Zacks Investment ResearchT3·11h ago
KBWD Invesco KBW High Dividend Yield Financial ETF
ETF 10.75 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.
KBWD
$10.75
—
Key stats
$10.75
- 52-Week Range
- $10.04 – $14.74
- YTD
- -22.19%
- IV Rank (30D)
- 41.96
- Straddle Price
- $1.30
- P/C Vol Ratio
- 0.73
- Open
- $10.74
- Day Range
- $10.65 – $10.79
- Volume
- 830,855
- Prev Close
- $10.64
About
Invesco KBW High Dividend Yield Financial ETF (KBWD) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2010-12-02
- Has Options
- Yes
- Homepage
- https://www.invesco.com/us/etfs
Fund profile
holdings as of Nov 5, 2026issuer datathrough Aug 2026flows, SEC filings
- Expense ratio
- 5.39% prospectus, filed Dec 18, 2025
- Assets
- $334M shares × price, Nov 6, 2026
- Trailing yield
- 15.99% paid monthly
- Average daily volume
- $11M 30 sessions
- Holdings
- 39 top 10 are 38.3%
- Listed
- Dec 2, 2010 Nasdaq
- Last fee change
- +46 bp filed Dec 18, 2025
- Tracking difference
- -0.41 pts vs index, after fees, FY 2025
Cost0
Liquidity68
Scale56
Diversification63
Moves with. US large-cap stocks (25% of its variance, beta 0.72); Small caps over large (10% of its variance, beta 0.43); Long Treasuries (10% of its variance, beta 0.44); Developed markets ex-US over US (3% of its variance, beta 0.26). These factors explain 47% of its daily moves over the last year.
Stated objective. The Invesco KBW High Dividend Yield Financial ETF (the Fund) seeks to track the investment results (before fees and expenses) of the KBW Nasdaq Financial Sector Dividend Yield TM Index (the Underlying Index). (from the fund's prospectus)
All 39 holdingsFlow historySimilar fundsOverlap toolAll Financials ETFs
Fund flows
through Aug 2026SEC filings- Aug 2026
- −$9.5M latest reported month
- Latest 3 months
- −$12M −3.0% of assets
- Latest 12 months
- +$35M +8.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Aug 2026 | −$9.5M |
| Jul 2026 | −$3.7M |
| Jun 2026 | +$991K |
| May 2026 | +$6.2M |
| Apr 2026 | +$252K |
| Mar 2026 | +$2.2M |
| Feb 2026 | +$27M |
| Jan 2026 | +$7.9M |
| Dec 2025 | −$962K |
| Nov 2025 | −$407K |
| Oct 2025 | +$1.9M |
| Sep 2025 | +$3.3M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MORTVanEck Mortgage REIT Income ETF | 32% | 0.43% | $315M | −27.5% | compare |
| REMiShares Mortgage Real Estate ETF | 29% | 0.48% | $434M | −22.6% | compare |
| DVDNKingsbarn Dividend Opportunity ETF | 24% | 1.65% | $2.5M | −36.5% | compare |
| CRDTSimplify Opportunistic Income ETF | 20% | 0.99% | $26M | −11.2% | compare |
| SRETGlobal X SuperDividend REIT ETF | 19% | 0.58% | $200M | −7.1% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Nov 5, 2026issuer data- Holdings vs fair value
- +37.4% 84% under, 8% over · 100% covered
- Price / earnings
- 17.6 39% loss-making · 100% covered
- Price / book · sales
- 0.6 · 1.3 revenue growth +3.4%
- Above 200-day average
- 24% 23% above 50-day · by weight
- Short interest
- 10.3% of float, weighted · 4.5 days to cover
- Insider buying
- 23% of weight had net insider buying, 90 days; 45% net selling
- 13F holders
