LTAX Nomura Tax-Free USA ETF
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Nomura Tax-Free USA ETF (LTAX) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2026-01-12
- Has Options
- No
- Expense ratio
- 0.39% prospectus, filed Jul 29, 2025
- Assets
- $6.3M SEC filing, Jun 30, 2026
- Trailing yield
- 2.92% paid monthly
- Average daily volume
- $94K 30 sessions
- Holdings
- 84 top 10 are 20.2%
- Listed
- Jan 12, 2026 NYSE Arca
Moves with. Long Treasuries (30% of its variance, beta 0.29); US large-cap stocks (10% of its variance, beta 0.11). These factors explain 45% of its daily moves over the last year.
Stated objective. Macquarie Tax-Free USA ETF seeks as high a level of current interest income exempt from federal income tax as is available from municipal obligations and as is consistent with prudent investment management and preservation of capital. (from the fund's prospectus)
All 84 holdingsFlow historyOverlap toolAll National Muni ETFs
- Jun 2026
- $0 latest reported month
- Latest 3 months
- +$620K +9.8% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | $0 |
| May 2026 | $0 |
| Apr 2026 | +$620K |
| Mar 2026 | $0 |
| Feb 2026 | +$626K |
| Jan 2026 | +$5.0M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 6 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| MUBiShares National Muni Bond ETF | — | 0.05% | $48.9B | −5.1% | compare |
| VTEBVanguard Tax-Exempt Bond Index Fund | — | 0.03% | $44.4B | −5.5% | compare |
| JMUBJPMorgan Municipal ETF | — | 0.18% | $8.3B | −5.6% | compare |
| CGMUCapital Group Municipal Income ETF | — | 0.27% | $6.8B | −4.5% | compare |
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 0.28% | $4.0B | −8.0% | compare |
The largest other funds in the National Muni category.
- Authorized participants
- 2 active of 6 with agreements; top 3 did 100%
- Created · redeemed
- $5.6M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 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.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-30 | 2026-10-06 | $0.0945 | CD |
| 2026-08-31 | 2026-09-04 | $0.0822 | CD |
| 2026-07-31 | 2026-08-06 | $0.0831 | CD |
| 2026-06-30 | 2026-07-07 | $0.0826 | CD |
| 2026-05-29 | 2026-06-04 | $0.0790 | CD |
| 2026-04-30 | 2026-05-06 | $0.0799 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | State of Washington | 2.52% | Debt | US |
| — | New York City Transitional Finance Authority | 2.48% | Debt | US |
| — | Puerto Rico Sales Tax Financing Corp. | 2.36% | Debt | PR |
| — | Public Finance Authority | 2.07% | Debt | US |
| — | Commonwealth of Puerto Rico | 1.86% | Debt | PR |
| — | New Jersey Transportation Trust Fund Authority | 1.85% | Debt | US |
| — | Massachusetts Development Finance Agency | 1.82% | Debt | US |
| — | Arizona Department of Transportation State Highway Fund Revenue | 1.80% | Debt | US |
| — | Texas Transportation Finance Corp. | 1.72% | Debt | US |
| — | Minnesota Agricultural & Economic Development Board | 1.72% | Debt | US |
| — | Port Authority of New York & New Jersey | 1.71% | Debt | US |
| — | Hillsborough County Industrial Development Authority | 1.70% | Debt | US |
| — | Greater Orlando Aviation Authority | 1.69% | Debt | US |
| — | Washington Metropolitan Area Transit Authority | 1.69% | Debt | US |
| — | New York City Municipal Water Finance Authority | 1.69% | Debt | US |
| — | Colorado Bridge & Tunnel Enterprise | 1.69% | Debt | US |
| — | Yuma Industrial Development Authority | 1.69% | Debt | US |
| — | Salt River Project Agricultural Improvement & Power District | 1.68% | Debt | US |
| — | Illinois Finance Authority | 1.68% | Debt | US |
| — | City of New York | 1.68% | Debt | US |
| — | South Carolina Public Service Authority | 1.67% | Debt | US |
| — | Metropolitan Nashville Airport Authority (The) | 1.66% | Debt | US |
| — | Black Belt Energy Gas District | 1.66% | Debt | US |
| — | Chicago O'Hare International Airport | 1.65% | Debt | US |
| — | New Jersey Transportation Trust Fund Authority | 1.64% | Debt | US |
| — | Texas Department of Housing & Community Affairs | 1.59% | Debt | US |
| — | Puerto Rico Sales Tax Financing Corp. | 1.58% | Debt | PR |
| — | University of California | 1.58% | Debt | US |
| — | Texas Private Activity Bond Surface Transportation Corp. | 1.56% | Debt | US |
| — | Mobile County Industrial Development Authority | 1.53% | Debt | US |
| — | Public Finance Authority | 1.53% | Debt | US |
| — | Chicago Board of Education | 1.50% | Debt | US |
| — | GDB Debt Recovery Authority of Puerto Rico | 1.47% | Debt | PR |
| — | City & County of Denver | 1.45% | Debt | US |
| — | State of Illinois | 1.44% | Debt | US |
| — | Michigan Finance Authority | 1.40% | Debt | US |
| — | California Educational Facilities Authority | 1.38% | Debt | US |
| — | Allegheny County Higher Education Building Authority | 1.29% | Debt | US |
| — | Chicago O'Hare International Airport | 1.27% | Debt | US |
| — | County of Miami-Dade | 1.25% | Debt | US |
| — | Commonwealth of Puerto Rico | 1.25% | Debt | PR |
| — | State of Hawaii | 1.02% | Debt | US |
| — | Pennsylvania Economic Development Financing Authority | 1.00% | Debt | US |
| — | Geisinger Authority | 0.98% | Debt | US |
| — | Arapahoe County School District No. 5 | 0.98% | Debt | US |
| — | Regional Transportation District | 0.91% | Debt | US |
| — | California Health Facilities Financing Authority | 0.89% | Debt | US |
| — | Hillsborough County Industrial Development Authority | 0.87% | Debt | US |
| — | Pennsylvania Higher Educational Facilities Authority | 0.87% | Debt | US |
| — | Maryland Health & Higher Educational Facilities Authority | 0.87% | Debt | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 98.57% | $6.2M | 84 |
| Month | '26 | Avg |
|---|---|---|
| Jan | -0.01% | -0.01% |
| Feb | 0.99% | 0.99% |
| Mar | -2.03% | -2.03% |
| Apr | 0.76% | 0.76% |
| May | 0.35% | 0.35% |
| Jun | 0.93% | 0.93% |
| Jul | -2.45% | -2.45% |
| Aug | -0.91% | -0.91% |
| Sep | -4.70% | -4.70% |
| Oct | -0.62%* | -0.62% |
| Nov | -- | -- |
| Dec | -- | -- |
| Total | -7.57% | -7.57% |
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
Click Frenzy-Pro™ for an AI analysis of this ticker.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
LTAX 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: 185
Period: 252 trading days
Low volatility - stock moves less than market
LTAX Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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 |
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| # | Filer | Notional Value | % of Total | Period |
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Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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