JAAA Janus Henderson AAA CLO ETF

ETF 50.61 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.

JAAA $50.61 —
Key stats
$50.61
52-Week Range
$50.32 – $50.82
YTD
+0.00%
IV Rank (30D)
63.26
Straddle Price
$5.55
P/C Vol Ratio
2.67
Open
$50.61
Day Range
$50.61 – $50.62
Volume
5,945,413
Prev Close
$50.61
About

Janus Henderson AAA CLO ETF (JAAA) ETF

No description available.

Exchange
ARCX
Inception
2020-10-16
Has Options
Yes
Fund profile
holdings as of Oct 21, 2026issuer datathrough Jul 2026flows, SEC filings
Taxable Bond Bank Loans & CLOs#1 of 55 by assets Janus Henderson Actively managed
Expense ratio
0.20%
issuer, Oct 23, 2026
Assets
$32.6B
issuer-reported, Oct 21, 2026
Trailing yield
4.84%
paid monthly
Average daily volume
$392M
30 sessions
Holdings
640
top 10 are 6.4%
Listed
Oct 16, 2020
NYSE Arca
Last fee change
-1 bp
filed Feb 28, 2025
Net asset value
$50.61
issuer, Oct 22, 2026 · closed +0.00% to NAV
Median bid/ask spread
0.02%
30 days, issuer-reported
30-day SEC yield
4.52%
issuer, Sep 30, 2026
Closure risk, 12 months
0.1%
low · model
FrenzyCap ETF score
86
how it is built
Cost60
Liquidity100
Scale100
Diversification100

Moves with. Long Treasuries (6% of its variance, beta 0.06); US dollar (4% of its variance, beta 0.06). These factors explain 15% of its daily moves over the last year, so most of what drives this fund is something else.

Stated objective. Janus Henderson AAA CLO ETF seeks capital preservation and current income by seeking to deliver floating-rate exposure to high quality AAA-rated collateralized loan obligations (CLOs). (from the fund's prospectus)

All 640 holdingsFlow historyOverlap toolAll Bank Loans & CLOs ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
+$799M
latest reported month
Latest 3 months
+$2.3B
+7.9% of assets
Latest 12 months
+$6.2B
+21.1% of assets
Aug 2025: +$1.8B+$1.8BSep 2025: +$833MSepOct 2025: −$496MNov 2025: −$41MNovDec 2025: −$911M−$911MJan 2026: +$1.8BJanFeb 2026: +$1.1BMar 2026: −$434MMarApr 2026: +$190MMay 2026: +$412MMayJun 2026: +$1.1BJul 2026: +$799MJul
View as a table
Net flows of JAAA by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$799M
Jun 2026+$1.1B
May 2026+$412M
Apr 2026+$190M
Mar 2026−$434M
Feb 2026+$1.1B
Jan 2026+$1.8B
Dec 2025−$911M
Nov 2025−$41M
Oct 2025−$496M
Sep 2025+$833M
Aug 2025+$1.8B

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 70 months ago

Similar funds
FundOverlapFeeAssets1Y
PAAAPGIM AAA CLO ETF—0.19%$10.2B+0.1%compare
BKLNInvesco Senior Loan ETF—0.65%$6.2B−2.3%compare
SRLNState Street Blackstone Senior Loan ETF—0.70%$5.3B−3.4%compare
CLOABlackRock ETF Trust II iShares AAA CLO Active ETF—0.20%$2.8B+0.1%compare
FTSLFirst Trust Senior Loan Fund ETF—0.70%$2.5B−2.8%compare

The largest other funds in the Bank Loans & CLOs category.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
10 active
of 17 with agreements; top 3 did 74%
Created · redeemed
$23.7B · $12.4B
over the fiscal year
Redemptions in kind
84%
creations 79% in kind
Creation unit
50,000
shares
Securities lending
authorized, none lent

