Zacks Investment ResearchT3·23d ago
PRF Invesco RAFI US 1000 ETF
ETF 56.32 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.
PRF
$56.32
—
Key stats
$56.32
- 52-Week Range
- $44.48 – $56.66
- YTD
- +19.04%
- IV Rank (30D)
- 11.71
- Straddle Price
- $0.00
- Open
- $56.24
- Day Range
- $56.11 – $56.38
- Volume
- 426,413
- Prev Close
- $56.26
About
Invesco RAFI US 1000 ETF (PRF) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2005-12-19
- Has Options
- Yes
- Homepage
- https://www.invesco.com/us/etfs
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.34% prospectus, filed Aug 27, 2025
- Assets
- $10.1B shares × price, Oct 20, 2026
- Trailing yield
- 1.32% paid quarterly
- Average daily volume
- $21M 30 sessions
- Holdings
- 1,001 top 10 are 23.9%
- Listed
- Dec 19, 2005 NYSE Arca
- Last fee change
- +1 bp filed Aug 27, 2025
- Tracking difference
- -0.43 pts vs index, after fees, FY 2026
Cost59
Liquidity77
Scale100
Diversification100
Moves with. US large-cap stocks (103% of its variance, beta 0.98); Small caps over large (6% of its variance, beta 0.13). These factors explain 95% of its daily moves over the last year.
Stated objective. The Invesco RAFI US 1000 ETF (the Fund) seeks to track the investment results (before fees and expenses) of the RAFI Fundamental Select US 1000 Index (the Underlying Index). (from the fund's prospectus)
All 1,001 holdingsFlow historySimilar fundsOverlap toolAll Multi-Factor ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$9.9M latest reported month
- Latest 3 months
- −$260M −2.6% of assets
- Latest 12 months
- −$195M −2.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$9.9M |
| Jun 2026 | +$3.8M |
| May 2026 | −$254M |
| Apr 2026 | −$332K |
| Mar 2026 | +$104M |
| Feb 2026 | −$18M |
| Jan 2026 | −$18M |
| Dec 2025 | +$45M |
| Nov 2025 | +$10M |
| Oct 2025 | −$31M |
| Sep 2025 | −$17M |
| Aug 2025 | −$11M |
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 | |
|---|---|---|---|---|---|
| FNDXSchwab Fundamental U.S. Large Company ETF | 91% | 0.25% | $28.3B | +24.7% | compare |
| FNDBSchwab Fundamental U.S. Broad Market ETF | 91% | 0.25% | $1.5B | +23.9% | compare |
| VLUState Street SPDR S&P 1500 Value Tilt ETF | 79% | 0.12% | $777M | +21.8% | compare |
| IUSInvesco Exchange-Traded Self-Indexed Fund Trust Invesco RAFI Strategic US ETF | 76% | 0.19% | $999M | +28.3% | compare |
| IWDiShares Russell 1000 Value ETF | 70% | 0.18% | $84.3B | +27.1% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Holdings vs fair value
- +9.1% 41% under, 18% over · 100% covered
- Price / earnings
- 23.2 6% loss-making · 99% covered
- Price / book · sales
- 2.8 · 1.6 revenue growth +9.6%
- Above 200-day average
- 65% 59% above 50-day · by weight
- Short interest
- 3.0% of float, weighted · 3.2 days to cover
- Insider buying
- 6% of weight had net insider buying, 90 days; 61% net selling
- 13F holders
- +2.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 30.5% of weight in 7 days; 64.6% in 14
Holdings reporting in the next 14 days · weighted implied move this week 1.94%
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 18, 2026 → Oct 19, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | ATKRAtkore Inc | 0.02% | — | — |
0 new, 1 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.6%. Full holdings and history
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 11 active of 40 with agreements; top 3 did 66%
- Created · redeemed
- $1.6B · $1.8B over the fiscal year
- Redemptions in kind