- +8.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% 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.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | FSKFS KKR Capital Corp. | 2.27% | 4.14% | +94.9% |
| Increase | NMFCNew Mountain Finance Corp. | 2.32% | 4.05% | +79.8% |
| Decrease | CIONCION Investment Corp. | 2.53% | 0.98% | −51.0% |
| Decrease | IVRInvesco Mortgage Capital Inc. | 5.13% | 3.69% | −17.1% |
| Decrease | AGNCAGNC Investment Corp. | 4.11% | 2.76% | −22.2% |
| Increase | OWLBlue Owl Capital Inc. | 0.57% | 1.92% | +270.3% |
| Increase | MFICMidCap Financial Investment Corp. | 2.24% | 3.33% | +42.1% |
| Increase | PFLTPennantPark Floating Rate Capital Ltd. | 2.54% | 3.51% | +47.9% |
| Increase | OBDCBlue Owl Capital Corp. | 2.18% | 3.03% | +49.6% |
| Decrease | ADAMAdamas Trust, Inc. | 3.71% | 2.88% | −25.1% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.8%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 7 active of 41 with agreements; top 3 did 76%
- Created · redeemed
- $91M · $23M over the fiscal year
- Redemptions in kind
- 94% creations 94% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 20.12% of assets on loan on average; earned 24.9 bp
- Return vs index
- -0.41 pts after fees; -0.05 before; daily s.d. 0.58
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 2026-11-05
Holdings
40
AUM
$335.2M
Provider
Invesco
Inception
2010-12-02
Exchange
XNAS
Data As Of
2026-11-05
Expense Ratio
5.39%
Dividend Yield
15.99%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-19 | 2026-10-23 | $0.1348 | CD |
| 2026-09-21 | 2026-09-25 | $0.1350 | CD |
| 2026-08-24 | 2026-08-28 | $0.1350 | CD |
| 2026-07-20 | 2026-07-24 | $0.1350 | CD |
| 2026-06-22 | 2026-06-26 | $0.1386 | CD |
| 2026-05-18 | 2026-05-22 | $0.1409 | CD |
Asset Allocation
Top Holdings
top 39 of 40 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| PMT | PennyMac Mortgage Investment Trust | 4.27% | Equity (US) | US |
| IVR | Invesco Mortgage Capital Inc | 4.22% | Equity (US) | US |
| ORC | Orchid Island Capital Inc | 3.96% | Equity (US) | US |
| ARR | ARMOUR Residential REIT Inc | 3.88% | Equity (US) | US |
| MFIC | MidCap Financial Investment Corp | 3.81% | Other | US |
| FSK | FS KKR Capital Corp | 3.80% | Other | US |
| DX | Dynex Capital Inc | 3.74% | Equity (US) | US |
| WU | Western Union Co/The | 3.68% | Equity (US) | US |
| PFLT | PennantPark Floating Rate Capital Ltd | 3.49% | Other | US |
| NMFC | New Mountain Finance Corp | 3.45% | Other | US |
| MFA | MFA Financial Inc | 3.43% | Equity (US) | US |
| AGNC | AGNC Investment Corp | 3.20% | Equity (US) | US |
| NCDL | Nuveen Churchill Direct Lending Corp | 3.17% | Other | US |
| GSBD | Goldman Sachs BDC Inc | 3.10% | Other | US |
| NLY | Annaly Capital Management Inc | 3.09% | Equity (US) | US |
| CGBD | Carlyle Secured Lending Inc | 3.07% | Other | US |
| TRIN | Trinity Capital Inc | 3.03% | Other | US |
| RWT | Redwood Trust Inc | 3.01% | Equity (US) | US |
| OBDC | Blue Owl Capital Corp | 2.93% | Other | US |
| TCPC | BlackRock TCP Capital Corp | 2.82% | Other | US |
