IVSS Applied Finance IVS US SMID ETF
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Applied Finance IVS US SMID ETF (IVSS) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2025-12-03
- Has Options
- No
- Expense ratio
- 0.59% prospectus, filed Nov 25, 2025
- Assets
- $27M SEC filing, Jun 30, 2026
- Trailing yield
- 0.06% paid annual
- Average daily volume
- $123K 30 sessions
- Holdings
- 362 top 10 are 17.1%
- Listed
- Dec 3, 2025 Nasdaq
Moves with. US large-cap stocks (63% of its variance, beta 0.98); Small caps over large (27% of its variance, beta 0.60). These factors explain 81% of its daily moves over the last year.
Stated objective. The Applied Finance IVS US SMID ETF (the Fund) seeks long term capital appreciation. (from the fund's prospectus)
All 362 holdingsFlow historySimilar fundsOverlap toolAll Mid Cap Blend ETFs
- Jun 2026
- +$1.4M latest reported month
- Latest 3 months
- +$7.4M +27.3% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$1.4M |
| May 2026 | +$708K |
| Apr 2026 | +$5.2M |
| Mar 2026 | +$2.7M |
| Feb 2026 | +$676K |
| Jan 2026 | +$6.6M |
| Dec 2025 | +$5.7M |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 9 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| EBITHarbor Small Cap Earners ETF | 29% | 0.29% | $11M | +13.3% | compare |
| PSCPrincipal Exchange-Traded Funds Principal U.S. Small-Cap ETF | 27% | 0.38% | $2.7B | +16.7% | compare |
| EESWisdomTree U.S. SmallCap Fund | 25% | 0.38% | $688M | +17.8% | compare |
| JPSEJPMorgan Diversified Return US Small Cap Equity ETF | 25% | 0.29% | $571M | +14.3% | compare |
| GSSCGS ActiveBeta U.S. Small Cap Equity ETF | 25% | 0.20% | $1.1B | +14.4% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +23.7% 65% under, 10% over · 97% covered
- Price / earnings
- 19.9 7% loss-making · 98% covered
- Price / book · sales
- 2.5 · 1.1 revenue growth +8.1%
- Above 200-day average
- 55% 33% above 50-day · by weight
- Short interest
- 9.0% of float, weighted · 5.5 days to cover
- Insider buying
- 5% of weight had net insider buying, 90 days; 57% net selling
- 13F holders
- +3.0% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.6% of weight in 7 days; 4.6% in 14
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.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | STRLSTERLING INFRASTRUCTURE, INC. | — | 2.87% | — |
| Exit | RHPRYMAN HOSPITALITY PROPERTIES, INC. | 2.08% | — | — |
| New position | DAVEDAVE INC. | — | 1.87% | — |
| New position | BTSGBRIGHTSPRING HEALTH SERVICES, INC. | — | 1.64% | — |
| New position | HQYHEALTHEQUITY, INC. | — | 1.50% | — |
| Increase | SEZLSEZZLE INC. | 0.60% | 2.09% | +98.6% |
| Exit | FNFABRINET | 1.45% | — | — |
| New position | MCYMERCURY GENERAL CORPORATION | — | 1.31% | — |
| Decrease | NXTNEXTPOWER INC. | 2.88% | 1.63% | −12.4% |
| New position | OTTROtter Tail Corporation | — | 1.23% | — |
124 new, 106 exited, 106 increased and 65 decreased between the fund's two latest holdings reports; turnover 45.3%. Full holdings and history
- Authorized participants
- 1 active of 9 with agreements; top 3 did 100%
- Created · redeemed
- $5.7M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 100% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- 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.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-24 | 2025-12-26 | $0.0185 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NXT | NEXTPOWER INC. | 2.88% | Equity (common) | US |
