BenzingaT3·19mo ago
PFFA Virtus InfraCap U.S. Preferred Stock ETF
ETF 18.95 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.
PFFA
$18.95
—
Key stats
$18.95
Pre-market
$18.99
+0.22%
- 52-Week Range
- $18.92 – $22.06
- YTD
- -12.71%
- IV Rank (30D)
- 99.71
- Straddle Price
- $0.00
- Open
- $19.11
- Day Range
- $18.92 – $19.11
- Volume
- 983,309
- Prev Close
- $19.10
About
Virtus InfraCap U.S. Preferred Stock ETF (PFFA) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2018-05-15
- Has Options
- Yes
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 2.11% prospectus, filed Feb 27, 2026
- Assets
- $2.3B shares × price, Oct 21, 2026
- Trailing yield
- 10.90% paid monthly
- Average daily volume
- $20M 30 sessions
- Holdings
- 197 top 10 are 22.9%
- Listed
- May 15, 2018 NYSE Arca
- Last fee change
- -37 bp filed Feb 27, 2026
Cost1
Liquidity77
Scale87
Diversification100
Moves with. US large-cap stocks (28% of its variance, beta 0.31); Long Treasuries (6% of its variance, beta 0.18); Bitcoin (3% of its variance, beta 0.02). These factors explain 42% of its daily moves over the last year.
Stated objective. Virtus InfraCap U.S. Preferred Stock ETF (the Fund ) seeks current income and, secondarily, capital appreciation. (from the fund's prospectus)
All 197 holdingsFlow historySimilar fundsOverlap toolAll Preferred Stock ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$58M latest reported month
- Latest 3 months
- +$206M +8.4% of assets
- Latest 12 months
- +$882M +36.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$58M |
| Jun 2026 | +$96M |
| May 2026 | +$52M |
| Apr 2026 | +$97M |
| Mar 2026 | +$14M |
| Feb 2026 | +$89M |
| Jan 2026 | +$110M |
| Dec 2025 | +$116M |
| Nov 2025 | +$52M |
| Oct 2025 | +$47M |
| Sep 2025 | +$76M |
| Aug 2025 | +$75M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| VPFFVirtus InfraCap Preferred and Income Securities ETF | 55% | — | $1.2M | — | compare |
| PFFRInfraCap REIT Preferred ETF | 28% | 0.45% | $114M | −11.0% | compare |
| ICAPInfrastructure Capital Equity Income ETF | 11% | 2.47% | $109M | −1.2% | compare |
| SCAPInfrastructure Capital Small Cap Income ETF | 11% | 2.20% | $20M | +1.6% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Jul 31, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 2% net selling
- Reporting earnings
- 0.0% of weight in 7 days; 0.8% in 14
Holdings reporting in the next 14 days
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
Apr 30, 2026 → Jul 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | CTGGQWEST CORP | — | 1.86% | — |
| Increase | HPEPCHEWLETT PACKARD ENTERPRISE COMPANY | 0.28% | 1.99% | +323.4% |
| Exit | CTBBQWEST CORP | 1.71% | — | — |
| New position | QWEST CORP | — | 1.68% | — |
| Exit | QWEST CORP | 1.53% | — | — |
| New position | GOOGMALPHABET INC | — | 1.52% | — |
| New position | GOOGNALPHABET INC | — | 1.12% | — |
| Decrease | APOAPOLLO GLOBAL MANAGEMENT INC | 2.06% | 0.95% | −76.8% |
| New position | RWTSREDWOOD TRUST INC | — | 1.11% | — |
| Decrease | ALBPAALBEMARLE CORP | 2.07% | 1.07% | −22.7% |
11 new, 6 exited, 10 increased and 43 decreased between the fund's two latest holdings reports; turnover 15.2%. Full holdings and history