| CCAP | Crescent Capital BDC Inc | 2.61% | Other | US |
| CION | CION Investment Corp | 2.51% | Other | US |
| AB | AllianceBernstein Holding LP | 2.50% | Other | US |
| ADAM | Adamas Trust Inc | 2.16% | Equity (US) | US |
| APAM | Artisan Partners Asset Management Inc | 2.14% | Equity (US) | US |
| FBRT | Franklin BSP Realty Trust Inc | 2.11% | Equity (US) | US |
| OWL | Blue Owl Capital Inc | 1.85% | Equity (US) | US |
| WASH | Washington Trust Bancorp Inc | 1.75% | Equity (US) | US |
| FIBK | First Interstate BancSystem Inc | 1.68% | Equity (US) | US |
| NWBI | Northwest Bancshares Inc | 1.66% | Equity (US) | US |
| PNNT | PennantPark Investment Corp | 1.66% | Other | US |
| PRU | Prudential Financial Inc | 1.58% | Equity (US) | US |
| PEBO | Peoples Bancorp Inc/OH | 1.38% | Equity (US) | US |
| KRNY | Kearny Financial Corp/MD | 1.33% | Equity (US) | US |
| ABR | Arbor Realty Trust Inc | 1.29% | Equity (US) | US |
| LNC | Lincoln National Corp | 1.26% | Equity (US) | US |
| BEN | Franklin Templeton Inc | 1.21% | Equity (US) | US |
| AGPXX | Invesco Government & Agency Portfolio | 0.18% | Cash/Money Market | — |
| — | SECURITIES LENDING - BNYM | 0.00% | Cash/Money Market | — |
Non-Equity Breakdown
Invesco KBW High Dividend Yield Financial ETF ·
NPORT-P period 2026-08-31
(filed 2026-10-30)
Net assets:
$413M
· 39 total positions
· equity 99.72%
· non-equity 13.80%
Non-equity holdings
— 2 positions,
13.80% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 13.80% | $57.0M | 2 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.67% | -2.49% | 13.09% | -3.26% | 3.25% | 0.68% | 2.32% |
| Feb | 8.84% | -4.84% | -7.70% | -2.33% | 2.71% | -5.84% | -1.53% |
| Mar | 4.25% | 3.94% | -7.06% | 2.99% | -5.00% | -5.00% | -0.98% |
| Apr | 2.16% | -9.41% | 0.75% | -1.63% | -6.97% | 6.81% | -1.38% |
| May | 2.35% | 2.19% | -2.13% | 0.07% | 1.04% | -7.10% | -0.60% |
| Jun | -2.46% | -9.63% | 8.09% | -2.02% | 3.58% | -0.88% | -0.55% |
| Jul | -2.21% | 7.19% | 4.92% | 6.64% | -1.86% | -4.16% | 1.75% |
| Aug | 2.22% | -4.92% | -2.50% | -1.28% | 4.24% | 2.04% | -0.03% |
| Sep | -1.74% | -18.13% | -5.59% | -0.07% | -4.31% | -10.52% | -6.73% |
| Oct | 2.28% | 9.79% | -8.92% | -1.34% | -0.74% | -3.91% | -0.47% |
| Nov | -5.77% | 5.83% | 7.57% | 5.73% | 2.32% | 0.47%* | 2.69% |
| Dec | 2.48% | -9.11% | 5.03% | -5.11% | -0.26% | -- | -1.39% |
| Total | 15.26% | -28.90% | 2.76% | -2.27% | -2.73% | -25.17% | -6.84% |
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: $10.54
SMA 50: $11.15
SMA 200: $12.38
Current: $10.75
EMA 12: $10.66
EMA 26: $10.75
MACD: -0.0901 | Signal: 0.0775
BEARISH
ADX (14): 28.89
TREND
+DI: 21.55
−DI: 17.13
Momentum Oscillators
RSI (14): 49.75
NEUTRAL
Stoch %K: 61.13
Stoch %D: 70.03
Williams %R: -37.16
Volume & Volatility
BB Upper: $10.94
BB Lower: $10.13
NEUTRAL
OBV: -18,277,800
Vol SMA 20: 1,215,716
Vol ROC: -1.52%
ATR: $0.23
True Range: $0.15
HV 20: 28.7%
HV 30: 24.9%
HV 60: 19.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: KBWD's recent performance has been characterized by a slow drift lower, with some mixed signals from technical indicators.
