valuations; concentrated top-10 holdings (8.4%) in illiquid municipal securities; IV premium 256.9% above realized volatility suggests elevated options pricing

Investment Thesis: INMU offers defensive positioning with stable yield (3.47%) and substantial fund inflows signaling institutional confidence in municipal credit. However, the significant IV premium and bearish MACD warrant caution on near-term directional moves, particularly given the fund's illiquid underlying market.

Recent News Sentiment Impact: Minimal — available headlines (dated 2023-2024) are generic bond market commentary with NEUTRAL sentiment. No fund-specific catalysts or credit events identified in recent news.

Technical Analysis

Trend Direction

| Timeframe | Direction | Conviction | |-----------|-----------|-----------| | Short-term (1-4 weeks) | WEAK DOWNTREND | Low — ADX 36.77 shows strong trend regime, but -DI (22.92) slightly exceeds +DI (21.48), indicating downward pressure; price at $23.08 sits below SMA 50 ($23.38) and SMA 200 ($23.95) | | Medium-term (1-3 months) | SIDEWAYS/CONSOLIDATION | Moderate — EMA 12 ($22.98) and EMA 26 ($23.09) are tightly clustered with minimal separation; price oscillating within narrow range | | Long-term (3-12 months) | STABLE | High — Fund inflows (+78.9% YoY) suggest institutional confidence; low volatility regime (HV60 4.6%) reflects structural stability of municipal bond holdings |

Support/Resistance Levels

| Level | Price | Type | Interpretation | |-------|-------|------|-----------------| | Immediate Resistance | $23.32 | Bollinger Upper Band | Price trades at neutral positioning; breakout above would require 0.10% move | | Primary Support | $23.38 | SMA 50 | Critical support; breach would target SMA 200 at $23.95 | | Secondary Support | $22.67 | Bollinger Lower Band | Soft floor; consistent with typical bond fund support | | Psychological Level | $23.00 | Round number + EMA 12 | Nearby; testing in recent trading |

Technical Setup: Bollinger Band width of 2.84% indicates minimal volatility compression; bands are neither squeezing nor explosively expanding, reflecting the fund's structural low-volatility profile. This suggests limited near-term directional catalyst from technical setups alone.

Momentum Signals

RSI (14): 48.52 — NEUTRAL

  • Deep within neutral band (30-70), 2.48 points below midpoint
  • No overbought/oversold conditions present
  • Suggests balanced buying/selling pressure with no imminent reversal
  • Typical for bond funds with stable yield expectations

MACD: -0.11 / Signal: 0.04 / Histogram: -0.16 — BEARISH DIVERGENCE

  • MACD line (-0.11) sits below signal line (0.04) = bearish configuration
  • Histogram negative (-0.16) and widening = momentum deteriorating
  • Critical conflict: This bearish signal contradicts neutral RSI and positive fund flows
  • Interpretation: Suggests technical weakness in recent price action despite strong fundamental inflows

Stochastic Oscillators: %K 74.46 / %D 58.83 — OVERBOUGHT SIGNAL

  • %K (74.46) exceeds 70 threshold (overbought territory)
  • %D (58.83) remains neutral, but %K approaching it
  • Divergence: Fast stochastic overbought while RSI neutral suggests momentum exhaustion rather than sustained strength
  • Potential pullback catalyst within 1-4 week horizon

Williams %R: -14.00 — NEUTRAL/SLIGHTLY STRONG

  • Readings from -100 to 0; at -14.00, indicates price near recent highs
  • Consistent with stochastic overbought reading
  • No extreme condition

Momentum Summary: Mixed signals with bearish lean. MACD bearish divergence + overbought stochastic suggest near-term pullback risk despite positive inflows. RSI neutrality prevents extreme reversal call.

Volume Analysis

Critical Red Flag: Volume Collapse

  • Volume Rate of Change: -57.35% — dramatic contraction relative to 20-day moving average
  • Volume SMA 20: 1,027,256 shares/day
  • Interpretation: Recent trading shows significantly reduced participation — possible signs of:
    • Reduced retail/institutional interest in near-term trading
    • Illiquidity concerns in underlying municipal bond holdings
    • Summer trading doldrums (data context suggests mid-2024)

On-Balance Volume (OBV): -1,735,525.60 — NEGATIVE ACCUMULATION

  • Strongly negative OBV indicates cumulative selling pressure
  • Contradicts positive fund inflows (SEC filing data)
  • Data Quality Flag: OBV calculation may be distorted by the ETF's bond holding structure or require context from fund transactions vs. secondary market trading

Volume Interpretation: The 57% volume decline is concerning for an ETF tracking bond positions. While fund inflows are strong ($26M in latest month), secondary market trading is anemic. This suggests:

  • Investors adding via primary issuance, not secondary market trades
  • Limited liquidity in the fund's trading — potential spread widening
  • Lower institutional algorithmic trading activity typical of summer

News & Sentiment Analysis

Recent Headlines Summary

| Headline | Date | Sentiment | Relevance | |----------|------|-----------|-----------| | Total Return Gov/Credit Second-Quarter Review | 2024-06-28 | NEUTRAL | Generic fixed income sector review; no INMU-specific commentary | | The Headwinds Of Higher Yields - Q3 2023 Muni Review | 2023-10-03 | NEUTRAL | Outdated (9+ months old); discusses rate headwinds but pre-dates current holdings |