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 5 active of 16 with agreements; top 3 did 92%
- Created · redeemed
- $590M · $32M over the fiscal year
- Redemptions in kind
- 120% creations 119% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
- 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 2026-07-31
Holdings
197
AUM
$3.2B
Provider
Nport
Inception
2018-05-15
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
2.11%
Dividend Yield
10.90%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-20 | 2026-10-27 | $0.1725 | CD |
| 2026-09-21 | 2026-09-28 | $0.1725 | CD |
| 2026-08-20 | 2026-08-27 | $0.1725 | CD |
| 2026-07-20 | 2026-07-27 | $0.1725 | CD |
| 2026-06-22 | 2026-06-29 | $0.1725 | CD |
| 2026-05-20 | 2026-05-27 | $0.1725 | CD |
Asset Allocation
Top Holdings
top 50 of 197 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| STRC | STRATEGY INC | 2.63% | Equity (preferred) | US |
| FLGPA | FLAGSTAR BANK NA | 2.56% | Equity (preferred) | US |
| KKRPD | KKR & CO. INC | 2.54% | Equity (preferred) | US |
| — | TELEPHONE & DATA SYSTEMS INC | 2.38% | Equity (preferred) | US |
| ETPI | ENERGY TRANSFER LP | 2.34% | Equity (preferred) | US |
| BANCPF | BANC OF CALIFORNIA INC | 2.16% | Equity (preferred) | US |
| RLJPA | RLJ LODGING TRUST | 2.08% | Equity (preferred) | US |
| GNLPD | GLOBAL NET LEASE INC | 2.07% | Equity (preferred) | US |
| ORCLPD | ORACLE CORP | 2.05% | Equity (preferred) | US |
| TWOPC | TWO HARBORS INVESTMENTS CORP | 2.04% | Equity (preferred) | US |
| BWPA | BABCOCK & WILCOX ENTERPRISES INC | 2.04% | Equity (preferred) | US |
| HPEPC | HEWLETT PACKARD ENTERPRISE COMPANY | 1.99% | Equity (preferred) | US |
| MBINL | MERCHANTS BANCORP (INDIANA) | 1.98% | Equity (preferred) | US |
| FCNCN | FIRST CITIZENS BANCSHARES INC | 1.98% | Equity (preferred) | US |
| CTGG | QWEST CORP | 1.86% | Equity (preferred) | US |
| XELLL | XCEL ENERGY INC | 1.84% | Equity (preferred) | US |
| — | DIVERSIFIED HEALTHCARE TRUST | 1.81% | Equity (preferred) | US |
| — | ADAMAS TRUST INC | 1.81% | Equity (preferred) | US |
| — | QWEST CORP | 1.68% | Equity (preferred) | US |
| — | STRATEGY INC | 1.66% | Equity (preferred) | US |
| — | TRITON INTERNATIONAL LTD | 1.64% | Equity (preferred) | BM |
| — | DIVERSIFIED HEALTHCARE TRUST | 1.63% | Equity (preferred) | US |
| — | MFA FINANCIAL INC | 1.59% | Equity (preferred) | US |
| — | TRITON INTERNATIONAL LTD | 1.57% | Equity (preferred) | BM |
| — | TWO HARBORS INVESTMENTS CORP | 1.53% | Equity (preferred) | US |
| GOOGM | ALPHABET INC | 1.52% | Equity (preferred) | US |
| DTK | DTE ENERGY COMPANY | 1.40% | Equity (preferred) | US |
| — | COMPASS DIVERSIFIED HOLDINGS | 1.32% | Equity (preferred) | US |
| PMTPB | PENNYMAC MTGE INVESTMENT | 1.31% | Equity (preferred) | US |
| SLMBP | SLM CORP (SALLIE MAE) | 1.29% | Equity (preferred) | US |
| ATLCZ | ATLANTICUS HOLDINGS CORP | 1.28% | Equity (preferred) | US |
| — | VALLEY NATIONAL BANCORP | 1.28% | Equity (preferred) | US |
| — | CHIMERA INVESTMENT CORP | 1.27% | Equity (preferred) | US |
| — | CHIMERA INVESTMENT CORP | 1.24% | Equity (preferred) | US |
| BAPA | BOEING COMPANY (THE) | 1.22% | Equity (preferred) | US |
| CRBD | COREBRIDGE FINANCIAL INC | 1.18% | Equity (preferred) | US |
