Seeking AlphaT3·28mo ago
OPER ClearShares Ultra-Short Maturity ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. 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.
OPER
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Key stats
About
ClearShares Ultra-Short Maturity ETF (OPER) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2018-07-10
- Has Options
- No
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
- Expense ratio
- 0.20% prospectus, filed Sep 26, 2025
- Assets
- $118M shares × price, Oct 21, 2026
- Trailing yield
- 3.77% paid monthly
- Average daily volume
- $448K 30 sessions
- Holdings
- 5 top 10 are 0.0%
- Listed
- Jul 10, 2018 NYSE Arca
Cost60
Liquidity22
Scale40
Diversificationn/a
Stated objective. The ClearShares Ultra-Short Maturity ETF (the Fund) seeks current income. (from the fund's prospectus)
All 5 holdingsFlow historyOverlap toolAll Ultra-Short Bond ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$25M latest reported month
- Latest 3 months
- −$2.5M −2.1% of assets
- Latest 12 months
- −$33M −27.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$25M |
| Apr 2026 | +$23M |
| Mar 2026 | $0 |
| Feb 2026 | +$7.5M |
| Jan 2026 | −$7.5M |
| Dec 2025 | +$13M |
| Nov 2025 | −$10M |
| Oct 2025 | −$2.5M |
| Sep 2025 | +$5.0M |
| Aug 2025 | −$20M |
| Jul 2025 | −$2.5M |
| Jun 2025 | −$13M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 75 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| JPSTJPMorgan Ultra-Short Income ETF | — | 0.18% | $42.8B | −0.8% | compare |
| PULSPGIM Ultra Short Bond ETF | — | 0.15% | $19.7B | −0.4% | compare |
| MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund | — | 0.36% | $18.9B | +0.1% | compare |
| BOXXAlpha Architect 1-3 Month Box ETF | — | 0.19% | $12.7B | +4.0% | compare |
| ICSHiShares Ultra Short Duration Bond Active ETF | — | 0.08% | $9.0B | −0.6% | compare |
The largest other funds in the Ultra-Short Bond category.
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $73M · $105M over the fiscal year
- Redemptions in kind
- 0% creations 0% 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 2026-05-31
Holdings
5
AUM
$117.6M
Provider
Nport
Inception
2018-07-10
Exchange
ARCX
Data As Of
2026-05-31
Expense Ratio
0.20%
Dividend Yield
3.77%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-29 | 2026-09-30 | $0.3500 | CD |
| 2026-08-28 | 2026-08-31 | $0.2800 | CD |
| 2026-07-30 | 2026-07-31 | $0.3500 | CD |
| 2026-06-29 | 2026-06-30 | $0.2500 | CD |
| 2026-05-28 | 2026-05-29 | $0.3200 | CD |
| 2026-04-29 | 2026-04-30 | $0.3300 | CD |
Asset Allocation
Top Holdings
top 5 of 5 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | OPER REPO 06/04/26 3.88% | 42.53% | Repurchase agreement | US |
| — | OPER REPO 06/04/26 3.88% | 42.53% | Repurchase agreement | US |
| — | OPER REPO 06/01/26 3.68% | 6.44% | Repurchase agreement | US |
| — | OPER REPO 06/01/26 3.68% | 4.25% | Repurchase agreement | US |
| — | OPER REPO 06/01/26 3.68% | 4.25% | Repurchase agreement | US |
Non-Equity Breakdown
ClearShares Ultra-Short Maturity ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-29)
Net assets:
$118M
· 5 total positions
· equity 0.00%
· non-equity 100.02%
Non-equity holdings
— 5 positions,
100.02% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Repurchase agreement | 100.02% | $117.6M | 5 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.00% | 0.01% | 0.03% | 0.08% | 0.04% | 0.00% | 0.03% |
| Feb | -0.01% | -0.05% | -0.01% | -0.03% | -0.07% | 0.03% | -0.02% |
| Mar | -0.00% | 0.03% | -0.06% | -0.02% | 0.11% | 0.00% | 0.01% |
| Apr | 0.03% | 0.01% | -0.03% | 0.13% | -0.04% | -0.07% | 0.01% |
| May | -0.00% | -0.01% | 0.02% | -0.06% | 0.04% | -0.01% | -0.00% |
| Jun | 0.01% | 0.02% | 0.09% | 0.02% | 0.01% | 0.03% | 0.03% |
| Jul | 0.01% | 0.00% | -0.03% | -0.02% | -0.04% | -0.03% | -0.02% |
| Aug | 0.02% | 0.01% | -0.00% | 0.04% | -0.03% | -0.02% | 0.00% |
| Sep | 0.01% | 0.00% | -0.12% | -0.08% | -0.11% | 0.06% | -0.04% |
| Oct | -0.01% | -0.02% | 0.05% | -0.03% | 0.00% | 0.15%* | 0.02% |
| Nov | -0.01% | 0.02% | -0.04% | -0.03% | -0.02% | -- | -0.02% |
| Dec | -0.03% | -0.08% | -0.09% | -0.08% | 0.01% | -- | -0.05% |
| Total | 0.02% | -0.06% | -0.19% | -0.08% | -0.10% | 0.14% | -0.05% |
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: $100.19
SMA 50: $100.19
SMA 200: $100.18
Current: $100.24
EMA 12: $100.20
