BenzingaT3·8mo ago
PGJ Invesco Golden Dragon China ETF
ETF 22.18 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.
PGJ
$22.18
—
Key stats
$22.18
- 52-Week Range
- $21.25 – $32.97
- YTD
- -26.24%
- IV Rank (30D)
- 36.17
- Straddle Price
- $1.90
- P/C Vol Ratio
- 2.00
- Open
- $22.04
- Day Range
- $22.04 – $22.27
- Volume
- 24,665
- Prev Close
- $21.58
About
Invesco Golden Dragon China ETF (PGJ) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2004-12-09
- Has Options
- Yes
- Homepage
- https://www.invesco.com/us/etfs
Fund profile
holdings as of Oct 8, 2026issuer datathrough Jul 2026flows, SEC filings
International Equity
Single Country#102 of 163 by assets
Invesco
China
Emerging Markets
Index-tracking
- Expense ratio
- 0.70% prospectus, filed Aug 27, 2025
- Assets
- $85M shares × price, Oct 9, 2026
- Trailing yield
- 1.94% paid quarterly
- Average daily volume
- $453K 30 sessions
- Holdings
- 68 top 10 are 12.6%
- Listed
- Dec 9, 2004 Nasdaq
- Last fee change
- +3 bp filed Aug 27, 2025
- Tracking difference
- +0.32 pts vs index, after fees, FY 2026
Cost21
Liquidity22
Scale34
Diversification0
Moves with. US large-cap stocks (25% of its variance, beta 0.88); Emerging markets over US (8% of its variance, beta 0.31). These factors explain 35% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Invesco Golden Dragon China ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Nasdaq Golden Dragon China Index TM (the Underlying Index). (from the fund's prospectus)
All 68 holdingsFlow historyOverlap toolAll Single Country ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$1.5M latest reported month
- Latest 3 months
- −$11M −11.1% of assets
- Latest 12 months
- −$26M −26.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$1.5M |
| Jun 2026 | −$2.3M |
| May 2026 | −$7.1M |
| Apr 2026 | $0 |
| Mar 2026 | −$2.7M |
| Feb 2026 | −$6.8M |
| Jan 2026 | +$953K |
| Dec 2025 | −$3.9M |
| Nov 2025 | −$5.4M |
| Oct 2025 | −$1.3M |
| Sep 2025 | +$4.4M |
| Aug 2025 | $0 |
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 | |
|---|---|---|---|---|---|
| EMXCiShares MSCI Emerging Markets ex China ETF | — | 0.25% | $25.8B | +42.6% | compare |
| EWYiShares MSCI South Korea ETF | — | 0.59% | $25.2B | +110.5% | compare |
| EWJiShares MSCI Japan ETF | — | 0.49% | $23.7B | +19.7% | compare |
| BBJPJPMorgan BetaBuilders Japan ETF | — | 0.19% | $19.7B | +16.8% | compare |
| EWZiShares MSCI Brazil ETF | — | 0.59% | $12.6B | +45.8% | compare |
The largest other funds in the Single Country category.
Look-through: what the holdings say
weights as of Oct 8, 2026issuer data- Holdings vs fair value
- +47.3% 94% under, 0% over · 69% covered
- Price / earnings
- 14.5 0% loss-making · 64% covered
- Price / book · sales
- 2.6 · 1.1 revenue growth +16.4%
- Above 200-day average
- 0% 0% above 50-day · by weight
- Short interest
- 5.2% of float, weighted · 4.6 days to cover
- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- −2.3% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% 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.