| ADAMM | ADAMAS TRUST INC | 1.18% | Equity (preferred) | US |
| CODIPC | COMPASS DIVERSIFIED HOLDINGS | 1.14% | Equity (preferred) | US |
| GOOGN | ALPHABET INC | 1.12% | Equity (preferred) | US |
| RWTS | REDWOOD TRUST INC | 1.11% | Equity (preferred) | US |
| — | SAUL CENTERS INC | 1.08% | Equity (preferred) | US |
| ALBPA | ALBEMARLE CORP | 1.07% | Equity (preferred) | US |
| — | COMPASS DIVERSIFIED HOLDINGS | 1.04% | Equity (preferred) | US |
| ARESPB | ARES MANAGEMENT CORP | 1.04% | Equity (preferred) | US |
| PSECPA | PROSPECT CAPITAL CORP | 1.02% | Equity (preferred) | US |
| GNLPA | GLOBAL NET LEASE INC | 1.01% | Equity (preferred) | US |
| VNOPM | VORNADO REALTY TRUST | 1.01% | Equity (preferred) | US |
| — | INVESCO MORTGAGE CAPITAL | 1.00% | Equity (preferred) | US |
| — | CHIMERA INVESTMENT CORP | 0.98% | Equity (preferred) | US |
| APO | APOLLO GLOBAL MANAGEMENT INC | 0.95% | Equity (common) | US |
Geographic Breakdown
Non-Equity Breakdown
Virtus InfraCap U.S. Preferred Stock ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-29)
Net assets:
$2.45B
· 197 total positions
· equity 126.63%
· non-equity 1.74%
Non-equity holdings
— 8 positions,
1.74% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 1.62% | $39.7M | 5 |
| Short-term investment | 0.12% | $2.9M | 2 |
| Derivative (equity) | 0.00% | $0 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.27% | -2.75% | 14.73% | 0.87% | 0.23% | 0.41% | 2.29% |
| Feb | 1.63% | -3.35% | -3.37% | -0.38% | 0.68% | -1.33% | -1.02% |
| Mar | 7.53% | 1.86% | -6.30% | -0.05% | -3.72% | -4.99% | -0.94% |
| Apr | -0.12% | -3.91% | -1.34% | -2.33% | -2.60% | 4.37% | -0.99% |
| May | 0.25% | 0.44% | -2.89% | 2.82% | -1.35% | -0.97% | -0.28% |
| Jun | 2.28% | -8.64% | 4.80% | -1.08% | 1.86% | -4.19% | -0.83% |
| Jul | -0.16% | 6.08% | 1.43% | 1.66% | 2.44% | -0.89% | 1.76% |
| Aug | 0.00% | -3.24% | 0.60% | 2.47% | 1.50% | 1.06% | 0.40% |
| Sep | -1.62% | -11.32% | -2.72% | 4.49% | 0.05% | -5.41% | -2.76% |
| Oct | 0.72% | -3.52% | -3.88% | -1.83% | -2.73% | -4.29%* | -2.59% |
| Nov | -3.22% | 4.85% | 3.85% | 0.49% | 0.70% | -- | 1.33% |
| Dec | 3.02% | -8.06% | 4.81% | -3.40% | 0.61% | -- | -0.60% |
| Total | 10.69% | -28.53% | 8.32% | 3.49% | -2.51% | -15.48% | -4.00% |
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: $19.53
SMA 50: $20.32
SMA 200: $21.03
Current: $18.95
EMA 12: $19.34
EMA 26: $19.69
MACD: -0.3514 | Signal: -0.0225
BEARISH
ADX (14): 42.45
STRONG TREND
+DI: 11.41
−DI: 38.38
Momentum Oscillators
RSI (14): 21.04
OVERSOLD
Stoch %K: 7.32
Stoch %D: 12.10
Williams %R: -97.24
Volume & Volatility
BB Upper: $20.13
BB Lower: $18.94
NEUTRAL
OBV: -14,107,877
Vol SMA 20: 1,059,915
Vol ROC: -16.22%
ATR: $0.20
True Range: $0.19
HV 20: 9.3%
HV 30: 8.9%
HV 60: 8.8%
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 PFFA based on the provided data:
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers: Technical indicators, options metrics, and low volatility
Primary risks: No recent news available, potential market changes affecting sentiment
Investment thesis: PFFA is trading within a neutral zone, but technical signals indicate a slight bullish bias. Options activity suggests a moderate expectation for future price movement.