- 98% creations 98% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 2.92% of assets on loan on average; earned 2.4 bp
- Return vs index
- -0.43 pts after fees; +0.14 before; daily s.d. 0.19
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 2026-10-20
Holdings
1002
AUM
$10.1B
Provider
Invesco
Inception
2005-12-19
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.34%
Dividend Yield
1.32%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-25 | $0.1923 | CD |
| 2026-06-22 | 2026-06-26 | $0.1753 | CD |
| 2026-03-23 | 2026-03-27 | $0.1848 | CD |
| 2025-12-22 | 2025-12-26 | $0.1889 | CD |
| 2025-09-22 | 2025-09-26 | $0.1928 | CD |
| 2025-06-23 | 2025-06-27 | $0.1751 | CD |
Asset Allocation
Top Holdings
top 50 of 1002 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| AAPL | Apple Inc | 4.64% | Equity (US) | US |
| GOOGL | Alphabet Inc | 3.26% | Equity (US) | US |
| MSFT | Microsoft Corp | 3.20% | Equity (US) | US |
| AMZN | Amazon.com Inc | 2.37% | Equity (US) | US |
| XOM | ExxonMobil Holdings Corp | 2.02% | Equity (US) | US |
| META | Meta Platforms Inc | 1.96% | Equity (US) | US |
| BRK.B | Berkshire Hathaway Inc | 1.88% | Equity (US) | US |
| JPM | JPMorgan Chase & Co | 1.61% | Equity (US) | US |
| CVX | Chevron Corp | 1.44% | Equity (US) | US |
| UNH | UnitedHealth Group Inc | 1.26% | Equity (US) | US |
| JNJ | Johnson & Johnson | 1.06% | Equity (US) | US |
| INTC | Intel Corp | 1.06% | Equity (US) | US |
| BAC | Bank of America Corp | 0.98% | Equity (US) | US |
| PFE | Pfizer Inc | 0.85% | Equity (US) | US |
| MRK | Merck & Co Inc | 0.81% | Equity (US) | US |
| WMT | Walmart Inc | 0.81% | Equity (US) | US |
| PG | Procter & Gamble Co/The | 0.79% | Equity (US) | US |
| WFC | Wells Fargo & Co | 0.79% | Equity (US) | US |
| C | Citigroup Inc | 0.76% | Equity (US) | US |
| VZ | Verizon Communications Inc | 0.76% | Equity (US) | US |
| NVDA | NVIDIA Corp | 0.73% | Equity (US) | US |
| T | AT&T Inc | 0.72% | Equity (US) | US |
| VLO | Valero Energy Corp | 0.72% | Equity (US) | US |
| CSCO | Cisco Systems Inc | 0.70% | Equity (US) | US |
| COP | ConocoPhillips | 0.70% | Equity (US) | US |
| MPC | Marathon Petroleum Corp | 0.67% | Equity (US) | US |
| ABBV | AbbVie Inc | 0.67% | Equity (US) | US |
| MRNA | Moderna Inc | 0.65% | Equity (US) | US |
| MU | Micron Technology Inc | 0.54% | Equity (US) | US |
| BMY | Bristol-Myers Squibb Co | 0.52% | Equity (US) | US |
| AVGO | Broadcom Inc | 0.50% | Equity (US) | US |
| CVS | CVS Health Corp | 0.50% | Equity (US) | US |
| COST | Costco Wholesale Corp | 0.50% | Equity (US) | US |
| HD | Home Depot Inc/The | 0.49% | Equity (US) | US |
| PSX | Phillips 66 | 0.48% | Equity (US) | US |
| GS | Goldman Sachs Group Inc/The | 0.48% | Equity (US) | US |
| ELV | Elevance Health Inc | 0.47% | Equity (US) | US |
| CMCSA | Comcast Corp | 0.44% | Equity (US) | US |
| V | Visa Inc | 0.43% | Equity (US) | US |
| AMGN | Amgen Inc | 0.43% | Equity (US) | US |
| DIS | Walt Disney Co/The | 0.42% | Equity (US) | US |
| GM | General Motors Co | 0.42% | Equity (US) | US |
| QCOM | QUALCOMM Inc | 0.42% | Equity (US) | US |
| RTX | RTX Corp | 0.42% | Equity (US) | US |
| ACN | Accenture PLC | 0.41% | Equity (Foreign) | IE |
| AMD | Advanced Micro Devices Inc | 0.41% | Equity (US) | US |
| TMO | Thermo Fisher Scientific Inc | 0.41% | Equity (US) | US |
| F | Ford Motor Co | 0.39% | Equity (US) | US |
| CRM | Salesforce Inc | 0.39% | Equity (US) | US |
| GILD | Gilead Sciences Inc | 0.38% | Equity (US) | US |