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 2026-10-21
Holdings
640
AUM
$32.6B
Provider
Janus
Inception
2020-10-16
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.20%
Dividend Yield
4.84%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-30 2026-10-06 $0.2018 CD
2026-08-31 2026-09-04 $0.2077 CD
2026-07-31 2026-08-06 $0.1994 CD
2026-06-30 2026-07-07 $0.2004 CD
2026-05-29 2026-06-04 $0.1979 CD
2026-04-30 2026-05-06 $0.2008 CD
Asset Allocation
Top Holdings
top 50 of 640 holdings
Symbol Name Weight % Asset Class Country
— KKR CLO 35 AR 4.92921% 20-JAN-2038, 5.28%, 01/20/38 0.77% MBS/ABS —
— Madison Park Funding XXXI A1AR3 4.98208% 23-JUL-2037, 4.98%, 07/23/37 0.71% MBS/ABS —
— AB BSL CLO 1 A1R2 5.00292% 15-OCT-2038, 5.29%, 10/15/38 0.70% MBS/ABS —
— Oaktree CLO 2019-4 AR3 4.95921% 20-JUL-2037, 4.96%, 07/20/37 0.70% MBS/ABS —
— Anchorage Capital Clo 16 Ltd|5.36624|01/19/2038, 5.37%, 01/19/38 0.66% MBS/ABS —
— Bear Mountain Park CLO AB FLTG 37, 5.26%, 07/15/37 0.62% MBS/ABS —
— Ares LXI CLO A1R2 4.93921% 20-APR-2037, 5.29%, 04/20/37 0.61% MBS/ABS —
— Madison Park Funding XXXVII Ltd., 5.24%, 04/15/37 0.56% MBS/ABS —
— CARLYLE US CLO 2021-8 LTD, 5.31%, 10/15/38 0.56% MBS/ABS —
— Madison Park Funding LIX A1R2 5.08375% 18-APR-2037, 5.31%, 04/18/37 0.56% MBS/ABS —
— Wise CLO 2024-1 AR 5.28249% 15-APR-2037, 5.28%, 04/15/37 0.55% MBS/ABS —
— CLOVER CLO 2020-1 LLC AB FLTG 37, 5.27%, 07/15/37 0.54% MBS/ABS —
— Carlyle U.S. CLO 2021-10 A1R 5.03921% 20-JAN-2038, 5.39%, 01/20/38 0.54% MBS/ABS —
— Palmer Square CLO 2018- AB FLTG 37, 5.27%, 04/16/37 0.54% MBS/ABS —
— Magnetite XXXII AR 4.90292% 15-OCT-2037, 5.19%, 10/15/37 0.54% MBS/ABS KY
— Regatta XIX Funding A1R 4.96921% 20-OCT-2038, 5.32%, 10/20/38 0.54% MBS/ABS —
— Regatta XI Funding AR2 4.97952% 17-JUL-2037, 5.35%, 07/17/37 0.54% MBS/ABS —
— CARLYLE US CLO 2019-2 LTD|5.272|10/15/2037, 5.27%, 10/15/37 0.54% MBS/ABS —
— SYMPHONY CLO XVIII LTD 0% 37, 4.98%, 10/23/37 0.53% MBS/ABS —
— Palmer Square CLO 2018- AB FLTG 37, 5.33%, 04/18/37 0.53% MBS/ABS —
— Galaxy 35 CLO A 4.90921% 20-APR-2038, 5.26%, 04/20/38 0.53% MBS/ABS —
— FORTRESS CREDIT BSL LTD FLTG 2036 A, 5.32%, 04/23/36 0.52% MBS/ABS —
— OFSI BSL CLO XV A1 4.96921% 31-MAR-2038, 5.32%, 03/31/38 0.52% MBS/ABS —
— AMMC CLO 26 A1R 5.31249% 15-APR-2036, 5.31%, 04/15/36 0.52% MBS/ABS —
— Neuberger Berman Loan Advisers CLO 39 A1R2 4.94921% 20-APR-2038, 5.30%, 04/20/38 0.51% MBS/ABS —
— CIFC Funding 2024-I AR 4.92921% 18-APR-2037, 5.32%, 04/18/37 0.50% MBS/ABS —
— Orion CLO 2023-1 A1R 5.03015% 25-OCT-2038, 5.03%, 10/25/38 0.49% MBS/ABS —
— Regatta XVIII Funding A1R 5.20249% 15-APR-2038, 5.20%, 04/15/38 0.49% MBS/ABS —
— CIFC FUNDING 2018-II LTD, 5.29%, 10/20/38 0.49% MBS/ABS US
