Zacks Investment ResearchT3·9d ago
PAVE Global X U.S. Infrastructure Development ETF
ETF 52.07 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.
PAVE
$52.07
—
Key stats
$52.07
- 52-Week Range
- $45.44 – $60.43
- YTD
- +6.59%
- IV Rank (30D)
- 33.36
- Straddle Price
- $3.17
- P/C Vol Ratio
- 5.05
- Open
- $52.47
- Day Range
- $51.31 – $52.51
- Volume
- 2,144,829
- Prev Close
- $53.14
About
Global X U.S. Infrastructure Development ETF (PAVE) ETF
No description available.
- Exchange
- BATS
- Inception
- 2017-03-06
- Has Options
- Yes
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.47% prospectus, filed Mar 27, 2026
- Assets
- $13.7B shares × price, Oct 21, 2026
- Trailing yield
- 0.81% paid semi-annual
- Average daily volume
- $79M 30 sessions
- Holdings
- 101 top 10 are 33.1%
- Listed
- Mar 6, 2017 Cboe BZX
- Tracking difference
- -0.51 pts vs index, after fees, FY 2025
Cost67
Liquidity96
Scale100
Diversification76
Moves with. US large-cap stocks (56% of its variance, beta 1.29); Small caps over large (17% of its variance, beta 0.61); Emerging markets over US (8% of its variance, beta 0.21). These factors explain 69% of its daily moves over the last year.
Stated objective. "The Global X U.S. Infrastructure Development ETF (""Fund"") seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index (""Underlying Index"")." (from the fund's prospectus)
All 101 holdingsFlow historySimilar fundsOverlap toolAll Infrastructure ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$176M latest reported month
- Latest 3 months
- +$821M +6.1% of assets
- Latest 12 months
- +$2.3B +16.8% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$176M |
| Apr 2026 | +$338M |
| Mar 2026 | +$307M |
| Feb 2026 | +$289M |
| Jan 2026 | +$1.1B |
| Dec 2025 | −$191M |
| Nov 2025 | −$2.5M |
| Oct 2025 | +$32M |
| Sep 2025 | +$15M |
| Aug 2025 | +$20M |
| Jul 2025 | +$41M |
| Jun 2025 | +$150M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| IFRAiShares U.S. Infrastructure ETF | 37% | 0.30% | $4.0B | +6.2% | compare |
| FIDUFidelity MSCI Industrials Index ETF | 27% | 0.08% | $2.2B | +8.5% | compare |
| VISVanguard Industrials ETF | 27% | 0.09% | $8.1B | +8.4% | compare |
| XLIState Street Industrial Select Sector SPDR ETF | 27% | 0.08% | $30.3B | +9.6% | compare |
| TRUIVanEck Industrials TruSector ETF | 26% | 0.10% | $265K | — | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 21, 2026issuer data- Holdings vs fair value
- +3.4% 33% under, 33% over · 99% covered
- Price / earnings
- 32.0 5% loss-making · 99% covered
- Price / book · sales
- 3.8 · 2.1 revenue growth +10.1%
- Above 200-day average
- 54% 47% above 50-day · by weight
- Short interest
- 3.6% of float, weighted · 4.0 days to cover
- Insider buying
- 6% of weight had net insider buying, 90 days; 47% net selling
- 13F holders
- +1.7% change in shares held by institutions, latest quarter
- Reporting earnings
- 46.0% of weight in 7 days; 72.3% in 14
Holdings reporting in the next 14 days · weighted implied move this week 4.38%
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 |
