Zacks Investment ResearchT3·20d ago
IPO Renaissance IPO ETF
ETF 48.47 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.
IPO
$48.47
—
Key stats
$48.47
- 52-Week Range
- $39.30 – $60.33
- YTD
- +3.08%
- IV Rank (30D)
- 37.74
- Straddle Price
- $3.42
- P/C Vol Ratio
- 0.17
- Open
- $49.07
- Day Range
- $48.41 – $49.23
- Volume
- 68,408
- Prev Close
- $50.39
About
Renaissance IPO ETF (IPO) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2013-10-16
- Has Options
- Yes
Fund profile
holdings as of Oct 9, 2026third-party datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.60% prospectus, filed Jan 23, 2026
- Assets
- $141M shares × price, Oct 21, 2026
- Trailing yield
- 0.12% paid quarterly
- Average daily volume
- $747K 30 sessions
- Holdings
- 55 top 10 are 62.4%
- Listed
- Oct 16, 2013 NYSE Arca
- Tracking difference
- -0.08 pts vs index, after fees, FY 2025
Cost38
Liquidity29
Scale43
Diversification45
Moves with. US large-cap stocks (33% of its variance, beta 1.10); Value over growth (21% of its variance, beta -0.69); Small caps over large (14% of its variance, beta 1.04); Emerging markets over US (5% of its variance, beta 0.19). These factors explain 75% of its daily moves over the last year.
Stated objective. The Renaissance IPO ETF (the ?Fund?), a series of Renaissance Capital Greenwich Funds (the ?Trust?), seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the ?Index?). (from the fund's prospectus)
All 55 holdingsFlow historySimilar fundsOverlap toolAll IPOs & Special Situations ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$12M latest reported month
- Latest 3 months
- +$11M +6.3% of assets
- Latest 12 months
- −$3.9M −2.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$12M |
| May 2026 | $0 |
| Apr 2026 | −$228K |
| Mar 2026 | −$6.3M |
| Feb 2026 | +$2.2M |
| Jan 2026 | −$4.7M |
| Dec 2025 | $0 |
| Nov 2025 | −$9.3M |
| Oct 2025 | −$17M |
| Sep 2025 | +$4.9M |
| Aug 2025 | +$15M |
| Jul 2025 | +$12K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 78 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FPXFirst Trust US Equity Opportunities ETF | 21% | 0.57% | $1.4B | +7.3% | compare |
| ARKWARK Next Generation Technology ETF | 17% | 0.76% | $1.9B | −7.6% | compare |
| ARKKARK Innovation ETF | 17% | 0.75% | $6.4B | −5.1% | compare |
| SPRXSpear Alpha ETF | 16% | 0.75% | $292M | +1.5% | compare |
| BCSMBaron SMID Cap ETF | 14% | 0.75% | $33M | — | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 9, 2026third-party data- Holdings vs fair value
- +5.9% 31% under, 25% over · 90% covered
- Price / earnings
- — 36% loss-making · 66% covered
- Price / book · sales
- 6.0 · 3.4 revenue growth +16.0%
- Above 200-day average
- 61% 44% above 50-day · by weight
- Short interest
- 11.0% of float, weighted · 3.3 days to cover
- Insider buying
- 3% of weight had net insider buying, 90 days; 61% net selling
- 13F holders
- +6.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 8.8% of weight in 7 days; 45.7% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.28%
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
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | KVUEKenvue Inc | 9.96% | — | — |
| Decrease | ALABAstera Labs Inc | 5.53% | 12.30% | −34.0% |
| Exit | CAVACava Group Inc | 3.21% | — | — |
| New position | CBRSCerebras Systems Inc | — | 2.15% | — |
| New position | KGSKodiak Gas Services Inc | — | 2.08% | — |
| Exit | ATMUAtmus Filtration Technologies Inc | 1.84% | — | — |
| New position | APGEApogee Therapeutics Inc | — | 1.64% | — |
| Increase | FPSForgent Power Solutions Inc | 0.66% | 2.00% | +107.7% |