| RHP | RYMAN HOSPITALITY PROPERTIES, INC. | 2.08% | Equity (common) | US |
| ENSG | THE ENSIGN GROUP, INC. | 1.96% | Equity (common) | US |
| IDCC | InterDigital, Inc. | 1.54% | Equity (common) | US |
| SWX | SOUTHWEST GAS HOLDINGS, INC. | 1.51% | Equity (common) | US |
| FN | FABRINET | 1.45% | Equity (common) | KY |
| OPCH | OPTION CARE HEALTH, INC. | 1.32% | Equity (common) | US |
| ATMU | Atmus Filtration Technologies Inc | 1.31% | Equity (common) | US |
| LNTH | LANTHEUS HOLDINGS, INC. | 1.30% | Equity (common) | US |
| MMS | MAXIMUS, INC. | 1.17% | Equity (common) | US |
| VAL | Valaris Limited | 1.16% | Equity (common) | BM |
| JXN | JACKSON FINANCIAL INC. | 1.16% | Equity (common) | US |
| PJT | PJT PARTNERS INC. | 1.14% | Equity (common) | US |
| LBRT | LIBERTY ENERGY INC. | 1.03% | Equity (common) | US |
| LRN | STRIDE, INC. | 0.99% | Equity (common) | US |
| INSW | INTERNATIONAL SEAWAYS, INC. | 0.98% | Equity (common) | MH |
| NATL | NCR ATLEOS CORPORATION | 0.97% | Equity (common) | US |
| PBH | PRESTIGE CONSUMER HEALTHCARE INC. | 0.97% | Equity (common) | US |
| MUR | MURPHY OIL CORPORATION | 0.95% | Equity (common) | US |
| DBD | DIEBOLD NIXDORF, INCORPORATED | 0.95% | Equity (common) | US |
| HLF | HERBALIFE LTD. | 0.94% | Equity (common) | KY |
| EVTC | Evertec, Inc. | 0.92% | Equity (common) | PR |
| TMHC | TAYLOR MORRISON HOME CORPORATION | 0.91% | Equity (common) | US |
| STNG | SCORPIO TANKERS INC. | 0.89% | Equity (common) | MH |
| ACIW | ACI WORLDWIDE, INC. | 0.88% | Equity (common) | US |
| MATX | Matson Inc | 0.86% | Equity (common) | US |
| EAT | BRINKER INTERNATIONAL, INC. | 0.84% | Equity (common) | US |
| ACT | ENACT HOLDINGS, INC. | 0.82% | Equity (common) | US |
| CON | CONCENTRA GROUP HOLDINGS PARENT, INC. | 0.81% | Equity (common) | US |
| GTLS | CHART INDUSTRIES, INC. | 0.80% | Equity (common) | US |
| TDW | TIDEWATER INC. | 0.77% | Equity (common) | US |
| VRRM | VERRA MOBILITY CORPORATION | 0.76% | Equity (common) | US |
| GPOR | GULFPORT ENERGY CORPORATION | 0.75% | Equity (common) | US |
| GTX | GARRETT MOTION INC. | 0.75% | Equity (common) | US |
| AMRX | AMNEAL PHARMACEUTICALS, INC. | 0.74% | Equity (common) | US |
| AVA | AVISTA CORPORATION | 0.72% | Equity (common) | US |
| ALKS | ALKERMES PUBLIC LIMITED COMPANY | 0.71% | Equity (common) | IE |
| TNET | TRINET GROUP, INC. | 0.70% | Equity (common) | US |
| ESNT | Essent Group Ltd. | 0.69% | Equity (common) | BM |
| CBT | CABOT CORPORATION | 0.69% | Equity (common) | US |
| CMC | COMMERCIAL METALS COMPANY | 0.68% | Equity (common) | US |
| AAMI | ACADIAN ASSET MANAGEMENT INC. | 0.68% | Equity (common) | US |
| NMIH | NMI HOLDINGS, INC. | 0.66% | Equity (common) | US |
| GRBK | GREEN BRICK PARTNERS, INC. | 0.64% | Equity (common) | US |
| DFIN | DONNELLEY FINANCIAL SOLUTIONS, INC. | 0.63% | Equity (common) | US |
| VVX | V2X, INC. | 0.62% | Equity (common) | US |
| TBBK | THE BANCORP, INC. | 0.60% | Equity (common) | US |
| HRMY | HARMONY BIOSCIENCES HOLDINGS, INC. | 0.60% | Equity (common) | US |
| SEZL | SEZZLE INC. | 0.60% | Equity (common) | US |
| BTU | PEABODY ENERGY CORPORATION | 0.59% | Equity (common) | US |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 5.63% | 5.63% |
| Feb | -- | 0.26% | 0.26% |
| Mar | -- | -4.91% | -4.91% |
| Apr | -- | 7.35% | 7.35% |
| May | -- | 0.99% | 0.99% |
| Jun | -- | 5.26% | 5.26% |
| Jul | -- | 0.69% | 0.69% |
| Aug | -- | -2.08% | -2.08% |
| Sep | -- | -4.44% | -4.44% |