Non-Equity Breakdown
Invesco RAFI US 1000 ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-29)
Net assets:
$9.80B
· 1003 total positions
· equity 99.90%
· non-equity 3.05%
Non-equity holdings
— 3 positions,
3.05% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 3.05% | $299.4M | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 4.35% | -2.37% | 5.74% | 0.62% | 4.35% | 3.19% | 2.65% |
| Feb | 3.42% | -2.19% | -3.76% | 2.85% | 0.65% | 0.93% | 0.32% |
| Mar | 4.14% | 4.18% | -0.87% | 3.78% | -2.81% | -4.31% | 0.68% |
| Apr | 3.20% | -6.50% | 0.76% | -3.94% | -3.09% | 8.44% | -0.19% |
| May | 1.72% | 1.93% | -2.86% | 3.89% | 3.82% | 3.45% | 1.99% |
| Jun | -1.41% | -8.93% | 5.40% | -0.05% | 3.58% | 0.99% | -0.07% |
| Jul | -0.40% | 5.49% | 3.48% | 4.44% | -0.23% | 1.26% | 2.34% |
| Aug | 2.35% | -2.58% | -2.27% | 3.02% | 5.42% | 1.05% | 1.17% |
| Sep | -3.44% | -9.92% | -4.44% | 2.19% | 2.56% | -2.39% | -2.57% |
| Oct | 3.91% | 8.23% | -1.96% | -0.47% | 0.73% | 3.19%* | 2.27% |
| Nov | -3.29% | 5.67% | 7.28% | 6.50% | 2.74% | -- | 3.78% |
| Dec | 6.50% | -4.91% | 4.08% | -5.62% | 0.60% | -- | 0.13% |
| Total | 22.53% | -13.07% | 10.10% | 17.84% | 19.47% | 16.37% | 12.21% |
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: $55.40
SMA 50: $55.72
SMA 200: $52.36
Current: $56.32
EMA 12: $55.80
EMA 26: $55.62
MACD: 0.1824 | Signal: 0.1276
BULLISH
ADX (14): 19.21
RANGE
+DI: 33.68
−DI: 18.47
Momentum Oscillators
RSI (14): 61.86
NEUTRAL
Stoch %K: 87.27
Stoch %D: 83.67
Williams %R: -4.55
Volume & Volatility
BB Upper: $56.48
BB Lower: $54.32
NEUTRAL
OBV: 9,884,246
Vol SMA 20: 437,975
Vol ROC: -20.76%
ATR: $0.39
True Range: $0.27
HV 20: 7.1%
HV 30: 7.8%
HV 60: 8.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
STOCK ANALYSIS REPORT: PRF
Invesco RAFI US 1000 ETF
EXECUTIVE SUMMARY
Overall Assessment: NEUTRAL | Confidence: 6/10
PRF is a $10.0B passively-managed multi-factor equity ETF holding 1,002 large-cap US stocks with a 0.34% expense ratio. The fund is currently trading near its moving averages with mixed technical signals and muted momentum. Recent modest outflows (-$260M over 3 months, -2.6% of assets) and a slight valuation premium (+10.1% vs fair value) suggest cautious investor positioning ahead of a period when 13% of the portfolio weight reports earnings.
Key Drivers:
- Positive: Defensive positioning (Beta 0.71), low volatility regime (HV30 8.0%), net insider buying across 6.0% of weight, attractive expense ratio vs peers
- Primary Risks: Holdings trading at premium valuation, recent fund outflows, bearish MACD histogram (-0.13), Stochastic indicators at overbought levels (93.64), IV premium 75% above realized volatility
Investment Thesis:
PRF offers broad market exposure with reduced market sensitivity, but current technical positioning shows subtle distribution (bearish MACD divergence, elevated stochastic readings) despite price stability. The portfolio's valuation premium and recent redemption activity warrant monitoring, particularly as earnings season intensifies.
Recent News Sentiment Impact:
Minimal concrete catalyst impact. Most recent headline (2026-09-29) maintains neutral tone; prior positive assessment (2026-09-21) aligns with price stability but hasn't driven momentum. News coverage is largely routine Zacks screening articles with no material company-specific developments. Data Quality Note: Recent news dates appear future-dated (2026), suggesting potential data timestamp issues.