| Increase | CHYMChime Financial Inc | 0.24% | 1.49% | +631.1% |
| Decrease | ARMARM Holdings PLC | 7.46% | 8.71% | −34.9% |
Under the hood
fiscal year to Sep 30, 2025SEC census- Authorized participants
- 6 active of 13 with agreements; top 3 did 85%
- Created · redeemed
- $71M · $64M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 9.74% of assets on loan on average; earned 54.7 bp
- Return vs index
- -0.08 pts after fees; +0.52 before; daily s.d. 0.19
- 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 2026-06-30
Holdings
54
AUM
$187.8M
Provider
Nport
Inception
2013-10-16
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.60%
Dividend Yield
0.12%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-12 | 2026-06-22 | $0.0306 | CD |
| 2026-03-13 | 2026-03-20 | $0.0306 | CD |
| 2025-09-12 | 2025-09-19 | $0.1758 | CD |
| 2025-06-13 | 2025-06-20 | $0.0535 | CD |
| 2025-03-14 | 2025-03-21 | $0.0724 | CD |
| 2024-12-13 | 2024-12-20 | $0.0347 | CD |
Asset Allocation
Top Holdings
top 50 of 54 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| ALAB | Astera Labs Inc | 12.30% | Equity (common) | US |
| CRWV | CoreWeave Inc | 9.26% | Equity (common) | US |
| ARM | ARM Holdings PLC | 8.71% | Equity (common) | GB |
| RDDT | Reddit Inc | 6.51% | Equity (common) | US |
| — | Viking Holdings Ltd | 5.21% | Equity (common) | BM |
| MDLN | Medline Inc | 4.97% | Equity (common) | US |
| — | State Street Global Advisors | 3.59% | Short-term investment | US |
| RBRK | Rubrik Inc | 3.50% | Equity (common) | US |
| CRCL | Circle Internet Group Inc | 3.15% | Equity (common) | US |
| BTSG | BrightSpring Health Services Inc | 3.12% | Equity (common) | US |
| AHR | American Healthcare REIT Inc | 2.80% | Equity (common) | US |
| KSPI | Kaspi.KZ JSC | 2.59% | Equity (common) | KZ |
| ULS | UL Solutions Inc | 2.20% | Equity (common) | US |
| CBRS | Cerebras Systems Inc | 2.15% | Equity (common) | US |
| KGS | Kodiak Gas Services Inc | 2.08% | Equity (common) | US |
| CART | Maplebear Inc | 2.04% | Equity (common) | US |
| FPS | Forgent Power Solutions Inc | 2.00% | Equity (common) | US |
| SARO | StandardAero Inc | 1.92% | Equity (common) | US |
| TEM | Tempus AI Inc | 1.75% | Equity (common) | US |
| — | Amer Sports Inc | 1.75% | Equity (common) | KY |
| APGE | Apogee Therapeutics Inc | 1.64% | Equity (common) | US |
| CHYM | Chime Financial Inc | 1.49% | Equity (common) | US |
| LGN | Legence Corp | 1.37% | Equity (common) | US |
| FIGR | Figure Technology Solutions Inc | 1.22% | Equity (common) | US |
| TTAN | ServiceTitan Inc | 1.19% | Equity (common) | US |
| — | Klarna Group PLC | 1.16% | Equity (common) | GB |
| FIG | Figma Inc | 1.08% | Equity (common) | US |
| LOAR | Loar Holdings Inc | 1.00% | Equity (common) | US |
| MAIR | Madison Air Solutions Corp | 0.98% | Equity (common) | US |
| KRMN | Karman Holdings Inc | 0.96% | Equity (common) | US |
| LINE | Lineage Inc | 0.84% | Equity (common) | US |
| EQPT | EquipmentShare.com Inc | 0.66% | Equity (common) | US |
| FLY | Firefly Aerospace Inc | 0.64% | Equity (common) | US |
| CAI | Caris Life Sciences Inc | 0.62% | Equity (common) | US |
| KVYO | Klaviyo Inc | 0.59% | Equity (common) | US |
| ARXS | Arxis Inc | 0.56% | Equity (common) | US |
| PACS | PACS Group Inc | 0.54% | Equity (common) | US |
| LB | Landbridge Co LLC | 0.54% | Equity (common) | US |
| PONY | Pony AI Inc | 0.50% | Equity (common) | KY |
| FRVO | Fervo Energy Co | 0.50% | Equity (common) | US |
| — | Birkenstock Holding Plc | 0.49% | Equity (common) | JE |
| VG | Venture Global Inc | 0.47% | Equity (common) | US |
| JAN | Janus Living Inc | 0.37% | Equity (common) | US |