Recent news sentiment impact: Lack of recent news headlines means no significant influence on stock price.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Neutral
- Medium-term (1-3 months): Slightly Bullish
- Long-term (3-12 months): Neutral
Support/Resistance Levels:
- SMA 20: $21.81
- SMA 50: $21.78
- Upper Bollinger Band: $22.03
- Middle Bollinger Band: $21.81
- Lower Bollinger Band: $21.59
Momentum Signals:
- RSI (14): 47.59 (neutral)
- MACD: 0.04 / Signal: 0.01 / Histogram: 0.03 (bullish)
Volume Analysis:
- Volume SMA 20: 970680.10
- On-Balance Volume (OBV): 14607394.00
- Volume Rate of Change: -79.26% (low volume, potentially bearish sentiment)
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral (no significant news headlines)
Catalyst Identification: None
Market Narrative: PFFA's price movement is driven by technical indicators and options metrics, with no recent news influencing the stock.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta = 0.34 vs SPY)
Volatility Regime: Low volatility - stock moves less than market
Options Market Signals:
- IV Rank: Medium (59.0%)
- Current IV: 28.8%
- Expected Move: $0.55 (28 DTE), 7-DTE: $0.20
- Volume Flow: 31 calls vs 2,380 puts
- Open Interest: 707 calls vs 898 puts
- Put/Call Volume Ratio: 76.77 (Bearish sentiment)
- Put/Call OI Ratio: 1.27
Downside Protection:
- Support levels: SMA 20 ($21.81), SMA 50 ($21.78), Lower Bollinger Band ($21.59)
Market Context & Positioning
Sector Performance: No recent news available, no sector-specific data
Institutional Activity: Low volume and mixed institutional interest signals
Correlation Analysis: PFFA moves less than market (R-squared = 0.65)
Relative Valuation: PFFA is trading within a neutral zone, with no significant deviation from the mean.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($21.81)
- SMA 50 ($21.78)
- Upper Bollinger Band ($22.03)
- Middle Bollinger Band ($21.81)
- Lower Bollinger Band ($21.59)
Breakout/Breakdown Levels: None
Time-Sensitive Catalysts: No earnings data available, no upcoming events
Risk Management:
- Stop-loss levels: SMA 20 ($21.81) and SMA 50 ($21.78) as potential support
- Position sizing considerations: Given low volatility and options market signals, consider a moderate position size.
Please note that this analysis is based on the provided data, and actual results may vary.
Generated
News
All PFFA news →
The Motley FoolT3·23mo ago
BenzingaT3·24mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·28mo ago
Seeking AlphaT3·29mo ago
Seeking AlphaT3·29mo ago
Seeking AlphaT3·30mo ago
Seeking AlphaT3·30mo ago
Showing 1–10 of 50
Page 1 of 5
PFFA Options Activity & IV Rank
PFFA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 25.2%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 15
P/C Volume: —
Call OI: 0
Put OI: 272
P/C OI: —
Total OI: 272
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 877
Chain OI: 3,612
Last Updated: 10/21/2026
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 9th 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
9%
vs own history
GEX tilt
-0.46
OI-weighted, today
Vanna tilt
+1.00
δ-sensitivity to IV
Charm tilt
-0.60
δ-decay vs time
Vanna tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.60: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 1k 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
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 103.1% / 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)99.7HighOct 21
Straddle Price (30 DTE)$0.00Oct 21
Beta Analysis
Risk Metrics
Beta: 0.4157
Alpha: -18.79%
Correlation: 0.6006
R-Squared: 36.1%
Stock Volatility: 8.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
PFFA 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.
1 filers$1.03M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.03M | 100.00% | 2026-06-30 |
1 filers$697.32K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $697.32K | 100.00% | 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
583.25K
SI % of Float
0.49%
Days to Cover
1.00
Short Vol Ratio
39.7%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|