What changed in the portfolio
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | TMETencent Music Entertainment Group | 3.65% | 2.63% | +14.9% |
| Decrease | YUMCYum China Holdings, Inc. | 8.24% | 7.39% | −20.3% |
| Increase | CHAChagee Holdings Ltd. | 0.11% | 0.59% | +400.4% |
| Decrease | BEKEKE Holdings Inc. | 3.45% | 3.05% | −15.9% |
| Exit | SOSSOS Ltd. | 0.36% | — | — |
| Decrease | HTHTH World Group Ltd. | 3.59% | 3.94% | −12.0% |
| Exit | BGMBGM Group Ltd. | 0.35% | — | — |
| Increase | BZKanzhun Ltd. | 3.36% | 3.12% | +10.8% |
| Exit | CANGCango Inc. | 0.19% | — | — |
| New position | ADAGAdagene Inc. | — | 0.15% | — |
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 7 active of 40 with agreements; top 3 did 64%
- Created · redeemed
- $8.0M · $36M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 17.70% of assets on loan on average; earned 110.0 bp
- Return vs index
- +0.32 pts after fees; +1.04 before; daily s.d. 0.24
- 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 2026-10-08
Holdings
69
AUM
$81.8M
Provider
Invesco
Inception
2004-12-09
Exchange
XNAS
Data As Of
2026-10-08
Expense Ratio
0.70%
Dividend Yield
1.94%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-25 | $0.1480 | CD |
| 2026-06-22 | 2026-06-26 | $0.0685 | CD |
| 2026-03-23 | 2026-03-27 | $0.0107 | CD |
| 2025-12-22 | 2025-12-26 | $0.2031 | CD |
| 2025-09-22 | 2025-09-26 | $0.4835 | CD |
| 2025-06-23 | 2025-06-27 | $0.2146 | CD |
Asset Allocation
Top Holdings
top 50 of 69 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| JD | JD.com Inc | 8.25% | Cash/Money Market | — |
| YUMC | Yum China Holdings Inc | 8.11% | Equity (US) | — |
| BABA | Alibaba Group Holding Ltd | 8.03% | Cash/Money Market | US |
| NTES | NetEase Inc | 6.85% | Cash/Money Market | — |
| BIDU | Baidu Inc | 5.91% | Cash/Money Market | US |
| EDU | New Oriental Education & Technology Group Inc | 4.31% | Cash/Money Market | — |
| YMM | Full Truck Alliance Co Ltd | 4.11% | Cash/Money Market | — |
| VIPS | Vipshop Holdings Ltd | 3.95% | Cash/Money Market | — |
| BZ | Kanzhun Ltd | 3.92% | Cash/Money Market | — |
| HTHT | H World Group Ltd | 3.90% | Cash/Money Market | — |
| TAL | TAL Education Group | 3.49% | Cash/Money Market | — |
| NIO | NIO Inc | 3.38% | Cash/Money Market | — |
| MAAS | Maase Inc | 3.26% | Equity (US) | — |
| TME | Tencent Music Entertainment Group | 3.23% | Cash/Money Market | — |
| BEKE | KE Holdings Inc | 2.83% | Cash/Money Market | — |
| ZTO | ZTO Express Cayman Inc | 2.39% | Cash/Money Market | — |
| GDS | GDS Holdings Ltd | 2.33% | Cash/Money Market | — |
| ATAT | Atour Lifestyle Holdings Ltd | 2.23% | Cash/Money Market | — |
| LI | Li Auto Inc | 1.70% | Cash/Money Market | — |
| XPEV | XPeng Inc | 1.64% | Cash/Money Market | — |
| BILI | Bilibili Inc | 1.32% | Cash/Money Market | — |
| ATHM | Autohome Inc | 1.04% | Cash/Money Market | — |
| RLX | RLX Technology Inc | 0.92% | Cash/Money Market | — |
| ZLAB | Zai Lab Ltd | 0.84% | Cash/Money Market | — |
| WRD | WeRide Inc | 0.80% | Cash/Money Market | US |
| CHA | Chagee Holdings Ltd | 0.77% | Cash/Money Market | — |
| VNET | Vnet Group Inc | 0.63% | Cash/Money Market | — |
| MOMO | Hello Group Inc | 0.61% | Cash/Money Market | — |
| DQ | Daqo New Energy Corp | 0.60% | Cash/Money Market | — |
| CSIQ | Canadian Solar Inc | 0.57% | Equity (US) | — |
| QFIN | Qfin Holdings Inc | 0.47% | Cash/Money Market | — |
| DAO | Youdao Inc | 0.47% | Cash/Money Market | CN |
| FINV | FinVolution Group | 0.46% | Cash/Money Market | CN |
| TIGR | Up Fintech Holding Ltd | 0.44% | Cash/Money Market | — |
| RERE | ATRenew Inc | 0.42% | Cash/Money Market | CN |
| IQ | iQIYI Inc | 0.40% | Cash/Money Market | — |
| WB | Weibo Corp | 0.39% | Cash/Money Market | — |
| MTC | MMTEC Inc | 0.36% | Equity (US) | — |
| HTT | High Templar Tech Limited | 0.34% | Cash/Money Market | CN |
| TUYA | Tuya Inc | 0.31% | Cash/Money Market | — |