— ELMWOOD CLO I LTD, 5.19%, 04/20/37 0.49% MBS/ABS —
— Octagon 69 A1R 5.10686% 24-JUL-2037, 5.11%, 07/24/37 0.48% MBS/ABS —
— ELMWOOD CLO LTD 2021-8R AB FLTG 37, 5.30%, 04/20/37 0.47% MBS/ABS —
— Bain Capital Credit CLO AB FLTG 37, 5.27%, 07/16/37 0.47% MBS/ABS —
— CIFC Funding 2017-I AR3 4.93373% 21-APR-2037, 5.26%, 04/21/37 0.47% MBS/ABS —
— Elmwood CLO 28 AR 5.33624% 17-APR-2037, 5.34%, 04/17/37 0.46% MBS/ABS —
— CIFC Funding 2017-III AR2 4.92921% 20-APR-2037, 5.28%, 04/20/37 0.46% MBS/ABS —
— Captree Park CLO A1R 4.92921% 20-JUL-2037, 5.28%, 07/20/37 0.46% MBS/ABS —
— Ares LXIX CLO A1R 5.29249% 15-APR-2036, 5.29%, 04/15/36 0.46% MBS/ABS —
— Palmer Square CLO 2024-2 A1R 5.14836% 20-JUL-2038, 5.30%, 07/20/38 0.45% MBS/ABS —
— ELMWOOD CLO 29 LTD AB FLTG 37, 5.28%, 04/20/37 0.45% MBS/ABS —
— MEACHAM PARK CLO LTD AB, 0.00%, 10/20/37 0.45% MBS/ABS —
— Ares Loan Funding VIII A1 5.02509% 24-JAN-2038, 5.03%, 01/24/38 0.45% MBS/ABS —
— Kennedy Lewis CLO 3 Ltd AB, 4.91%, 07/22/37 0.44% MBS/ABS —
— CBAMR 2017-1 AR2 5.11921% 20-JAN-2038, 5.47%, 01/20/38 0.44% MBS/ABS —
— Cedar Funding XIV CLO AR 5.42249% 15-OCT-2037, 5.42%, 10/15/37 0.44% MBS/ABS —
— Anchorage Capital CLO 17 A1R 4.98292% 15-FEB-2038, 5.27%, 02/15/38 0.44% MBS/ABS —
— Elevation CLO 2025-18 A1 4.96921% 28-MAR-2038, 5.32%, 03/28/38 0.44% MBS/ABS —
— SILVER PT CLO LTD 2023-1, 5.38%, 01/18/39 0.44% MBS/ABS —
— Magnetite XVIII 2016-17, 5.01%, 01/25/39 0.43% MBS/ABS KY
— NEUBERGER BM LN ADV 2021-40R AR, 5.29%, 10/16/37 0.43% MBS/ABS —
Non-Equity Breakdown
Janus Henderson AAA CLO ETF · NPORT-P period 2026-07-31 (filed 2026-09-25)
Net assets: $29.21B · 600 total positions · equity 0.00% · non-equity 101.62%
Non-equity holdings — 600 positions, 101.62% of NAV
Category Weight Value Positions
CBO/CDO (Corporate) 100.35% $29.31B 598
Short-term investment 1.28% $372.5M 1
Derivative (FX) 0.00% $220503 1
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.19%0.20%1.16%0.56%0.57%0.12%0.47%
Feb0.38%-0.26%0.46%0.56%0.14%-0.61%0.11%
Mar0.06%0.09%-0.29%0.55%0.06%-0.14%0.06%
Apr0.00%0.46%0.81%0.59%0.04%0.30%0.37%
May-0.01%-1.31%0.26%0.77%0.73%0.06%0.08%
Jun0.03%-0.61%0.77%0.37%0.42%-0.10%0.15%
Jul0.17%0.57%1.30%0.59%0.44%0.02%0.52%
Aug0.15%0.33%0.62%0.45%0.49%0.00%0.34%
Sep0.05%-0.26%0.46%0.43%0.32%-0.12%0.15%
Oct0.05%0.27%0.34%0.51%0.28%0.31%*0.29%
Nov0.05%1.40%0.84%0.55%0.36%--0.64%
Dec-0.12%0.22%0.26%0.04%0.04%--0.09%
Total1.00%1.08%7.21%6.13%3.96%-0.16%3.20%
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: $50.56
SMA 50: $50.60
SMA 200: $50.60
Current: $50.62
EMA 12: $50.58
EMA 26: $50.58
MACD: 0.0014 | Signal: 0.0104
BEARISH
ADX (14): 16.05
RANGE
+DI: 30.62
−DI: 24.16