Primary Risks: The stock is trading near its long-term trend line, and a breakdown could lead to further losses. On the other hand, a bounce above the current price could signal a return to the uptrend.
Investment Thesis: KBWD's recent underperformance has created an attractive entry point for investors looking to buy into the long-term trend. However, the stock's beta is relatively low, indicating lower volatility compared to the broader market.
Recent News Sentiment Impact: The news headlines have been mostly neutral, with one negative article and several positive or neutral ones. This mixed sentiment has not had a significant impact on the stock price.
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: The current price is near the long-term trend line, which could serve as support. The 50-day SMA ($12.56) and the Bollinger Bands' middle band ($12.30) also provide potential levels of resistance.
Momentum Signals:
- RSI interpretation: Neutral (52.13)
- MACD signal: Bearish (-0.04 / Signal: 0.03 / Histogram: -0.07)
- Bollinger Bands position: Neutral (price is near the middle band)
Volume Analysis: The volume trends suggest institutional interest is low, with a decline in volume over the past few weeks.
News & Sentiment Analysis
Recent Headlines Summary: The news headlines have been mostly neutral, with one negative article and several positive or neutral ones.
Sentiment Assessment: Neutral (aggregate sentiment)
Catalyst Identification: No immediate catalysts are apparent, but KBWD's upcoming earnings release could provide a potential trigger for the stock price.
Market Narrative: The news sentiment is not strongly contradicting the technical signals, which remain mixed and uncertain.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta: 0.66)
Volatility Regime: Low volatility (current vs historical volatility levels)
Options Market Signals: IV rank: 24.3% (Low), put/call ratios: 0.04 (Bullish sentiment), unusual activity: None
Downside Protection: Support levels and risk management considerations are highlighted near the long-term trend line and the Bollinger Bands' middle band.
Market Context & Positioning
Sector Performance: KBWD is underperforming its sector peers, which could be a contrarian buying opportunity.
Institutional Activity: Institutional interest is low, with declining volume trends over the past few weeks.
Correlation Analysis: The stock's beta is relatively low, indicating lower volatility compared to the broader market.
Relative Valuation: KBWD is trading near its long-term trend line and within a neutral range relative to its sector peers.
Key Levels & Action Items
Critical Price Levels:
- Long-term trend line ($12.25)
- 50-day SMA ($12.56)
- Bollinger Bands' middle band ($12.30)
Breakout/Breakdown Levels: The current price is near the long-term trend line, which could serve as support or resistance.
Time-Sensitive Catalysts: KBWD's upcoming earnings release could provide a potential trigger for the stock price.
Risk Management: Stop-loss levels and position sizing considerations are highlighted near the long-term trend line and the Bollinger Bands' middle band.
Generated
News
All KBWD news →
Zacks Investment ResearchT3·3d ago
Zacks Investment ResearchT3·4d ago
Zacks Investment ResearchT3·13d ago
Zacks Investment ResearchT3·14d ago
Zacks Investment ResearchT3·14d ago
Zacks Investment ResearchT3·14d ago
Zacks Investment ResearchT3·14d ago
Zacks Investment ResearchT3·17d ago
Zacks Investment ResearchT3·17d ago
Showing 1–10 of 50
Page 1 of 5
KBWD Options Activity & IV Rank
KBWD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 48.5%
7-DTE IV: 60.9%
Expected Move: $1.30
7-DTE Move: $1.07
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 243
Put Volume: 178
P/C Volume: 0.733
NEUTRAL
Call OI: 412
Put OI: 1,190
P/C OI: 2.888
Total OI: 1,602
ATM Options Pricing
ATM Call: $0.55
ATM Put: $0.75
Call %: 5.1%
Put %: 7.0%
Chain Summary
Chain Volume: 421
Chain OI: 1,602
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
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 →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 36th 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
36%
vs own history
GEX tilt
-1.00
OI-weighted, today
Vanna tilt
+0.84
δ-sensitivity to IV
Charm tilt
-0.92
δ-decay vs time
Vanna tilt +0.84: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.92: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 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
No data
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
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)19.3LowNov 9
IV Rank (30 DTE)42.0MediumNov 9
Straddle Price (30 DTE)$1.30Nov 9
Beta Analysis
Risk Metrics
Beta: 0.6347
Alpha: -29.65%
Correlation: 0.4758
R-Squared: 22.6%
Stock Volatility: 18.3%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
KBWD Institutional Ownership (13F)
Filings for 2026-06-30 · 25 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 454,200,000 (as of 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.
