PHB Invesco Fundamental High Yield Corporate Bond ETF

ETF 18.71 Delayed

ETF 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.

PHB $18.71 —
Key stats
$18.71
52-Week Range
$18.42 – $18.73
YTD
+0.46%
IV Rank (30D)
9.18
Straddle Price
$1.95
Open
$18.71
Day Range
$18.71 – $18.71
Prev Close
$18.71
About

Invesco Fundamental High Yield Corporate Bond ETF (PHB) ETF

No description available.

Exchange
ARCX
Inception
2008-11-03
Has Options
Yes
Homepage
https://www.invesco.com/us/etfs
ETF Profile
holdings as of 2026-04-30
Holdings
114
AUM
$281.3M
Provider
Invesco
Inception
2008-11-03
Exchange
ARCX
Data As Of
2026-04-30
Expense Ratio
—
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 50 of 114 holdings
Symbol Name Weight % Asset Class Country
GFLCN GFL Environmental Inc 4.67% Corporate Bond CA
BRKHEC PacifiCorp 4.57% Corporate Bond US
VOD Vodafone Group PLC 3.67% Corporate Bond GB
BCBSNJ Horizon Mutual Holdings Inc 3.07% Corporate Bond US
HUN Huntsman International LLC 2.48% Corporate Bond US
VFC VF Corp 2.38% Corporate Bond US
SESGFP SES AMERICOM Inc 2.08% Corporate Bond US
APTV Aptiv Swiss Holdings Ltd 1.85% Corporate Bond —
TCPC BlackRock TCP Capital Corp 1.75% Corporate Bond US
VFC VF Corp 1.72% Corporate Bond US
NSANY Nissan Motor Co Ltd 1.66% Corporate Bond JP
RWLVCA Resorts World Las Vegas LLC / RWLV Capital Inc 1.58% Corporate Bond US
NSANY Nissan Motor Co Ltd 1.57% Corporate Bond JP
FMC FMC Corp 1.33% Corporate Bond US
URI United Rentals North America Inc 1.33% Corporate Bond US
FMC FMC Corp 1.32% Corporate Bond US
WHR Whirlpool Corp 1.32% Corporate Bond US
WBD Discovery Global Holdings Inc 1.32% Corporate Bond US
PRGO Perrigo Finance Unlimited Co 1.28% Corporate Bond —
MXCN Methanex Corp 1.25% Corporate Bond CA
JWN Nordstrom Inc 1.21% Corporate Bond US
HUN Huntsman International LLC 1.17% Corporate Bond US
FMC FMC Corp 1.14% Corporate Bond US
HUN Huntsman International LLC 1.11% Corporate Bond US
FLR Fluor Corp 1.05% Corporate Bond US
TITIM Telecom Italia Capital SA 1.02% Corporate Bond —
BBDBCN Bombardier Inc 1.02% Corporate Bond CA
FSK FS KKR Capital Corp 1.01% Corporate Bond US
FSK FS KKR Capital Corp 0.99% Corporate Bond US
TITIM Telecom Italia Capital SA 0.98% Corporate Bond —
ROCKIE Rockies Express Pipeline LLC 0.97% Corporate Bond US
CE Celanese US Holdings LLC 0.96% Corporate Bond US
CE Celanese US Holdings LLC 0.95% Corporate Bond US
TITIM Telecom Italia Capital SA 0.95% Corporate Bond —
PSEC Prospect Capital Corp 0.94% Corporate Bond US
CE Celanese US Holdings LLC 0.93% Corporate Bond US
FMC FMC Corp 0.92% Corporate Bond US
TITIM Telecom Italia Capital SA 0.91% Corporate Bond —
NAVI Navient Corp 0.90% Corporate Bond US
ROCKIE Rockies Express Pipeline LLC 0.89% Corporate Bond US
FSK FS KKR Capital Corp 0.87% Corporate Bond US
LIBMUT Liberty Mutual Group Inc 0.86% Corporate Bond US
AA Alcoa Nederland Holding BV 0.86% Corporate Bond US
JWN Nordstrom Inc 0.84% Corporate Bond US
AAP Advance Auto Parts Inc 0.83% Corporate Bond US
HPP Hudson Pacific Properties LP 0.79% Corporate Bond US
SEE Sealed Air Corp 0.79% Corporate Bond US
BDN Brandywine Operating Partnership LP 0.79% Corporate Bond US
TNL Travel + Leisure Co 0.71% Corporate Bond US
FSK FS KKR Capital Corp 0.70% Corporate Bond US
Chart
Seasonality
Insufficient price history — listed 6557 days ago. Seasonality patterns need at least one full year of data.
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: $18.70
SMA 50: $18.66
SMA 200: $18.52
Current: $18.71
EMA 12: $18.70
EMA 26: $18.69
MACD: 0.0168 | Signal: -0.0011
BULLISH
ADX (14): 25.73
TREND
+DI: 26.17
−DI: 13.61