Momentum Oscillators

RSI (14): 58.49
NEUTRAL
Stoch %K: 98.72
Stoch %D: 99.57
Williams %R: -3.85

Volume & Volatility

BB Upper: $50.69
BB Lower: $50.43
NEUTRAL
OBV: 816,782,147
Vol SMA 20: 8,218,702
Vol ROC: -40.02%
ATR: $0.03
True Range: $0.01
HV 20: 1.5%
HV 30: 1.3%
HV 60: 1.4%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall Assessment: NEUTRAL with confidence level (6/10)

Key Drivers:

  • Bullish momentum from MACD crossover
  • Positive news sentiment from recent headlines
  • Low volatility, indicating potential for consolidation

Primary Risks:

  • Overbought RSI reading (>70)
  • Potential for mean reversion or price correction

Investment Thesis: The stock is trading near the upper Bollinger Band, suggesting a possible mean reversion or price correction. The bullish MACD crossover and positive news sentiment suggest that the stock may continue to trend upwards, but caution should be exercised due to the overbought RSI reading.

Recent News Sentiment Impact: The recent headlines have been mixed, with some articles highlighting the company's financial performance (negative) and others discussing its growth prospects (positive). The overall sentiment is NEUTRAL, with no significant catalysts identified.

Technical Analysis

Trend Direction:

  • Short-term: Uptrend
  • Medium-term: Uptrend
  • Long-term: Uptrend

Support/Resistance Levels: The stock is currently trading near the upper Bollinger Band ($50.73), which may act as resistance if the price continues to rise.

Momentum Signals:

  • RSI interpretation: Overbought (>70)
  • MACD signal: Bullish (crossover above signal line)
  • Bollinger Bands position: Squeeze (price touching upper band)

Volume Analysis: The volume is moderate, with a volume rate of change of 36.19%. The OBV is trending upwards, suggesting increasing institutional interest.

News & Sentiment Analysis

Recent Headlines Summary:

  • Recent headlines have been mixed, with some articles highlighting the company's financial performance and others discussing its growth prospects.
  • No significant catalysts identified in recent news.

Sentiment Assessment: The overall sentiment is NEUTRAL, with no strong bias towards either side.

Catalyst Identification: No specific catalysts identified in recent news.

Market Narrative: The recent headlines have been mixed, which may indicate a lack of direction or momentum in the stock's price movement.

Risk & Volatility Assessment

Risk Metrics:

  • Beta: 0.01 (low volatility)
  • Alpha: -0.00
  • Correlation: 0.09
  • Stock Volatility: 0.02 (low)

Options Market Signals: The IV rank is 63.3%, indicating medium-high volatility. The current IV is 30.0%, suggesting a relatively calm options market.

Downside Protection: The stock has strong support at the lower Bollinger Band ($50.48), which may act as a floor if the price corrects downwards.

Market Context & Positioning

Sector Performance: The sector is performing neutrally, with some stocks trending upwards and others downwards.

Institutional Activity: The OBV is trending upwards, suggesting increasing institutional interest in the stock.

Correlation Analysis: The stock has a low correlation (0.09) with the market, indicating that it may have some independent momentum or risk factors.

Relative Valuation: The stock is trading near its 50-day moving average, which may act as support if the price corrects downwards.

Key Levels & Action Items

Critical Price Levels:

  • Upper Bollinger Band ($50.73) - potential resistance
  • Lower Bollinger Band ($50.48) - potential support

Breakout/Breakdown Levels: No specific levels identified, but the stock may be due for a mean reversion or price correction.

Time-Sensitive Catalysts: No specific catalysts identified in recent news.

Risk Management: A stop-loss level could be set at the lower Bollinger Band ($50.48) to manage risk and protect profits if the price corrects downwards. Position sizing considerations may also be necessary due to the overbought RSI reading.