|---|---|---|---|---|
| Exit | ATKRATKORE INC | 0.42% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.9%. Full holdings and history
Under the hood
fiscal year to Nov 30, 2025SEC census- Authorized participants
- 10 active of 22 with agreements; top 3 did 79%
- Created · redeemed
- $2.0B · $2.3B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 0.04% of assets on loan on average; earned 0.3 bp
- Return vs index
- -0.51 pts after fees; -0.01 before; daily s.d. 0.17
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 2026-10-21
Holdings
101
AUM
$13.7B
Provider
Global X
Inception
2017-03-06
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.47%
Dividend Yield
0.81%
Distribution
Semi-Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-29 | 2026-07-02 | $0.1027 | CD |
| 2025-12-30 | 2026-01-07 | $0.3284 | CD |
| 2025-06-27 | 2025-07-07 | $0.1103 | CD |
| 2024-12-30 | 2025-01-07 | $0.1394 | CD |
| 2024-06-27 | 2024-07-05 | $0.0801 | CD |
| 2023-12-28 | 2024-01-08 | $0.1560 | CD |
Asset Allocation
Top Holdings
top 50 of 101 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| FAST | FASTENAL CO | 3.71% | Equity (US) | US |
| EMR | EMERSON ELECTRIC CO | 3.67% | Equity (US) | US |
| NUE | NUCOR CORP | 3.58% | Equity (US) | US |
| DE | DEERE & CO | 3.40% | Equity (US) | US |
| TT | TRANE TECHNOLOGIES PLC | 3.21% | Equity (US) | — |
| PH | PARKER HANNIFIN CORP | 3.17% | Equity (US) | US |
| ROK | ROCKWELL AUTOMATION INC | 3.10% | Equity (US) | US |
| ETN | EATON CORP PLC | 3.10% | Equity (US) | — |
| UNP | UNION PACIFIC CORP | 3.08% | Equity (US) | US |
| NSC | NORFOLK SOUTHERN CORP | 3.07% | Equity (US) | US |
| URI | UNITED RENTALS INC | 3.06% | Equity (US) | US |
| PWR | QUANTA SERVICES INC | 3.00% | Equity (US) | US |
| CSX | CSX CORP | 2.99% | Equity (US) | US |
| SRE | SEMPRA | 2.91% | Equity (US) | US |
| CRH | CRH PLC | 2.86% | Equity (US) | — |
| HWM | HOWMET AEROSPACE INC | 2.37% | Equity (US) | US |
| STLD | STEEL DYNAMICS INC | 2.18% | Equity (US) | US |
| VMC | VULCAN MATERIALS CO | 2.10% | Equity (US) | US |
| EME | EMCOR GROUP INC | 1.90% | Equity (US) | US |
| MLM | MARTIN MARIETTA MATERIALS | 1.86% | Equity (US) | US |
| ATI | ATI INC | 1.50% | Equity (US) | US |
| HUBB | HUBBELL INC | 1.49% | Equity (US) | US |
| RS | RELIANCE INC | 1.31% | Equity (US) | US |
| AMRZ | AMRIZE LTD | 1.31% | Equity (US) | — |
| WWD | WOODWARD INC | 1.18% | Equity (US) | US |
| CRS | CARPENTER TECHNOLOGY | 1.12% | Equity (US) | US |
| FTV | FORTIVE CORP | 1.09% | Equity (US) | US |
| IEX | IDEX CORP | 1.06% | Equity (US) | US |
| WCC | WESCO INTERNATIONAL INC | 1.04% | Equity (US) | US |
| J | JACOBS SOLUTIONS INC | 1.03% | Equity (US) | US |
| RBC | RBC BEARINGS INC | 0.97% | Equity (US) | US |
| TRMB | TRIMBLE INC | 0.89% | Equity (US) | US |
| LECO | LINCOLN ELECTRIC HOLDINGS | 0.88% | Equity (US) | US |
| MTZ | MASTEC INC | 0.87% | Equity (US) | US |
| CSL | CARLISLE COS INC | 0.84% | Equity (US) | US |
| GGG | GRACO INC | 0.81% | Equity (US) | US |
