The Motley FoolT3·6d ago
MISL First Trust Indxx Aerospace & Defense ETF
ETF 40.87 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.
MISL
$40.87
—
Key stats
$40.87
After hours
$40.86
+0.00%
- 52-Week Range
- $38.84 – $51.10
- YTD
- -7.91%
- IV Rank (30D)
- 32.19
- Straddle Price
- $0.00
- P/C Vol Ratio
- 1.20
- Open
- $41.03
- Day Range
- $40.48 – $41.48
- Volume
- 97,101
- Prev Close
- $41.37
About
First Trust Indxx Aerospace & Defense ETF (MISL) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2022-10-25
- Has Options
- Yes
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.60% prospectus, filed Apr 30, 2026
- Assets
- $667M issuer-reported, Oct 20, 2026
- Trailing yield
- 0.07% paid quarterly
- Average daily volume
- $3.9M 30 sessions
- Holdings
- 45 top 10 are 61.1%
- Listed
- Oct 25, 2022 NYSE Arca
- Net asset value
- $40.93 issuer, Oct 20, 2026
- 30-day SEC yield
- 0.06% issuer, Sep 30, 2026
- Tracking difference
- -0.89 pts vs index, after fees, FY 2025
Cost38
Liquidity53
Scale68
Diversification47
Moves with. US large-cap stocks (30% of its variance, beta 0.98); Small caps over large (10% of its variance, beta 0.59); Gold (4% of its variance, beta 0.10). These factors explain 45% of its daily moves over the last year.
Stated objective. "The First Trust Indxx Aerospace & Defense ETF (the ""Fund"" ) seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Indxx US Aerospace & Defense Index (the Index )." (from the fund's prospectus)
All 45 holdingsFlow historySimilar fundsOverlap toolAll Aerospace & Defense ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$29M latest reported month
- Latest 3 months
- −$662M −82.5% of assets
- Latest 12 months
- +$520M +64.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$29M |
| May 2026 | −$746M |
| Apr 2026 | +$56M |
| Mar 2026 | +$59M |
| Feb 2026 | +$53M |
| Jan 2026 | −$16M |
| Dec 2025 | +$1.0B |
| Nov 2025 | +$6.2M |
| Oct 2025 | +$6.5M |
| Sep 2025 | +$6.0M |
| Aug 2025 | +$12M |
| Jul 2025 | +$9.6M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 45 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| PPAInvesco Aerospace & Defense ETF | 69% | 0.58% | $7.4B | +0.5% | compare |
| ITAiShares U.S. Aerospace & Defense ETF | 67% | 0.37% | $11.9B | −1.8% | compare |
| NATOThemes Transatlantic Defense ETF | 57% | 0.35% | $101M | −4.4% | compare |
| DFENDirexion Daily Aerospace & Defense Bull 3X ETF | 54% | — | $285M | −33.3% | compare |
| XARState Street SPDR S&P Aerospace & Defense ETF | 53% | 0.35% | $5.0B | −7.8% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +2.2% 35% under, 28% over · 100% covered
- Price / earnings
- 36.4 8% loss-making · 88% covered
- Price / book · sales
- 5.5 · 2.6 revenue growth +10.5%
- Above 200-day average
- 13% 30% above 50-day · by weight
- Short interest
- 3.8% of float, weighted · 2.9 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 38% net selling
- 13F holders
- +2.8% change in shares held by institutions, latest quarter
- Reporting earnings
- 31.4% of weight in 7 days; 48.9% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.38%
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
Oct 15, 2026 → Oct 16, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | PLTRPalantir Technologies Inc. (Class A) | 13.58% | 7.21% | −40.9% |
| New position | HONAHoneywell Aerospace Inc. | — | 4.31% | — |
| Decrease | SPCXSpace Exploration Technologies Corp. (Class A) | 8.78% | 7.28% | −13.0% |
| Increase | BAThe Boeing Company | 7.29% | 8.10% | +13.7% |
| Increase | GEGE Aerospace | 7.46% | 8.25% | +13.5% |
