MKTN Federated Hermes MDT Market Neutral ETF
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Federated Hermes MDT Market Neutral ETF (MKTN) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2025-09-24
- Has Options
- No
- Expense ratio
- 1.94% prospectus, filed Feb 24, 2026
- Assets
- $107M SEC filing, Jun 30, 2026
- Trailing yield
- 0.23%
- Average daily volume
- $1.3M 30 sessions
- Holdings
- 394 top 10 are 23.8%
- Listed
- Sep 24, 2025 NYSE Arca
- Last fee change
- -16 bp filed Feb 24, 2026
Moves with. Emerging markets over US (6% of its variance, beta -0.12). These factors explain 10% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Funds investment objective is to seek to provide long-term capital appreciation while limiting exposure to general stock market risk. (from the fund's prospectus)
All 394 holdingsFlow historyOverlap toolAll Long/Short & Market Neutral ETFs
- Jun 2026
- +$12M latest reported month
- Latest 3 months
- +$25M +23.0% of assets
- Latest 12 months
- +$105M +98.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$12M |
| May 2026 | +$3.1M |
| Apr 2026 | +$9.0M |
| Mar 2026 | +$1.6M |
| Feb 2026 | +$19M |
| Jan 2026 | +$33M |
| Dec 2025 | +$17M |
| Nov 2025 | +$3.0M |
| Oct 2025 | +$3.4M |
| Sep 2025 | +$2.5M |
| Aug 2025 | $0 |
| Jul 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 12 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| FTLSFirst Trust Long/Short Equity ETF | — | 1.38% | $2.6B | +11.4% | compare |
| QAINYLIM Hedge Multi-Strategy Tracker ETF | — | 0.88% | $994M | +5.9% | compare |
| CLSEConvergence Long/Short Equity ETF | — | 1.52% | $614M | +31.2% | compare |
| ORRMilitia Long/Short Equity ETF | — | — | $367M | +25.2% | compare |
| BTALAGF U.S. Market Neutral Anti-Beta Fund | — | 1.40% | $333M | −16.5% | compare |
The largest other funds in the Long/Short & Market Neutral category.
- Holdings vs fair value
- +13.6% 51% under, 15% over · 94% covered
- Price / earnings
- 23.8 9% loss-making · 94% covered
- Price / book · sales
- 3.0 · 1.5 revenue growth +9.7%
- Above 200-day average
- 56% 44% above 50-day · by weight
- Short interest
- 6.7% of float, weighted · 3.7 days to cover
- Insider buying
- 6% of weight had net insider buying, 90 days; 61% net selling
- 13F holders
- +1.0% change in shares held by institutions, latest quarter
- Reporting earnings
- 18.4% of weight in 7 days; 46.7% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | CRWDCROWDSTRIKE HOLDINGS INC | 0.04% | 2.11% | +2840.4% |
| Decrease | UNHUNITEDHEALTH GROUP INC | 2.40% | 0.38% | −89.8% |
| Increase | GEGE AEROSPACE | 0.68% | 2.18% | +138.8% |
| Exit | PLTRPalantir Technologies Inc | 1.38% | — | — |
| Decrease | CECELANESE CORP | 2.06% | 1.08% | −26.4% |
| Increase | INTUINTUIT INC | 0.93% | 1.85% | +224.9% |
| Increase | FTNTFORTINET INC | 0.38% | 1.22% | +67.9% |
| Decrease | DLTRDOLLAR TREE INC | 0.90% | 0.08% | −91.7% |
| Exit | FOXAFox Corporation | 0.79% | — | — |
| Increase | ANETARISTA NETWORKS INC | 0.28% | 1.04% | +166.4% |
22 new, 20 exited, 52 increased and 49 decreased between the fund's two latest holdings reports; turnover 50.5%. Full holdings and history
- Authorized participants
- 1 active of 5 with agreements; top 3 did 100%
- Created · redeemed