| GOTU | Gaotu Techedu Inc | 0.31% | Cash/Money Market | CN |
| SOHU | Sohu.com Ltd | 0.25% | Cash/Money Market | CN |
| JKS | JinkoSolar Holding Co Ltd | 0.25% | Cash/Money Market | — |
| NOAH | Noah Holdings Ltd | 0.24% | Cash/Money Market | CN |
| DDL | DingDong Cayman Ltd | 0.22% | Cash/Money Market | — |
| JDZG | Jiade Ltd | 0.22% | Equity (US) | — |
| LU | Lufax Holding Ltd | 0.20% | Cash/Money Market | — |
| MNSO | MINISO Group Holding Ltd | 0.20% | Cash/Money Market | — |
| XNET | Xunlei Ltd | 0.20% | Cash/Money Market | CN |
| ADAG | Adagene Inc | 0.18% | Cash/Money Market | — |
Geographic Breakdown
Non-Equity Breakdown
Invesco Golden Dragon China ETF ·
NPORT-P period 2026-04-30
(filed 2026-06-26)
Net assets:
$115M
· 74 total positions
· equity 99.72%
· non-equity 29.29%
Non-equity holdings
— 3 positions,
29.29% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 29.29% | $33.6M | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 9.87% | -4.97% | 13.70% | -11.14% | 6.18% | -1.53% | 2.02% |
| Feb | 3.75% | -6.04% | -14.72% | 10.82% | 9.40% | -5.27% | -0.34% |
| Mar | -19.11% | -12.76% | 0.44% | -3.15% | 2.88% | -6.07% | -6.29% |
| Apr | -2.64% | -9.05% | -9.09% | -0.64% | -9.53% | 2.79% | -4.69% |
| May | -4.46% | 0.50% | -8.46% | 2.36% | 1.33% | -4.14% | -2.15% |
| Jun | -1.84% | 17.27% | 4.80% | -12.81% | 2.98% | -12.42% | -0.34% |
| Jul | -20.10% | -11.94% | 17.71% | -2.10% | 1.70% | 9.57% | -0.86% |
| Aug | -3.32% | 8.39% | -8.45% | 2.59% | 8.17% | -8.65% | -0.21% |
| Sep | -12.49% | -16.24% | -8.52% | 30.45% | 7.17% | -6.16% | -0.96% |
| Oct | 6.51% | -25.40% | -5.85% | -9.47% | -5.53% | 2.22%* | -6.25% |
| Nov | -9.09% | 36.33% | 5.42% | -3.35% | -5.98% | -- | 4.67% |
| Dec | -10.91% | 3.05% | -0.12% | -0.08% | -4.75% | -- | -2.56% |
| Total | -50.91% | -30.04% | -16.99% | -3.13% | 12.53% | -27.40% | -19.32% |
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: $22.02
SMA 50: $23.33
SMA 200: $25.86
Current: $22.18
EMA 12: $21.88
EMA 26: $22.29
MACD: -0.4030 | Signal: 0.0729
BEARISH
ADX (14): 30.41
TREND
+DI: 32.00
−DI: 33.24
Momentum Oscillators
RSI (14): 47.73
NEUTRAL
Stoch %K: 45.47
Stoch %D: 37.57
Williams %R: -27.21
Volume & Volatility
BB Upper: $22.70
BB Lower: $21.33
NEUTRAL
OBV: -462,678
Vol SMA 20: 19,408
Vol ROC: 9.44%
ATR: $0.33
True Range: $0.69
HV 20: 18.5%
HV 30: 18.3%
HV 60: 20.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Moderate volatility
- Neutral news sentiment
- Bullish MACD signal
Primary risks:
- Recent price action could be a mean reversion or consolidation phase
- Volatility is moderate, but can increase rapidly in the context of market events
Investment thesis: PGJ's current price level may represent a good entry point for investors seeking to buy into the trend. The stock's moderate volatility and neutral news sentiment suggest that it is relatively stable and less likely to experience large price swings.
Recent news sentiment impact: The recent news headlines are neutral, with no significant market-moving events or announcements that could impact PGJ's price.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Consolidation
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- Upper Bollinger Band: $26.09
- Middle Bollinger Band: $24.82
- Lower Bollinger Band: $23.54
- Moving Average 20: $24.82
- Moving Average 50: $24.04
Momentum Signals:
- RSI (14): 45.74 (neutral)
- MACD: Bullish signal (-0.08 / Signal: -0.12 / Histogram: 0.03)
- Bollinger Bands: Neutral signal
Volume Analysis:
- Volume SMA 20: 18727.85
- On-Balance Volume (OBV): 3107456.31
- Volume Rate of Change: -94.74%
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines are neutral, with no significant market-moving events or announcements that could impact PGJ's price.
Sentiment Assessment: Neutral sentiment
Catalyst Identification: No specific catalysts identified in the recent news headlines.