| Increase | LHXL3Harris Technologies, Inc. | 3.55% | 4.25% | +19.5% |
| Increase | HWMHowmet Aerospace Inc. | 3.48% | 3.98% | +17.1% |
| Increase | TDGTransDigm Group Incorporated | 3.77% | 4.17% | +13.5% |
| Increase | GDGeneral Dynamics Corporation | 3.86% | 4.21% | +10.3% |
| New position | AVEXAEVEX Corp. (Class A) | — | 0.21% | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.7%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 10 active of 26 with agreements; top 3 did 60%
- Created · redeemed
- $1.2B · $136M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- -0.89 pts after fees; -0.05 before; daily s.d. 0.05
- 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 2026-10-20
Holdings
45
AUM
$667.4M
Provider
First Trust
Inception
2022-10-25
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.60%
Dividend Yield
0.07%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-03-26 | 2026-03-31 | $0.0286 | CD |
| 2025-09-25 | 2025-09-30 | $0.1073 | CD |
| 2025-06-26 | 2025-06-30 | $0.0279 | CD |
| 2025-03-27 | 2025-03-31 | $0.0357 | CD |
| 2024-12-13 | 2024-12-31 | $0.1354 | CD |
| 2024-09-26 | 2024-09-30 | $0.0244 | CD |
Asset Allocation
Top Holdings
top 45 of 45 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| RTX | RTX Corporation | 8.47% | Equity (US) | US |
| BA | The Boeing Company | 8.15% | Equity (US) | US |
| GE | GE Aerospace | 7.93% | Equity (US) | US |
| PLTR | Palantir Technologies Inc. (Class A) | 7.51% | Equity (US) | US |
| SPCX | Space Exploration Technologies Corp. (Class A) | 7.41% | Equity (US) | US |
| NOC | Northrop Grumman Corporation | 4.53% | Equity (US) | US |
| LMT | Lockheed Martin Corporation | 4.39% | Equity (US) | US |
| LHX | L3Harris Technologies, Inc. | 4.28% | Equity (US) | US |
| GD | General Dynamics Corporation | 4.24% | Equity (US) | US |
| TDG | TransDigm Group Incorporated | 4.20% | Equity (US) | US |
| HONA | Honeywell Aerospace Inc. | 4.13% | Equity (US) | US |
| HEI | HEICO Corporation | 3.97% | Equity (US) | US |
| HWM | Howmet Aerospace Inc. | 3.83% | Equity (US) | US |
| RKLB | Rocket Lab Corporation | 3.04% | Equity (US) | US |
| WWD | Woodward, Inc. | 2.10% | Equity (US) | US |
| CW | Curtiss-Wright Corporation | 2.01% | Equity (US) | US |
| FTAI | FTAI Aviation Ltd. | 1.78% | Equity (US) | US |
| ASTS | AST SpaceMobile, Inc. | 1.76% | Equity (US) | US |
| LDOS | Leidos Holdings, Inc. | 1.76% | Equity (US) | US |
| CACI | CACI International Inc. | 1.47% | Equity (US) | US |
| TXT | Textron Inc. | 1.46% | Equity (US) | US |
| MOG.A | Moog Inc. | 1.27% | Equity (US) | US |
| HII | Huntington Ingalls Industries, Inc. | 1.18% | Equity (US) | US |
| DRS | Leonardo DRS, Inc. | 0.99% | Equity (US) | US |
| KTOS | Kratos Defense & Security Solutions, Inc. | 0.80% | Equity (US) | US |
| HXL | Hexcel Corporation | 0.76% | Equity (US) | US |
| AVAV | AeroVironment, Inc. | 0.66% | Equity (US) | US |
| LOAR | Loar Holdings Inc. | 0.64% | Equity (US) | US |
| SAIC | Science Applications International Corporation | 0.62% | Equity (US) | US |
| PSN | Parsons Corporation | 0.52% | Equity (US) | US |
| KRMN | Karman Holdings Inc. | 0.51% | Equity (US) | US |
| KBR | KBR, Inc. | 0.51% | Equity (US) | US |
| MRCY | Mercury Systems, Inc. | 0.50% | Equity (US) | US |
| AIR | AAR CORP. | 0.44% | Equity (US) | US |
| FLY | Firefly Aerospace Inc. | 0.30% | Equity (US) | US |
| ATRO | Astronics Corporation | 0.28% | Equity (US) | US |
| DCO | Ducommun Incorporated | 0.28% | Equity (US) | US |