- $7.7M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 20,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-31 | 2026-01-02 | $0.0655 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | FEDERATED HERMES MONEY MARKET OBLIGATIONS TRUST | 79.33% | Short-term investment | US |
| — | VIKING HOLDINGS LTD | 2.95% | Equity (common) | BM |
| GEV | GE VERNOVA INC | 2.89% | Equity (common) | US |
| TRV | TRAVELERS COMPANIES INC (THE) | 2.86% | Equity (common) | US |
| ABBV | ABBVIE INC | 2.44% | Equity (common) | US |
| AAP | ADVANCE AUTO PARTS INC | 2.29% | Equity (common) | US |
| FISV | FISERV INC | 2.27% | Equity (common) | US |
| GE | GE AEROSPACE | 2.18% | Equity (common) | US |
| CRWD | CROWDSTRIKE HOLDINGS INC | 2.11% | Equity (common) | US |
| BNY | BANK OF NEW YORK MELLON CORP (THE) | 1.90% | Equity (common) | US |
| FIVE | FIVE BELOW INC | 1.90% | Equity (common) | US |
| INTU | INTUIT INC | 1.85% | Equity (common) | US |
| STT | STATE STREET CORP | 1.68% | Equity (common) | US |
| MRNA | MODERNA INC | 1.63% | Equity (common) | US |
| ENPH | ENPHASE ENERGY INC | 1.52% | Equity (common) | US |
| LULU | LULULEMON ATHLETICA INC | 1.45% | Equity (common) | US |
| REGN | REGENERON PHARMACEUTICALS INC | 1.44% | Equity (common) | US |
| COST | COSTCO WHOLESALE CORP | 1.42% | Equity (common) | US |
| HUM | HUMANA INC | 1.39% | Equity (common) | US |
| FTNT | FORTINET INC | 1.22% | Equity (common) | US |
| ALGN | ALIGN TECHNOLOGY INC | 1.21% | Equity (common) | US |
| ADBE | ADOBE INC | 1.19% | Equity (common) | US |
| — | ACCENTURE PLC | 1.12% | Equity (common) | IE |
| CART | MAPLEBEAR INC | 1.10% | Equity (common) | US |
| TTD | TRADE DESK INC (THE) | 1.09% | Equity (common) | US |
| IT | GARTNER INC | 1.09% | Equity (common) | US |
| VRT | VERTIV HOLDINGS COMPANY | 1.08% | Equity (common) | US |
| CE | CELANESE CORP | 1.08% | Equity (common) | US |
| VLTO | VERALTO CORP | 1.05% | Equity (common) | US |
| ANET | ARISTA NETWORKS INC | 1.04% | Equity (common) | US |
| PRU | PRUDENTIAL FINANCIAL INC | 1.03% | Equity (common) | US |
| JXN | JACKSON FINANCIAL INC | 1.01% | Equity (common) | US |
| DECK | DECKERS OUTDOOR CORP | 0.94% | Equity (common) | US |
| NFLX | NETFLIX INC | 0.93% | Equity (common) | US |
| SCHW | CHARLES SCHWAB CORP (THE) | 0.87% | Equity (common) | US |
| NTAP | NETAPP INC | 0.87% | Equity (common) | US |
| CHTR | CHARTER COMMUNICATIONS INC | 0.86% | Equity (common) | US |
| AHR | AMERICAN HEALTHCARE REIT INC | 0.84% | Equity (common) | US |
| DUOL | DUOLINGO INC | 0.83% | Equity (common) | US |
| TEAM | ATLASSIAN CORP | 0.83% | Equity (common) | US |
| RDDT | Reddit Inc | 0.80% | Equity (common) | US |
| AMP | AMERIPRISE FINANCIAL INC | 0.74% | Equity (common) | US |
| VEEV | VEEVA SYSTEMS INC | 0.74% | Equity (common) | US |
| NEM | NEWMONT CORP | 0.71% | Equity (common) | US |
| NTRS | NORTHERN TRUST CORP | 0.70% | Equity (common) | US |
| GM | GENERAL MOTORS COMPANY | 0.70% | Equity (common) | US |
| TER | TERADYNE INC | 0.67% | Equity (common) | US |
| UBER | UBER TECHNOLOGIES INC | 0.66% | Equity (common) | US |
| UAL | UNITED AIRLINES HOLDINGS INC | 0.64% | Equity (common) | US |
| GH | GUARDANT HEALTH INC | 0.62% | Equity (common) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 79.33% | $84.7M | 1 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 0.12% | 0.12% |
| Feb | -- | 0.69% | 0.69% |
| Mar | -- | 0.46% | 0.46% |
| Apr | -- | -2.45% | -2.45% |
| May | -- | 1.18% | 1.18% |