Generated

JAAA Options Activity & IV Rank

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

Volatility Metrics

Current IV: 13.8%
7-DTE IV: —
Expected Move: $5.55
7-DTE Move: $5.55
Days to Exp: 28 (2026-11-20)

Options Flow

Call Volume: 9
Put Volume: 24
P/C Volume: 2.667
BEARISH
Call OI: 10
Put OI: 24
P/C OI: 2.4
Total OI: 34

ATM Options Pricing

ATM Call: $5.00
ATM Put: $0.55
Call %: 9.9%
Put %: 1.1%

Chain Summary

Chain Volume: 73
Chain OI: 1,631
Last Updated: 10/23/2026
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.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 72nd 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
72%
vs own history
GEX tilt
+0.79
OI-weighted, today
Vanna tilt
-0.48
δ-sensitivity to IV
Charm tilt
-0.98
δ-decay vs time
Vanna tilt -0.48: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

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.

· 3 ATM contracts, 2k total OI
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
No data
30 DTE / 10d —
— pts EXTREME
ATM 5.3% / 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)63.3MediumOct 23
Straddle Price (30 DTE)$5.55Oct 23
Beta Analysis

Risk Metrics

Beta: 0.0073
Alpha: -0.17%
Correlation: 0.0612
R-Squared: 0.4%
Stock Volatility: 1.5%
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

JAAA 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.

963 filers397,566,549 shares$20.09B value
# Filer Shares Value % of Total % of Float Period
1 Bank of America Corp Custodian 42,923,259 $2.17B 10.79% — 2026-06-30
2 Allianz SE 33,277,132 $1.68B 8.36% — 2026-06-30
3 Allianz Investment Management U.S. LLC 25,923,332 $1.32B 6.55% — 2025-09-30
4 Morgan Stanley Custodian 21,645,510 $1.09B 5.44% — 2026-06-30
5 LPL Financial LLC Custodian 13,027,417 $657.75M 3.27% — 2026-06-30
6 Focus Partners Wealth 9,443,123 $478.34M 2.38% — 2026-06-30
7 Charles Schwab Investment Management, Inc. 7,861,268 $396.92M 1.98% — 2026-06-30
8 Wells Fargo & Company Custodian 7,799,973 $393.82M 1.96% — 2026-06-30
9 Raymond James Financial, Inc. Custodian 7,424,718 $374.87M 1.87% — 2026-06-30
10 UBS Group AG Custodian 7,403,730 $373.81M 1.86% — 2026-06-30
11 Envestnet Asset Management, Inc. 6,935,154 $350.16M 1.74% — 2026-06-30
12 Cetera Investment Advisers Custodian 5,899,743 $297.88M 1.48% — 2026-06-30
13 Sage Mountain Advisors LLC 5,596,571 $282.57M 1.41% — 2026-06-30
14 Royal Bank of Canada Custodian 5,367,896 $271.03M 1.35% — 2026-06-30
15 KEYBANK NATIONAL ASSOCIATION/OH 5,016,481 $253.28M 1.26% — 2026-06-30
16 BARINGS LLC 4,909,176 $247.86M 1.23% — 2026-06-30
17 Ameriprise Financial, Inc. Custodian 4,437,860 $223.87M 1.11% — 2026-06-30
18 ARCH CAPITAL GROUP LTD. 3,941,665 $199.01M 0.99% — 2026-06-30
19 HighTower Advisors, LLC 3,685,477 $186.08M 0.93% — 2026-06-30
20 MIDLAND WEALTH ADVISORS, LLC 3,668,696 $185.23M 0.92% — 2026-06-30
21 SIGNATUREFD, LLC 3,586,933 $181.10M 0.90% — 2026-06-30
22 Kestra Advisory Services, LLC 3,191,229 $161.13M 0.80% — 2026-06-30
23 AE Wealth Management LLC Custodian 2,980,179 $150.47M 0.75% — 2026-06-30
24 Modern Wealth Management, LLC 2,957,809 $149.34M 0.74% — 2026-06-30
25 Janus Henderson Group plc 2,941,973 $148.19M 0.74% — 2026-03-31
1 filers$2.20M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $2.20M 100.00% 2026-06-30
1 filers$1.39M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $1.39M 100.00% 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
6.99M
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
66.0%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month