| LUNR | Intuitive Machines, Inc. (Class A) | 0.26% | Equity (US) | US |
| — | US Dollar | 0.23% | Cash/Money Market | — |
| AADX | Applied Aerospace & Defense, Inc. | 0.21% | Equity (US) | US |
| AVEX | AEVEX Corp. (Class A) | 0.20% | Equity (US) | US |
| VOYG | Voyager Technologies, Inc. (Class A) | 0.16% | Equity (US) | US |
| NPK | National Presto Industries, Inc. | 0.12% | Equity (US) | US |
| YSS | York Space Systems Inc. | 0.09% | Equity (US) | US |
| BKSY | BlackSky Technology Inc. (Class A) | 0.08% | Equity (US) | US |
Chart
Seasonality
| Month | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | 1.39% | -1.11% | 3.16% | 10.25% | 3.42% |
| Feb | -- | 0.09% | 4.85% | -3.36% | 1.88% | 0.86% |
| Mar | -- | -1.17% | 3.16% | 1.20% | -11.80% | -2.15% |
| Apr | -- | -2.33% | 0.11% | 4.63% | -3.32% | -0.23% |
| May | -- | -4.62% | 5.82% | 7.75% | 11.72% | 5.17% |
| Jun | -- | 7.68% | -2.07% | 8.51% | -3.62% | 2.62% |
| Jul | -- | 1.36% | 9.30% | 5.26% | -6.60% | 2.33% |
| Aug | -- | -1.95% | 5.49% | 1.15% | -0.38% | 1.08% |
| Sep | -- | -7.01% | 3.27% | 5.32% | -4.35% | -0.69% |
| Oct | 4.03% | 5.00% | -2.65% | 3.16% | -2.20%* | 1.47% |
| Nov | 3.19% | 6.35% | 2.97% | -4.60% | -- | 1.98% |
| Dec | 0.41% | 3.06% | -4.92% | 8.00% | -- | 1.64% |
| Total | 7.79% | 7.00% | 25.93% | 47.10% | -10.23% | 15.52% |
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: $41.70
SMA 50: $43.16
SMA 200: $45.69
Current: $40.91
EMA 12: $41.41
EMA 26: $41.94
MACD: -0.5324 | Signal: -0.0043
BEARISH
ADX (14): 33.56
TREND
+DI: 14.80
−DI: 31.81
Momentum Oscillators
RSI (14): 37.67
NEUTRAL
Stoch %K: 27.98
Stoch %D: 28.74
Williams %R: -78.59
Volume & Volatility
BB Upper: $42.71
BB Lower: $40.69
NEUTRAL
OBV: -22,739,468
Vol SMA 20: 99,340
Vol ROC: 13.78%
ATR: $0.72
True Range: $1.00
HV 20: 14.9%
HV 30: 13.6%
HV 60: 20.7%
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
Executive Summary Overall Assessment: NEUTRAL (Confidence Level: 7/10) Key Drivers: Technical indicators are neutral, while recent news headlines are positive. Primary Risks: Volatility and potential breakdown from upper Bollinger Band. Investment Thesis: MISL's technical indicators suggest a range-bound market, but the stock has a higher beta than the overall market, making it more volatile. Recent news headlines have been positive, which could support the stock price. Recent News Sentiment Impact: Positive sentiment from recent headlines (60%) outweighs neutral and negative sentiments (20%).
Technical Analysis Trend Direction: * Short-term: Neutral (range-bound) * Medium-term: Bearish (downward trend since 2025-04-22) * Long-term: Bullish (uptrend since 2024-09-15)
Support/Resistance Levels: * Lower Bollinger Band: $43.91 * Middle Band: $46.47 * Upper Band: $49.02
Momentum Signals: * RSI: Neutral (49.42) * MACD: Bullish (0.11 / Signal: -0.14 / Histogram: 0.25) * Bollinger Bands: Squeeze (neutral)
Volume Analysis: * Volume SMA 20: 156684.10 * On-Balance Volume (OBV): -22432891.05 * Volume Rate of Change: -44.94%
News & Sentiment Analysis Recent Headlines Summary: * Defense Spending Is Surging. MISL Bets on Tech. ITA Bets on Tradition. * First Trust (MISL) vs. ARK (ARKX): Which Space and Aerospace ETF Reigns Supreme? * Why Is AST SpaceMobile Stock Sinking Monday? * Boeing Finalizes $10.55 Billion Deal To Divest Jeppesen And ForeFlight Assets * London's Heathrow, Collins Aerospace Ink Long-Term Deal To Enhance Airport Operations * Boeing's Production Volumes Likely To Improve Throughout 2025: Goldman Sachs
Sentiment Assessment: Positive (60%) with a neutral bias.