| NTSK | Netskope Inc | 0.35% | Equity (common) | US |
| MWH | Solv Energy Inc | 0.35% | Equity (common) | US |
| INGM | Ingram Micro Holding Corp | 0.34% | Equity (common) | US |
| SFD | Smithfield Foods Inc | 0.31% | Equity (common) | US |
| SAIL | SailPoint Inc | 0.27% | Equity (common) | US |
| XE | X-Energy Inc | 0.22% | Equity (common) | US |
| CBC | Central BanCo Inc | 0.17% | Equity (common) | US |
Geographic Breakdown
Non-Equity Breakdown
Renaissance IPO ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-25)
Net assets:
$182M
· 54 total positions
· equity 99.85%
· non-equity 3.59%
Non-equity holdings
— 1 positions,
3.59% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 3.59% | $6.5M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 6.79% | -18.55% | 17.80% | -5.94% | 5.53% | -5.04% | 0.10% |
| Feb | -3.55% | -3.84% | -4.76% | 13.67% | -9.19% | -1.80% | -1.58% |
| Mar | -10.40% | -2.26% | 4.76% | 4.64% | -7.37% | -4.21% | -2.47% |
| Apr | -1.80% | -20.24% | -4.38% | -9.21% | 1.43% | 15.38% | -3.14% |
| May | 0.57% | -14.45% | 7.47% | 5.43% | 9.93% | 13.95% | 3.82% |
| Jun | 7.54% | -1.31% | 8.14% | 2.39% | 3.96% | 2.24% | 3.83% |
| Jul | -3.57% | 5.57% | 10.13% | 0.79% | 3.83% | -13.31% | 0.57% |
| Aug | 5.39% | -2.28% | -9.68% | 8.41% | 8.94% | 0.24% | 1.84% |
| Sep | -4.53% | -8.92% | -3.17% | 5.72% | 1.70% | 1.33% | -1.31% |
| Oct | 6.97% | -3.28% | -6.39% | 6.63% | -0.67% | -8.44%* | -0.86% |
| Nov | -8.81% | -1.32% | 13.71% | 3.37% | -6.12% | -- | 0.17% |
| Dec | -1.55% | -11.30% | 7.84% | -5.18% | -1.00% | -- | -2.24% |
| Total | -8.67% | -58.99% | 44.41% | 32.38% | 9.28% | -3.20% | 2.53% |
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: $51.96
SMA 50: $52.99
SMA 200: $50.34
Current: $48.41
EMA 12: $50.59
EMA 26: $51.70
MACD: -1.1090 | Signal: -0.3850
BEARISH
ADX (14): 22.94
WEAK TREND
+DI: 16.06
−DI: 41.00
Momentum Oscillators
RSI (14): 35.94
NEUTRAL
Stoch %K: 13.82
Stoch %D: 13.56
Williams %R: -99.61
Volume & Volatility
BB Upper: $55.88
BB Lower: $48.05
NEUTRAL
OBV: 536,185
Vol SMA 20: 16,396
Vol ROC: 297.19%
ATR: $1.35
True Range: $1.98
HV 20: 32.0%
HV 30: 29.4%
HV 60: 32.5%
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: IPO
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers and Primary Risks: Volatility, technical resistance, and mixed news sentiment are key drivers. High beta and recent price action suggest increased risk.
Investment Thesis: IPO's volatility and technical resistance may lead to a short-term pullback, while its growth prospects and positive earnings catalysts could drive long-term gains.
Recent News Sentiment Impact: Mixed news headlines have contributed to the stock's volatility, with neutral sentiment dominating. Recent positive news may be overshadowed by the overall bearish trend.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): BEARISH, Medium-term (1-3 months): NEUTRAL, Long-term (3-12 months): BULLISH
Support/Resistance Levels:
- Upper Band: $59.96
- Middle Band: $57.55
- Lower Band: $55.14
- Support: $54.35 (SMA 50)
- Resistance: $58.28 (previous high)
Momentum Signals:
- RSI: NEUTRAL (53.99)
- MACD: BULLISH (0.92 / Signal: -0.29 / Histogram: 1.21)
- Bollinger Bands: NEUTRAL (price touching middle band)
Volume Analysis: Volume is decreasing, indicating a potential top.
News & Sentiment Analysis
Recent Headlines Summary: Mixed news headlines have contributed to the stock's volatility, with neutral sentiment dominating.
Sentiment Assessment: Aggregate news sentiment is NEUTRAL.
Catalyst Identification: Upcoming earnings and product launches could drive growth prospects.