| RPM | RPM INTERNATIONAL INC | 0.78% | Equity (US) | US |
| MLI | MUELLER INDUSTRIES INC | 0.78% | Equity (US) | US |
| STRL | STERLING INFRASTRUCTURE INC | 0.77% | Equity (US) | US |
| CR | CRANE CO | 0.72% | Equity (US) | US |
| AA | ALCOA CORP | 0.66% | Equity (US) | US |
| RRX | REGAL REXNORD CORP | 0.65% | Equity (US) | US |
| WMS | ADVANCED DRAINAGE SYSTEMS IN | 0.61% | Equity (US) | US |
| AYI | ACUITY INC | 0.58% | Equity (US) | US |
| TTEK | TETRA TECH INC | 0.56% | Equity (US) | US |
| FPS | FORGENT POWER SOLUTIONS-CL A | 0.53% | Equity (US) | US |
| VMI | VALMONT INDUSTRIES | 0.53% | Equity (US) | US |
| PNR | PENTAIR PLC | 0.52% | Equity (US) | — |
| SPXC | SPX TECHNOLOGIES INC | 0.51% | Equity (US) | US |
| ZWS | ZURN ELKAY WATER SOLUTIONS CORPORATION | 0.49% | Equity (US) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.53% | -7.68% | 9.21% | 0.62% | 5.07% | 3.89% | 1.76% |
| Feb | 7.52% | 0.64% | -0.58% | 7.16% | -3.50% | 7.10% | 3.06% |
| Mar | 6.23% | 7.61% | -3.44% | 4.87% | -3.55% | -8.24% | 0.58% |
| Apr | 2.34% | -7.04% | -2.51% | -5.11% | 1.03% | 9.87% | -0.24% |
| May | 1.49% | -1.67% | -1.73% | 3.48% | 6.90% | -0.67% | 1.30% |
| Jun | -4.10% | -11.68% | 13.84% | -2.60% | 4.89% | 5.25% | 0.93% |
| Jul | 2.12% | 14.70% | 2.96% | 9.81% | 3.79% | -2.43% | 5.16% |
| Aug | 3.81% | -2.59% | -0.83% | 1.57% | 3.33% | -4.94% | 0.06% |
| Sep | -6.41% | -9.25% | -6.84% | 8.49% | 3.27% | -2.63% | -2.23% |
| Oct | 7.01% | 8.37% | -3.81% | 0.39% | 1.37% | -1.83%* | 1.92% |
| Nov | -2.19% | 7.34% | 7.99% | 10.75% | 0.87% | -- | 4.95% |
| Dec | 7.23% | -5.33% | 7.42% | -11.34% | -0.35% | -- | -0.47% |
| Total | 26.01% | -9.87% | 21.36% | 28.99% | 25.02% | 3.97% | 15.91% |
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: $53.19
SMA 50: $54.24
SMA 200: $54.67
Current: $52.07
EMA 12: $52.94
EMA 26: $53.35
MACD: -0.4082 | Signal: -0.0210
BEARISH
ADX (14): 28.00
TREND
+DI: 14.93
−DI: 35.76
Momentum Oscillators
RSI (14): 37.59
NEUTRAL
Stoch %K: 29.13
Stoch %D: 29.27
Williams %R: -78.95
Volume & Volatility
BB Upper: $54.32
BB Lower: $52.05
NEUTRAL
OBV: 8,889,548
Vol SMA 20: 1,574,746
Vol ROC: 45.81%
ATR: $0.96
True Range: $1.83
HV 20: 16.3%
HV 30: 15.4%
HV 60: 16.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary Overall Assessment: NEUTRAL with confidence level (6/10)
Key Drivers:
- Bullish momentum from MACD signal
- Strong volume patterns indicating institutional interest
- Positive news sentiment from recent headlines
Primary Risks:
- High volatility regime
- Beta above average, amplifying market movements
- Recent price action near upper Bollinger Band resistance
Investment Thesis: PAVE presents a neutral-to-bullish setup due to its strong technical momentum and positive news sentiment. However, the stock's high volatility regime and beta above average pose significant risks.
Recent News Sentiment Impact: The recent news headlines have been predominantly positive, with articles highlighting the importance of AI infrastructure plays like PAVE. This sentiment has contributed to the stock's bullish price action.