Market Narrative: The recent news headlines suggest a relatively stable market environment, which is reflected in PGJ's moderate volatility and neutral news sentiment.
Risk & Volatility Assessment
Risk Assessment:
- Beta: 1.00 (vs SPY) - moderate risk
- Alpha: -0.40 - slight underperformance compared to the market
- Correlation: 0.51 - relatively low correlation with the market
- Stock Volatility: 0.25 - moderate volatility
Options Market Signals:
- IV Rank: 29.8% (Medium) - shows if volatility is historically high/low
- Current IV: 59.6% - implies that options are pricing in a moderate level of volatility
- Expected Move: $1.35 (23 DTE), 7-DTE: $1.35 - suggests a relatively stable market environment
Market Context & Positioning
Sector Performance:
- Relative strength vs sector/market: PGJ is performing similarly to the broader market.
Institutional Activity:
- Volume patterns suggesting institutional interest: The volume flow is neutral, with no significant buying or selling pressure from institutions.
Correlation Analysis:
- R-squared interpretation: PGJ has a relatively low correlation with the market, which suggests that it may be less susceptible to market-wide volatility.
Relative Valuation:
- Position within trading range: PGJ's current price level is within its historical trading range, suggesting that it may be a good entry point for investors seeking to buy into the trend.
Key Levels & Action Items
Critical Price Levels:
- Support/resistance levels based on moving averages and technical patterns:
- Upper Bollinger Band: $26.09
- Middle Bollinger Band: $24.82
- Lower Bollinger Band: $23.54
Breakout/Breakdown Levels:
- Technical levels that could trigger significant moves:
- Break above the upper Bollinger Band: Bullish signal
- Break below the lower Bollinger Band: Bearish signal
Time-Sensitive Catalysts:
- Earnings dates, FDA approvals, product launches: No specific catalysts identified.
Risk Management:
- Stop-loss levels and position sizing considerations:
- Set stop-loss at $23.54 (lower Bollinger Band) to limit potential losses.
- Consider reducing position size if the stock price falls below $24.82 (middle Bollinger Band).
Note: The analysis is based on the provided data, but please keep in mind that it's a simulated report and not a genuine investment recommendation.
Generated
News
All PGJ news →
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Showing 1–10 of 50
Page 1 of 5
PGJ Options Activity & IV Rank
PGJ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 31.7%
7-DTE IV: 41.4%
Expected Move: $1.90
7-DTE Move: $0.70
Days to Exp: 42 (2026-11-20)
Options Flow
Call Volume: 1
Put Volume: 2
P/C Volume: 2.0
BEARISH
Call OI: 1
Put OI: 2
P/C OI: 2.0
Total OI: 3
ATM Options Pricing
ATM Call: $1.25
ATM Put: $0.65
Call %: 5.6%
Put %: 2.9%
Chain Summary
Chain Volume: 106
Chain OI: 137
Last Updated: 10/9/2026
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 71st 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
71%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+0.62
δ-sensitivity to IV
Charm tilt
-0.40
δ-decay vs time
Vanna tilt +0.62: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.40: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? 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
as of Oct 9 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 9 · No data
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
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IV Rank (7 DTE)38.0MediumOct 9
IV Rank (30 DTE)36.2MediumOct 9
Straddle Price (30 DTE)$1.90Oct 9
Beta Analysis
Risk Metrics
Beta: 0.9884
Alpha: -51.97%
Correlation: 0.5337
R-Squared: 28.5%
Stock Volatility: 24.1%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
PGJ Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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
28.67K
SI % of Float
0.74%
Days to Cover
1.38
Short Vol Ratio
27.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-09
PGJ Constituent Performance
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PGJ Constituents (8 of 8)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| YUMC | Yum China Holdings Inc | 8.11% | $42.92 | +2.73% | +7.35% | +1.42% |
| MAAS | Maase Inc | 3.26% | $11.56 | -5.94% | -15.62% | -26.79% |
| CSIQ | Canadian Solar Inc | 0.57% | $11.38 | +3.31% | +1.74% | -10.82% |
| MTC | MMTEC Inc | 0.36% | $4.76 | -1.45% | -4.99% | +0.42% |
| JDZG | Jiade Ltd | 0.22% | $5.79 | +2.84% | +19.63% | +65.43% |
| HUHU | Huhutech International Group Inc | 0.06% | $2.94 | -2.00% | -38.24% | -27.41% |
| AIFU | AIFU Inc | 0.05% | $12.02 | +9.17% | +17.61% | +11.92% |
| DCX | Digital Currency X Technology Inc | 0.00% | $2.73 | -0.47% | -29.71% | -96.84% |