Market Narrative: The mixed news sentiment and technical resistance suggest a potentially volatile period ahead.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to the market (beta >1.85).
Volatility Regime: High volatility regime, with stock movements more extreme than the market.
Options Market Signals:
- IV Rank: Low (8.6%)
- Put/Call Volume Ratio: 0.08 (Bullish sentiment)
- Options market pricing a $5.72 move by expiration
Downside Protection: Support levels and risk management considerations suggest caution below $55.14.
Market Context & Positioning
Sector Performance: IPO's sector is performing relatively strong, but the stock itself has underperformed.
Institutional Activity: Volume patterns suggesting institutional interest in options trading.
Correlation Analysis: IPO's movements are highly correlated with the market (R-squared interpretation).
Relative Valuation: The stock is trading near its 50-day SMA and appears moderately valued.
Key Levels & Action Items
Critical Price Levels: Support at $54.35, resistance at $58.28.
Breakout/Breakdown Levels: Break above $59.96 for bullish momentum or below $55.14 for bearish confirmation.
Time-Sensitive Catalysts: Earnings date and product launches in the near term.
Risk Management: Consider stop-loss levels and position sizing considerations based on volatility and risk tolerance.
By analyzing the technical, news, and sentiment indicators, we can conclude that IPO is currently experiencing a high-volatility regime with mixed market signals. The bearish trend and resistance levels suggest caution, while growth prospects and positive earnings catalysts could drive long-term gains. A balanced approach considering both bullish and bearish cases is recommended.
Generated
News
All IPO news →
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Showing 1–10 of 50
Page 1 of 5
IPO Options Activity & IV Rank
IPO IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 33.7%
7-DTE IV: —
Expected Move: $3.42
7-DTE Move: $3.42
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 82
Put Volume: 14
P/C Volume: 0.171
BULLISH
Call OI: 91
Put OI: 18
P/C OI: 0.198
Total OI: 109
ATM Options Pricing
ATM Call: $2.40
ATM Put: $1.02
Call %: 5.0%
Put %: 2.1%
Chain Summary
Chain Volume: 3,605
Chain OI: 3,663
Last Updated: 10/22/2026
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 30th 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
30%
vs own history
GEX tilt
-0.27
OI-weighted, today
Vanna tilt
+0.74
δ-sensitivity to IV
Charm tilt
-0.81
δ-decay vs time
Vanna tilt +0.74: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.81: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 9 ATM contracts, 1k 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
—
—
pts
EXTREME
ATM 30.9% / 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)37.7MediumOct 22
Straddle Price (30 DTE)$3.42Oct 22
Beta Analysis
Risk Metrics
Beta: 1.9728
Alpha: -22.28%
Correlation: 0.7691
R-Squared: 59.2%
Stock Volatility: 32.7%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
IPO 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.
3 filers$2.06M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.25M | 60.98% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $439.71K | 21.39% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $362.46K | 17.63% | 2026-06-30 |
4 filers$19.31M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $13.86M | 71.78% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $2.37M | 12.28% | 2026-06-30 |
| 3 | Saranac Partners Ltd | $1.82M | 9.45% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $1.25M | 6.49% | 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
132.91K
SI % of Float
4.75%
Days to Cover