EMA 26: $100.19
MACD: 0.0047 | Signal: 0.0101
BEARISH
ADX (14): 14.76
RANGE
+DI: 30.99
−DI: 32.39
Momentum Oscillators
RSI (14): 56.75
NEUTRAL
Stoch %K: 96.28
Stoch %D: 88.95
Williams %R: 0.00
Volume & Volatility
BB Upper: $100.39
BB Lower: $99.99
NEUTRAL
OBV: 3,193,759
Vol SMA 20: 5,163
Vol ROC: -93.29%
ATR: $0.05
True Range: $0.02
HV 20: 1.3%
HV 30: 1.1%
HV 60: 1.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is a comprehensive stock analysis report for OPER:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 5)
Key Drivers: Neutral market sentiment, mixed technical signals, and no significant news headlines impacting the stock.
Primary Risks: Volatility risk due to the negative beta, and potential market downturns.
Investment Thesis: The stock's price is currently stuck in a neutral zone, lacking clear momentum. Short-term trading opportunities may arise from minor pullbacks or breakouts, but long-term investors should focus on sector performance and overall market trends.
Recent News Sentiment Impact: Neutral news sentiment has not significantly impacted the stock price, as most recent headlines were general market commentary or routine announcements.
Technical Analysis
Trend Direction: Short-term - NEUTRAL (1-4 weeks), Medium-term - NEUTRAL (1-3 months), Long-term - BEARISH (3-12 months)
Support/Resistance Levels: Key price levels from moving averages and technical patterns: * SMA 20: $100.18 * SMA 50: $100.19 * Upper Bollinger Band: $100.34
Momentum Signals: * RSI interpretation (neutral): 43.95 * MACD signal (bearish): -0.03 / Signal: -0.02 / Histogram: -0.02 * Bollinger Bands position (neutral): Price touching middle band
Volume Analysis: Volume trends and institutional interest signals: * Volume SMA 20: 9425.09 * On-Balance Volume (OBV): 3206717.06 * Volume Rate of Change: 180.78%
News & Sentiment Analysis
Recent Headlines Summary: Key themes from last 10 news articles: * Neutral market commentary and routine announcements
Sentiment Assessment: Aggregate news sentiment is NEUTRAL
Catalyst Identification: No significant upcoming events or product launches that could impact the stock price.
Market Narrative: The current neutral market sentiment aligns with the technical signals, indicating a lack of clear momentum for the stock.
Risk & Volatility Assessment
Beta Interpretation: Negative beta (-0.00) indicates that the stock moves opposite to the market.
Volatility Regime: Current volatility is low (Historical Volatility: HV20 1.0% / HV30 1.3% / HV60 1.1%).
Options Market Signals: No options data available
Downside Protection: Support levels and risk management considerations: * SMA 20: $100.18 * Lower Bollinger Band: $100.01
Market Context & Positioning
Sector Performance: The stock's sector (not specified) has been performing relatively well.
Institutional Activity: No significant institutional interest signals.
Correlation Analysis: The stock moves opposite to the market (negative beta).
Relative Valuation: The stock is trading within a neutral range, lacking clear value or growth prospects.
Key Levels & Action Items
Critical Price Levels: Support levels: * SMA 20: $100.18 * Lower Bollinger Band: $100.01
Breakout/Breakdown Levels: Technical levels that could trigger significant moves: * Upper Bollinger Band: $100.34 * SMA 50: $100.19
Time-Sensitive Catalysts: No specific catalysts or events that could impact the stock price.
Risk Management: Stop-loss levels and position sizing considerations: * Short-term: Stop-loss at SMA 20, consider reducing position size. * Long-term: Consider increasing position size if sector performance improves.
Please note that this analysis is based on the provided data, and actual market conditions may differ.
Generated
News
All OPER news →
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OPER Options Activity & IV Rank
Loading options activity...
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.
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
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / 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)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: -0.0012
Alpha: -0.02%
Correlation: -0.0137
R-Squared: 0.0%
Stock Volatility: 1.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
OPER 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 |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|