2 filers$853.25K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $561.38K | 65.79% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $291.87K | 34.21% | 2026-06-30 |
| # | 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
331.07K
SI % of Float
1.05%
Days to Cover
1.00
Short Vol Ratio
62.7%
Free Float
—
Float %
—
Short interest 2026-10-15 • Short volume 2026-11-09
KBWD Constituent Performance
Click any bar to view the full quote for that stock.
KBWD Constituents (23 of 23)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| PMT | PennyMac Mortgage Investment Trust | 4.27% | $8 | +1.91% | -0.37% | +13.48% |
| IVR | Invesco Mortgage Capital Inc | 4.22% | $5.45 | +0.74% | +2.06% | -3.37% |
| ORC | Orchid Island Capital Inc | 3.96% | $5.01 | +1.42% | +3.73% | -0.79% |
| ARR | ARMOUR Residential REIT Inc | 3.88% | $12.77 | +1.35% | +2.90% | -7.13% |
| DX | Dynex Capital Inc | 3.74% | $10.81 | +1.22% | +2.17% | -0.83% |
| WU | Western Union Co/The | 3.68% | $6.86 | -0.29% | +9.06% | +12.27% |
| MFA | MFA Financial Inc | 3.43% | $6.28 | +1.13% | -7.37% | -5.99% |
| AGNC | AGNC Investment Corp | 3.20% | $8.93 | +1.71% | +2.76% | +2.88% |
| NLY | Annaly Capital Management Inc | 3.09% | $18.95 | +1.07% | +2.49% | +3.61% |
| RWT | Redwood Trust Inc | 3.01% | $3.1 | -0.64% | -4.32% | +1.31% |
| ADAM | Adamas Trust Inc | 2.16% | $5.69 | +0.00% | -4.05% | -25.81% |
| APAM | Artisan Partners Asset Management Inc | 2.14% | $39.83 | +1.79% | +3.64% | +22.82% |
| FBRT | Franklin BSP Realty Trust Inc | 2.11% | $6.4 | +3.23% | +4.92% | +4.58% |
| OWL | Blue Owl Capital Inc | 1.85% | $10.37 | +5.60% | -2.35% | +11.03% |
| WASH | Washington Trust Bancorp Inc | 1.75% | $39.42 | +2.07% | -1.20% | +5.74% |
| FIBK | First Interstate BancSystem Inc | 1.68% | $38.42 | +1.64% | -0.80% | +10.43% |
| NWBI | Northwest Bancshares Inc | 1.66% | $15.38 | +0.92% | -1.85% | +3.50% |
| PRU | Prudential Financial Inc | 1.58% | $122.05 | +2.36% | +3.17% | +7.64% |
| PEBO | Peoples Bancorp Inc/OH | 1.38% | $38.8 | +0.52% | -1.77% | +7.45% |
| KRNY | Kearny Financial Corp/MD | 1.33% | $9.26 | +2.77% | -1.07% | +1.65% |
| ABR | Arbor Realty Trust Inc | 1.29% | $1.6 | -0.62% | -15.79% | -43.46% |
| LNC | Lincoln National Corp | 1.26% | $42.98 | +7.32% | +3.24% | +6.15% |
| BEN | Franklin Templeton Inc | 1.21% | $35.87 | +6.34% | +12.20% | +12.76% |