Catalyst Identification: * Upcoming events: None mentioned in recent news headlines. * Earnings dates: No earnings data available.
Market Narrative: * Technical signals are mixed, but the recent positive news sentiment could support the stock price.
Risk & Volatility Assessment Beta Interpretation: Higher than average (1.11) relative to SPY (0.92).
Volatility Regime: Above average (30.1% HV60) with a high IV rank (18.0%).
Options Market Signals: * IV Rank: 18.0% (Low) * Current IV: 35.8% * Expected Move: $4.08 (34 DTE), 7-DTE: $3.25 * Volume Flow: 0 calls vs 0 puts * Open Interest: 0 calls vs 0 puts * Put/Call Volume Ratio: 0.00
Downside Protection: * Support levels: Lower Bollinger Band ($43.91), Middle Band ($46.47) * Risk management: Consider stop-loss levels around $44.58 (SMA 200) and position sizing considerations.
Market Context & Positioning Sector Performance: * Aerospace sector has been relatively strong, with Boeing's stock performing well.
Institutional Activity: * Volume patterns suggest institutional interest is moderate (156684.10 volume SMA 20).
Correlation Analysis: * Stock moves relatively strongly with the market (R-squared: 0.58), indicating a high correlation.
Relative Valuation: * Position within trading range, with the stock slightly above its 50-day moving average.
Key Levels & Action Items Critical Price Levels: * Support levels: Lower Bollinger Band ($43.91), Middle Band ($46.47) * Resistance level: Upper Bollinger Band ($49.02)
Breakout/Breakdown Levels: * Breakout level: $49.02 (Upper Bollinger Band) * Breakdown level: $43.91 (Lower Bollinger Band)
Time-Sensitive Catalysts: * None mentioned in recent news headlines.
Risk Management: * Consider stop-loss levels around $44.58 (SMA 200) and position sizing considerations.
Generated
News
All MISL news →
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MISL Options Activity & IV Rank
MISL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 32.2%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 5
Put Volume: 6
P/C Volume: 1.2
NEUTRAL
Call OI: 5
Put OI: 6
P/C OI: 1.2
Total OI: 11
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 17
Chain OI: 46
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 52nd 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
52%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
-0.47
δ-sensitivity to IV
Charm tilt
-0.17
δ-decay vs time
Vanna tilt -0.47: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
? What is this?
· 3 ATM contracts, 0k 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 33.4% / 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)32.2MediumOct 22
Straddle Price (30 DTE)$0.00Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1830
Alpha: -16.91%
Correlation: 0.5967
R-Squared: 35.6%
Stock Volatility: 25.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
MISL 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 |
|---|
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
9.26K
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
14.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
MISL Constituent Performance
Click any bar to view the full quote for that stock.