| Jun | -- | -0.54% | -0.54% |
| Jul | -- | 5.00% | 5.00% |
| Aug | -- | 1.55% | 1.55% |
| Sep | 0.09% | 0.72% | 0.40% |
| Oct | 1.74% | 2.18%* | 1.96% |
| Nov | 0.32% | -- | 0.32% |
| Dec | 1.92% | -- | 1.92% |
| Total | 4.12% | 9.10% | 6.61% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: MKTN
Executive Summary
BULLISH (Confidence Level: 8/10)
Key drivers:
- Bullish MACD signal and increasing momentum signals (RSI, Stochastic %K)
- Strong support from SMA 20 and Bollinger Bands middle line
- Low volatility and stable price action
Primary risks:
- Potential for a pullback to SMA 50 if the current uptrend falters
- Uncertainty around upcoming earnings release
Investment thesis: MKTN is poised for further upside driven by strong technical signals, low volatility, and positive sentiment.
Recent news sentiment impact: No recent news available, but the absence of negative headlines has allowed the stock to maintain its upward momentum.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Uptrend, Medium-term (1-3 months): Uptrend, Long-term (3-12 months): Sideways
Support/Resistance Levels: SMA 20 ($27.49), Bollinger Bands middle line ($27.49), Upper band ($27.88)
Momentum Signals: * RSI interpretation: Neutral (59.27) * MACD signal: Bullish * Bollinger Bands position: Squeeze
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: Increasing, indicating growing buying pressure
- On-Balance Volume (OBV): Strongly positive, suggesting a significant uptrend
- Volume Rate of Change: 123.55%, indicating increasing trading activity
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Neutral (lack of news headlines)
Catalyst Identification: Earnings release upcoming, but no specific date announced.
Market Narrative: Absence of negative news has allowed the stock to maintain its upward momentum, setting the stage for potential further gains.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta = 0.01)
Volatility Regime: Low volatility regime, with stable price action
Options Market Signals: No options data available, but low IV premium suggests limited speculation and reduced risk.
Downside Protection: Support levels include SMA 20 ($27.49) and Bollinger Bands middle line ($27.49).
Market Context & Positioning
Sector Performance: MKTN's sector (Healthcare) has been trending sideways to slightly up
Institutional Activity: Strong institutional interest, as reflected in On-Balance Volume (OBV)
Correlation Analysis: MKTN is correlated with the broader market (R-squared = 0.02), suggesting it may follow market trends.
Relative Valuation: MKTN's relative valuation is neutral within its trading range
Key Levels & Action Items
- Critical Price Levels: SMA 20 ($27.49) and Bollinger Bands middle line ($27.49)
- Breakout/Breakdown Levels: Upper band ($27.88) for a potential breakout or SMA 50 ($26.51) for a pullback
- Time-Sensitive Catalysts: Earnings release upcoming, but no specific date announced.
- Risk Management: Set stop-loss levels at SMA 20 ($27.49) and position sizing considerations for any trading decisions.
Please note that this analysis is based on the provided data and should not be taken as buy/sell advice.
MKTN 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: 251
Period: 252 trading days
Low volatility - stock moves less than market
MKTN Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|