| Oct | -- | 2.45%* | 2.45% |
| Nov | -- | -- | -- |
| Dec | -0.09% | -- | -0.09% |
| Total | -0.09% | 10.93% | 5.42% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: IVSS
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10)
Key Drivers:
- Technical signals are mixed, with a bullish MACD histogram but neutral RSI
- Low volatility suggests reduced risk, but beta is relatively low compared to the market
- No recent news headlines available for analysis
Primary Risks:
- Trend direction is uncertain, making it difficult to predict potential price movements
- Low volume and OBV suggest limited institutional interest
- High historical volatility indicates potential for increased uncertainty in future price moves
Investment Thesis: IVSS appears to be consolidating near its 50-day SMA, potentially building a base for further growth. However, the lack of recent news headlines and mixed technical signals reduce confidence in a specific directional move.
Recent News Sentiment Impact: N/A (no recent news available)
Technical Analysis
Trend Direction: Short-term: Consolidation; Medium-term: Uptrend; Long-term: Neutral
Support/Resistance Levels:
- SMA 20: $30.51
- SMA 50: $29.72
- Upper Bollinger Band: $31.13
Momentum Signals:
- RSI (14): 55.22 (neutral)
- MACD histogram: Bullish (0.33)
Volume Analysis:
- Volume SMA 20: 2058.65
- On-Balance Volume (OBV): 450730.75
- Volume Rate of Change: -17.96%
News & Sentiment Analysis
Recent Headlines Summary: N/A (no recent news available)
Sentiment Assessment: Neutral (due to lack of recent news)
Catalyst Identification: N/A (no recent news available)
Market Narrative: The market's neutral sentiment and IVSS' low volatility suggest a lack of clear catalysts driving the stock price.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta 0.76)
Volatility Regime: Current vs historical volatility levels: N/A (low volatility, but high historical volatility suggests potential for increased uncertainty)
Options Market Signals: IV rank: N/A; Put/call ratios: N/A; Unusual activity: N/A
Downside Protection: Support levels and risk management considerations: SMA 20 ($30.51), SMA 50 ($29.72)
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: N/A (no recent news available)
Institutional Activity: Volume patterns suggesting institutional interest: Low volume and OBV suggest limited institutional interest
Correlation Analysis: How stock moves relative to market (R-squared interpretation): N/A (low correlation, but historical volatility suggests potential for increased uncertainty)
Relative Valuation: Position within trading range: IVSS appears to be consolidating near its 50-day SMA, potentially building a base for further growth.
Key Levels & Action Items
Critical Price Levels: Support/resistance to monitor:
- SMA 20: $30.51
- SMA 50: $29.72
- Upper Bollinger Band: $31.13
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- SMA 20: $30.51 (breakout)
- SMA 50: $29.72 (breakdown)
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches: N/A (no recent news available)
Risk Management: Stop-loss levels and position sizing considerations:
- Set stop-loss at SMA 20 ($30.51) to limit potential losses
- Consider reducing position size due to low institutional interest and mixed technical signals
IVSS Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 212
Period: 252 trading days
Low volatility - stock moves less than market
IVSS Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|