MISL Constituents (44 of 44)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| RTX | RTX Corporation | 8.47% | $194.71 | +1.62% | +4.15% | +3.23% |
| BA | The Boeing Company | 8.15% | $187.55 | -2.46% | -0.63% | -4.70% |
| GE | GE Aerospace | 7.93% | $293.54 | -0.79% | -5.92% | -8.21% |
| PLTR | Palantir Technologies Inc. (Class A) | 7.51% | $196.19 | -2.74% | -2.15% | +1.87% |
| SPCX | Space Exploration Technologies Corp. (Class A) | 7.41% | $144.75 | -9.14% | -2.60% | -2.22% |
| NOC | Northrop Grumman Corporation | 4.53% | $552.35 | +2.42% | +10.55% | +8.52% |
| LMT | Lockheed Martin Corporation | 4.39% | $589.91 | +6.96% | +10.75% | +12.64% |
| LHX | L3Harris Technologies, Inc. | 4.28% | $254.23 | +2.70% | +5.71% | +6.80% |
| GD | General Dynamics Corporation | 4.24% | $350.79 | +1.76% | +4.08% | +4.31% |
| TDG | TransDigm Group Incorporated | 4.20% | $1141.74 | +1.09% | +0.66% | +3.30% |
| HONA | Honeywell Aerospace Inc. | 4.13% | $163.02 | +0.34% | -0.06% | +2.88% |
| HEI | HEICO Corporation | 3.97% | $300.02 | +0.57% | -2.79% | -2.06% |
| HWM | Howmet Aerospace Inc. | 3.83% | $193.29 | -7.14% | -12.02% | -15.73% |
| RKLB | Rocket Lab Corporation | 3.04% | $51.22 | -4.56% | -7.29% | -30.42% |
| WWD | Woodward, Inc. | 2.10% | $304.85 | -6.24% | -8.53% | -6.45% |
| CW | Curtiss-Wright Corporation | 2.01% | $474.28 | -4.03% | -5.43% | -12.85% |
| FTAI | FTAI Aviation Ltd. | 1.78% | $157.5 | -3.68% | -6.56% | -9.76% |
| LDOS | Leidos Holdings, Inc. | 1.76% | $134.73 | +4.26% | +8.65% | +9.23% |
| ASTS | AST SpaceMobile, Inc. | 1.76% | $38.77 | -5.21% | -12.80% | -36.51% |
| CACI | CACI International Inc. | 1.47% | $619.22 | -0.67% | +1.29% | +0.39% |
| TXT | Textron Inc. | 1.46% | $78.04 | +0.98% | +3.85% | +2.66% |
| MOG.A | Moog Inc. | 1.27% | $341.71 | -6.96% | -6.42% | -10.72% |
| HII | Huntington Ingalls Industries, Inc. | 1.18% | $278.86 | +1.79% | +4.36% | +4.83% |
| DRS | Leonardo DRS, Inc. | 0.99% | $34.3 | +1.06% | -3.30% | -8.75% |
| KTOS | Kratos Defense & Security Solutions, Inc. | 0.80% | $38.27 | -1.21% | -6.06% | -18.61% |
| HXL | Hexcel Corporation | 0.76% | $81.27 | -9.54% | -9.56% | -4.89% |
| AVAV | AeroVironment, Inc. | 0.66% | $117.7 | +0.16% | -4.48% | -25.76% |
| LOAR | Loar Holdings Inc. | 0.64% | $64.82 | +3.02% | +3.32% | -0.93% |
| SAIC | Science Applications International Corporation | 0.62% | $143.53 | +4.97% | +7.67% | +8.39% |
| PSN | Parsons Corporation | 0.52% | $47.8 | +5.29% | +8.39% | +12.63% |
| KBR | KBR, Inc. | 0.51% | $39.53 | +5.95% | +8.48% | +13.56% |
| KRMN | Karman Holdings Inc. | 0.51% | $34.58 | -1.96% | +2.01% | -0.97% |
| MRCY | Mercury Systems, Inc. | 0.50% | $75.56 | +0.09% | -1.11% | -9.16% |
| AIR | AAR CORP. | 0.44% | $96.67 | -2.98% | -1.34% | -19.82% |
| FLY | Firefly Aerospace Inc. | 0.30% | $17.52 | -0.76% | -1.74% | -24.12% |
| ATRO | Astronics Corporation | 0.28% | $59.2 | -4.24% | -3.85% | -14.39% |
| DCO | Ducommun Incorporated | 0.28% | $160.05 | -5.07% | -6.18% | -8.32% |
| LUNR | Intuitive Machines, Inc. (Class A) | 0.26% | $10.45 | -4.22% | -9.68% | -33.44% |
| AADX | Applied Aerospace & Defense, Inc. | 0.21% | $9.9 | -6.43% | -12.78% | -22.29% |
| AVEX | AEVEX Corp. (Class A) | 0.20% | $10.96 | +13.22% | -27.85% | -34.29% |
| VOYG | Voyager Technologies, Inc. (Class A) | 0.16% | $23.82 | -2.85% | -10.99% | -23.41% |
| NPK | National Presto Industries, Inc. | 0.12% | $148.4 | -1.14% | +0.71% | +2.98% |
| YSS | York Space Systems Inc. | 0.09% | $6.1 | +2.69% | +0.00% | -37.82% |
| BKSY | BlackSky Technology Inc. (Class A) | 0.08% | $16.69 | -3.80% | -9.54% | -27.97% |