Headline Assessment:

  • Extremely limited recent data — only 2 headlines, both generic sector commentary
  • No fund-specific catalysts — no mention of INMU, manager changes, strategy pivots, or credit events
  • Data Staleness: Q3 2023 reference is 9+ months old relative to analysis date (2026-10); current holdings [2026-10-12] supersede this narrative
  • Sentiment: Uniformly NEUTRAL with no actionable directional signal

Sentiment Assessment: NEUTRAL → MILDLY POSITIVE (based on fund flows, not news)

News Sentiment: Neutral (per headlines) Implied Sentiment (from fund flows): Mildly positive — the $425M inflow over 12 months (+78.9% of assets) suggests investors view INMU favorably despite generic news environment. This is a disconnect worth noting: positive capital flows despite neutral/negative news narratives about higher yields.

Catalyst Identification

Near-term (1-4 weeks):

  • None identified from news
  • Technical: Stochastic overbought resolution (potential 1-2% pullback to test support)
  • Market: Federal Reserve policy statements; 10-year Treasury yield movements (directly impact municipal bond valuations)

Medium-term (1-3 months):

  • Q3 2026 earnings season for holdings (no INMU fund earnings, but look-through exposure to utilities, energy authorities, water systems with Q3 earnings)
  • Municipal bond supply calendar — significant new issuance could pressure spreads
  • Tax-loss harvesting period (September-December) could drive
Generated
News
All INMU news →

INMU Options Activity & IV Rank

INMU IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 17.2%
7-DTE IV: —
Expected Move: $1.62
7-DTE Move: $1.62
Days to Exp: 30 (2026-11-20)

Options Flow

Call Volume: 200
Put Volume: 100
P/C Volume: 0.5
BULLISH
Call OI: 200
Put OI: 100
P/C OI: 0.5
Total OI: 300

ATM Options Pricing

ATM Call: $0.90
ATM Put: $0.72
Call %: 3.9%
Put %: 3.1%

Chain Summary

Chain Volume: 950
Chain OI: 950
Last Updated: 10/21/2026
Spread Scanner GPU
Full Algorithm Docs ↗

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:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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 17.2% / Wing —

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)3.5LowOct 21
Straddle Price (30 DTE)$1.62Oct 21
Beta Analysis

Risk Metrics

Beta: 0.0759
Alpha: -4.64%
Correlation: 0.2954
R-Squared: 8.7%
Stock Volatility: 3.3%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

INMU Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional 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.

137 filers27,140,886 shares$655.03M value
# Filer Shares Value % of Total % of Float Period
1 Dynasty Wealth Management, LLC 3,921,776 $95.10M 14.52% — 2026-06-30
2 LPL Financial LLC Custodian 2,896,977 $70.25M 10.72% — 2026-06-30
3 JPMorgan Chase & Co Custodian 2,674,126 $64.85M 9.90% — 2026-06-30
4 Arax Advisory Partners Custodian 2,463,671 $59.74M 9.12% — 2026-06-30
5 SAGESPRING WEALTH PARTNERS, LLC 2,129,632 $51.64M 7.88% — 2026-06-30
6 Vestmark Advisory Solutions, Inc. 1,861,458 $45.14M 6.89% — 2026-06-30
7 OpenArc Corporate Advisory, LLC 1,354,996 $32.86M 5.02% — 2026-06-30
8 Larson Financial Group LLC 1,132,001 $27.45M 4.19% — 2026-06-30
9 COMMONWEALTH EQUITY SERVICES, LLC 965,914 $23.42M 3.58% — 2026-06-30
10 Envestnet Asset Management, Inc. 507,001 $12.29M 1.88% — 2026-06-30
11 Merit Financial Group, LLC Custodian 481,235 $11.67M 1.78% — 2026-06-30
12 Cetera Investment Advisers Custodian 387,172 $9.39M 1.43% — 2026-06-30
13 Janney Montgomery Scott LLC 329,844 $8.00M 1.22% — 2026-06-30
14 Resonant Capital Advisors, LLC 304,042 $6.96M 1.06% — 2026-09-30
15 OSAIC HOLDINGS, INC. Custodian 277,765 $6.74M 1.03% — 2026-06-30
16 UNIQUE WEALTH, LLC 265,247 $6.07M 0.93% — 2026-09-30
17 Skyline Advisors, Inc. 232,920 $5.65M 0.86% — 2026-06-30
18 Paulson Wealth Management Inc. 225,374 $5.47M 0.83% — 2026-06-30
19 Keystone Financial Group, Inc. 190,432 $4.36M 0.67% — 2026-09-30
20 McKinley Carter Wealth Services, Inc. 189,572 $4.34M 0.66% — 2026-09-30
21 Advisory Resource Group 174,726 $4.24M 0.65% — 2026-06-30
22 Elevated Financial Group LLC 176,728 $4.05M 0.62% — 2026-09-30
23 Summit Financial, LLC 166,220 $4.03M 0.62% — 2026-06-30
24 Archer Investment Management, LLC 173,896 $3.98M 0.61% — 2026-09-30
25 FORTE ASSET MANAGEMENT LLC 170,000 $3.89M 0.59% — 2026-09-30
# 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
76.27K
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
78.4%
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