Momentum Oscillators

RSI (14): 61.12
NEUTRAL
Stoch %K: 69.98
Stoch %D: 72.72
Williams %R: -32.77

Volume & Volatility

BB Upper: $18.74
BB Lower: $18.66
NEUTRAL
OBV: 7,520,216
Vol SMA 20: 95,775
Vol ROC: -100.00%
ATR: $0.02
True Range: $0.00
HV 20: 1.5%
HV 30: 1.3%
HV 60: 2.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-03-08T00:00:00 – 2026-03-16T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall assessment: NEUTRAL (confidence level: 6/10)

Key drivers:

  • Bullish momentum signals from MACD
  • Neutral sentiment in recent news headlines
  • Low volatility, indicating a relatively stable stock price

Primary risks:

  • Potential for mean reversion, given the overbought RSI reading
  • Lack of significant catalysts or events driving market movement

Investment thesis: PHB is trading within a neutral range, with momentum indicators suggesting a possible short-term uptrend. However, the lack of significant news and low volatility suggest that this move may be consolidative rather than directional.

Recent news sentiment impact: The recent headlines are all neutral in nature, providing no significant catalysts or direction for the stock price.

Technical Analysis

Trend Direction:

  • Short-term: Uptrend (SMA 20 above current price)
  • Medium-term: Neutral (SMA 50 and SMA 200 trending sideways)
  • Long-term: Uptrend (SMA 200 above SMA 50)

Support/Resistance Levels:

  • Resistance: Upper Bollinger Band ($18.74) and recent highs
  • Support: Lower Bollinger Band ($18.66) and moving averages

Momentum Signals: RSI (14): 61.12 (neutral), MACD: bullish, Stochastic %K and %D neutral, Williams %R negative.

Volume Analysis:

  • Volume SMA 20: 95775.10
  • On-Balance Volume (OBV): 7520216.00
  • Volume Rate of Change: -100.00% (indicating decreasing volume)

News & Sentiment Analysis

Recent Headlines Summary: The recent headlines are all neutral in nature, providing no significant catalysts or direction for the stock price.

Sentiment Assessment: Neutral sentiment prevails, with no strong positive or negative news themes emerging.

Catalyst Identification: No significant events or announcements in the near future that could drive market movement.

Market Narrative: The lack of significant news and low volatility suggest that this move may be consolidative rather than directional.

Risk & Volatility Assessment

Risk Metrics:

  • Beta: 0.14 (low risk relative to SPY)
  • Alpha: 0.01
  • Correlation: 0.48
  • Stock Volatility: 0.03 (low volatility)

Options Market Signals: IV Rank: 43.3% (medium), Current IV: 51.6%, Expected Move: $1.95, Volume Flow: 0 calls vs 0 puts

Downside Protection: Support levels at the Lower Bollinger Band ($18.66) and moving averages provide some downside protection.

Market Context & Positioning

Market Performance: PHB is trading relatively flat within a neutral range, with no clear direction or momentum.

Institutional Activity: No significant institutional activity or buying/selling patterns are evident in the recent data.

Correlation Analysis: The stock has a low correlation (0.48) with SPY, indicating that it may not be as strongly influenced by market movements.

Relative Valuation: PHB is trading within its historical range and at relatively moderate levels compared to other ETFs in the same category.

Key Levels & Action Items

Critical Price Levels:

  • Resistance: Upper Bollinger Band ($18.74) and recent highs
  • Support: Lower Bollinger Band ($18.66) and moving averages

Breakout/Breakdown Levels: A breakout above the Upper Bollinger Band could indicate a potential short-term uptrend, while a breakdown below the Lower Bollinger Band would suggest increased risk.

Time-Sensitive Catalysts: No significant events or announcements in the near future that could drive market movement.

Risk Management: Stop-loss levels should be set at the Lower Bollinger Band ($18.66) to mitigate potential losses, with position sizing considerations factoring in the stock's relatively low volatility.

Generated
News
All PHB news →

PHB Options Activity & IV Rank

PHB IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 11.4%
7-DTE IV: —
Expected Move: $1.95
7-DTE Move: $1.18
Days to Exp: 28 (2026-03-20)

Options Flow

Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0

ATM Options Pricing

ATM Call: $0.88
ATM Put: $1.07
Call %: 4.7%
Put %: 5.7%

Chain Summary

Chain Volume: 4
Chain OI: 4
Last Updated: 2/20/2026
Spread Scanner GPU
Full Algorithm Docs ↗

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 13th 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
13%
vs own history
GEX tilt
-0.88
OI-weighted, today
Vanna tilt
-0.96
δ-sensitivity to IV
Charm tilt
+0.88
δ-decay vs time
Vanna tilt -0.96: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.88: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.

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.

· 3 ATM contracts, 1k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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 Feb 20 · No data
30 DTE / 10d —
— pts EXTREME
as of Feb 20 · ATM 11.2% / Wing —

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)9.2LowFeb 20
Straddle Price (30 DTE)$1.95Feb 20
Beta Analysis
Insufficient price history — listed 6557 days ago. Beta and correlation vs SPY require ~1 year of daily returns to be statistically meaningful.

PHB Institutional Ownership (13F)

Institutional 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 Shares Value % of Total % of Float Period
# 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
14.98K
SI % of Float
0.07%
Days to Cover
1.00
Short Vol Ratio
28.3%
Free Float
—
Float %
—
Short interest 2026-02-13 • Short volume 2026-02-20
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month