11.23
Short Vol Ratio
24.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
IPO Constituent Performance
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IPO Constituents (47 of 47)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| ALAB | Astera Labs Inc | 12.30% | $264.36 | -8.86% | -12.46% | -26.67% |
| CRWV | CoreWeave Inc | 9.26% | $56.73 | -8.23% | -18.60% | -37.06% |
| ARM | ARM Holdings PLC | 8.71% | $212.31 | -6.30% | -13.27% | -30.69% |
| RDDT | Reddit Inc | 6.51% | $151.8 | -0.97% | -4.74% | -0.60% |
| MDLN | Medline Inc | 4.97% | $34.51 | -2.27% | -5.63% | -0.43% |
| RBRK | Rubrik Inc | 3.50% | $119.19 | -0.99% | +0.48% | +4.73% |
| CRCL | Circle Internet Group Inc | 3.15% | $87.12 | -2.89% | +0.17% | -6.32% |
| BTSG | BrightSpring Health Services Inc | 3.12% | $60.48 | -3.01% | -3.01% | +7.97% |
| AHR | American Healthcare REIT Inc | 2.80% | $53.41 | +1.03% | +0.75% | +2.09% |
| KSPI | Kaspi.KZ JSC | 2.59% | $91.98 | -1.63% | -3.01% | -0.87% |
| ULS | UL Solutions Inc | 2.20% | $74.42 | +0.20% | +0.05% | +13.09% |
| CBRS | Cerebras Systems Inc | 2.15% | $109.86 | -6.88% | -22.73% | -46.78% |
| KGS | Kodiak Gas Services Inc | 2.08% | $45.12 | -7.96% | -5.63% | -14.56% |
| CART | Maplebear Inc | 2.04% | $51.54 | +2.44% | +0.80% | +19.14% |
| FPS | Forgent Power Solutions Inc | 2.00% | $24.23 | -23.71% | -25.15% | -37.79% |
| SARO | StandardAero Inc | 1.92% | $21.48 | +0.16% | +2.36% | -3.13% |
| TEM | Tempus AI Inc | 1.75% | $64.73 | -4.47% | -9.00% | -21.29% |
| APGE | Apogee Therapeutics Inc | 1.64% | $135.07 | -0.01% | +0.09% | +0.63% |
| CHYM | Chime Financial Inc | 1.49% | $30.06 | -1.02% | +0.33% | +11.05% |
| LGN | Legence Corp | 1.37% | $37.02 | -10.90% | -18.28% | -29.42% |
| FIGR | Figure Technology Solutions Inc | 1.22% | $24.46 | -3.55% | -11.60% | -25.11% |
| TTAN | ServiceTitan Inc | 1.19% | $86.6 | +5.20% | +13.78% | +44.38% |
| FIG | Figma Inc | 1.08% | $24.12 | +4.96% | +4.91% | +13.03% |
| LOAR | Loar Holdings Inc | 1.00% | $63.21 | +0.46% | +0.75% | -3.39% |
| MAIR | Madison Air Solutions Corp | 0.98% | $22.68 | -2.33% | -3.37% | -6.93% |
| KRMN | Karman Holdings Inc | 0.96% | $34.98 | -0.82% | +3.19% | +0.17% |
| LINE | Lineage Inc | 0.84% | $34.83 | +1.66% | +2.11% | -3.73% |
| EQPT | EquipmentShare.com Inc | 0.66% | $16.35 | -2.97% | +13.46% | +0.18% |
| FLY | Firefly Aerospace Inc | 0.64% | $17.21 | -2.52% | -3.48% | -25.47% |
| CAI | Caris Life Sciences Inc | 0.62% | $31.32 | -3.18% | -1.39% | -2.94% |
| KVYO | Klaviyo Inc | 0.59% | $20.88 | +3.39% | +15.40% | +29.58% |
| ARXS | Arxis Inc | 0.56% | $49.19 | -4.93% | -8.59% | -4.11% |
| PACS | PACS Group Inc | 0.54% | $46.91 | +0.32% | -1.76% | +13.15% |
| LB | Landbridge Co LLC | 0.54% | $75.96 | -5.79% | -6.51% | -7.92% |
| PONY | Pony AI Inc | 0.50% | $4.99 | -1.02% | -3.50% | -29.64% |
| FRVO | Fervo Energy Co | 0.50% | $8.54 | -5.27% | -16.72% | -48.86% |
| VG | Venture Global Inc | 0.47% | $12.44 | -3.23% | -0.52% | -6.01% |
| JAN | Janus Living Inc | 0.37% | $28.67 | +1.13% | -2.12% | -5.07% |
| NTSK | Netskope Inc | 0.35% | $22.39 | +2.66% | +9.49% | +20.57% |
| MWH | Solv Energy Inc | 0.35% | $21.62 | -7.01% | -9.69% | -13.69% |
| INGM | Ingram Micro Holding Corp | 0.34% | $26.99 | -2.32% | +0.04% | +2.43% |
| SFD | Smithfield Foods Inc | 0.31% | $18.68 | +2.10% | +1.11% | -1.71% |
| SAIL | SailPoint Inc | 0.27% | $19.95 | +1.35% | +0.99% | -9.83% |
| XE | X-Energy Inc | 0.22% | $10.88 | -0.05% | -4.93% | -30.76% |
| CBC | Central BanCo Inc | 0.17% | $34.02 | +2.16% | +2.32% | +6.31% |
| BLLN | Billiontoone Inc | 0.16% | $104.02 | -0.63% | +1.25% | -16.72% |
| BETA | Beta Technologies Inc | 0.16% | $18.59 | -0.75% | -1.12% | -19.70% |