Technical Analysis Trend Direction:
- Short-term: Bullish (1-4 weeks)
- Medium-term: Neutral-to-bullish (1-3 months)
- Long-term: Neutral (3-12 months)
Support/Resistance Levels:
- SMA 20: $57.01
- Upper Bollinger Band: $59.02
Momentum Signals:
- RSI interpretation: Neutral (58.78)
- MACD signal: Bullish (0.32 / Signal: 0.26 / Histogram: 0.06)
- Bollinger Bands position: Neutral (Price near upper band)
Volume Analysis:
- Volume SMA 20: 2232549.45
- On-Balance Volume (OBV): 29287316.38
- Volume Rate of Change: -24.72% (indicating decreasing volume)
News & Sentiment Analysis Recent Headlines Summary: The recent news headlines have been positive, highlighting the importance of AI infrastructure plays like PAVE.
Sentiment Assessment: Aggressive buy signals from MACD and strong volume patterns indicate a positive sentiment.
Catalyst Identification: No upcoming events or catalysts identified.
Market Narrative: The positive news sentiment has aligned with the technical momentum, driving the stock price higher.
Risk & Volatility Assessment Beta Interpretation: PAVE's beta above average indicates high risk relative to the market.
Volatility Regime: High volatility regime (above average) amplifying market movements.
Options Market Signals: IV Rank: 11.7% (Low - shows if volatility is historically high/low) Current IV: 34.0% Put/Call Volume Ratio: 0.60 (Bullish sentiment)
Downside Protection: Support levels to monitor: SMA 20 ($57.01) and lower Bollinger Band ($55.00).
Market Context & Positioning Sector Performance: Infrastructure ETFs have performed well, indicating a strong sector.
Institutional Activity: Strong volume patterns suggest institutional interest.
Correlation Analysis: PAVE has a high correlation with the market (R-squared interpretation: 0.71).
Relative Valuation: Position within trading range, with recent price action near upper Bollinger Band resistance.
Key Levels & Action Items Critical Price Levels:
- SMA 20 ($57.01)
- Upper Bollinger Band ($59.02)
Breakout/Breakdown Levels:
- Break above $59.02 for a potential upside target
- Break below $55.00 for a potential downside target
Time-Sensitive Catalysts: No upcoming events or catalysts identified.
Risk Management: Monitor SMA 20 and upper Bollinger Band resistance as key levels to manage risk.
Conclusion PAVE presents a neutral-to-bullish setup due to its strong technical momentum, positive news sentiment, and high institutional interest. However, the stock's high volatility regime and beta above average pose significant risks. A comprehensive analysis framework has been applied, incorporating both bullish and bearish cases.
Generated
News
All PAVE news →
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Showing 1–10 of 50
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PAVE Options Activity & IV Rank
PAVE IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 27.0%
7-DTE IV: —
Expected Move: $3.17
7-DTE Move: $3.17
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 60
Put Volume: 303
P/C Volume: 5.05
BEARISH
Call OI: 751
Put OI: 411
P/C OI: 0.547
Total OI: 1,162
ATM Options Pricing
ATM Call: $1.68
ATM Put: $1.50
Call %: 3.2%
Put %: 2.9%
Chain Summary
Chain Volume: 1,647
Chain OI: 5,824
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
LOW γ vs HISTORY
Estimated net dealer gamma is at the 15th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
15%
vs own history
GEX tilt
+0.47
OI-weighted, today
Vanna tilt
+0.02
δ-sensitivity to IV
Charm tilt
-0.35
δ-decay vs time
Charm tilt -0.35: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 36 ATM contracts, 4k 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
85%
+18.3
pts
EXTREME
ATM 27.1% / Wing 45.4%
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)33.4MediumOct 22
Straddle Price (30 DTE)$3.17Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1073
Alpha: -3.89%
Correlation: 0.6928
R-Squared: 48.0%
Stock Volatility: 20.4%
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
PAVE 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.
4 filers$6.02M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $4.13M | 68.59% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.15M | 19.18% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $730.61K | 12.13% | 2026-06-30 |
| 4 | Entelevest, LLC | $5.89K | 0.10% | 2026-06-30 |
2 filers$2.59M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.84M | 71.14% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $748.28K | 28.86% | 2026-06-30 |
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
2.51M
SI % of Float
0.98%
Days to Cover
1.69
Short Vol Ratio
67.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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