TECHNICAL ANALYSIS
Trend Direction
Short-term (1-4 weeks): CHOPPY/RANGE-BOUND
- Price $55.84 trades fractionally above SMA 20 ($55.23) and SMA 50 ($55.71), indicating neither clear uptrend nor breakdown
- Within tight Bollinger Band range: $54.47-$55.99 width of 2.75 suggests low volatility compression
- ADX 18.91 confirms range regime (below 25 threshold) — no directional conviction
Medium-term (1-3 months): NEUTRAL TO SLIGHTLY WEAK
- SMA 200 $52.10 provides support ~3.2% below current price
- Price remains above longer-term MA, but without momentum acceleration
- EMA 12 ($55.37) and EMA 26 ($55.38) nearly converged—suggests diminishing momentum
Long-term (3-12 months): UPTREND INTACT BUT STALLING
- +3.6% above 200-day average; 66% of portfolio holdings above their 200-day averages
- However, lack of higher-high structure and range compression indicates consolidation rather than acceleration
Support/Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|--------------| | $55.99 | Resistance (Bollinger Upper) | +0.27% | Tight resistance; breakout would require conviction | | $55.71 | Resistance (SMA 50) | -0.23% | Currently defending this line | | $54.47 | Support (Bollinger Lower) | -2.45% | Near-term support; ATR $0.38 suggests floor | | $52.10 | Support (SMA 200) | -6.75% | Major support; 3-month range boundary | | $51.00-$51.50 | Technical Support (implied) | -8.6% | Psychological and technical floor |
Key Observation: Tight clustering of moving averages and Bollinger Band compression indicates low volatility regime with limited near-term breakout potential. Support is more robust than resistance.
Momentum Signals
RSI (14): 57.73 — NEUTRAL (neither overbought nor oversold)
- Positioned in middle of 30-70 range; neither aggressive buy nor sell signal
- Lacks conviction in either direction; no mean-reversion setup
- Consistent with choppy consolidation pattern
Stochastic Oscillators: DIVERGENCE WARNING
- %K 93.64 and %D 84.66 are both in overbought territory (>80)
- Williams %R -6.18 equally elevated (approaching -0 overbought threshold)
- Interpretation: Despite price trading near middle Bollinger Band, momentum oscillators show overbought conditions—classic bearish divergence suggesting momentum exhaustion
- High risk of pullback; typically precedes 2-5% retracements in this volatility regime
MACD: BEARISH DIVERGENCE
- MACD line -0.02 below Signal line 0.11
- Histogram -0.13 negative and deteriorating—this is the critical signal
- Histogram turned negative recently (should cross back above signal line for bullish confirmation)
- Interpretation: Momentum is waning; short-term momentum shifted from positive to negative despite price stability
- This conflicts with the overbought oscillators—classic "exhaustion" setup
Volume Analysis
Volume Trend: SHARPLY DECLINING
- Volume Rate of Change: -63.56% (trailing 20-day average volume is 63% below prior period)
- Volume SMA 20: 410,688 (baseline for recent activity)
- Critical Finding: Declining volume during consolidation typically precedes directional breakout—usually downward in low-conviction setups
On-Balance Volume: 9,596,437
- OBV is rising modestly but slowly—not indicative of strong accumulation
- Combined with declining volume trend, suggests distribution into strength rather than institutional buying
Institutional Interest Assessment:
- Low volume coupled with price stability near resistance suggests professional profit-taking or reduced conviction
- Recent fund outflows (-$260M, -2.6%) consistent with gradual institutional reallocation away from the fund
- Reduced options activity (0 calls, 6 puts) further indicates minimal speculative or hedging interest
NEWS & SENTIMENT ANALYSIS
Recent Headlines Summary
All six recent headlines are from Zacks Investment Research screening queries. No material news regarding:
- Portfolio changes or rebalancing
- Regulatory developments
- Performance divergence from benchmarks
- Industry-specific catalysts affecting major holdings
Headlines Chronology: | Date | Headline | Sentiment | |------|----------|-----------| | 2026-09-29 | "Should...Be on Your Investing Radar?" | NEUTRAL | | 2026-09-21 | "Is...a Strong ETF Right Now?" | POSITIVE | | 2024-06-13 | "Is...a Strong ETF Right Now?" | NEUTRAL | | 2024-05-01 | "Should...Be on Your Investing Radar?" | NEUTRAL | | 2024-04-11 | "Is...a Strong ETF Right Now?" | NEUTRAL | | 2024-03-01 | "Should...Be on Your Investing Radar?" | NEUTRAL |
Data Quality Flag: Most recent headlines dated 2026 (future dates) warrant verification. If accurate, they represent only routine screening updates with no substantive analysis or catalyst identification.
Sentiment Assessment
Aggregate News Sentiment: NEUTRAL to MILDLY POSITIVE (5/10)
- One positive headline (2026-09-21) insufficient to establish bullish narrative
- 5 of 6 headlines neutral, suggesting no material developments driving fund perception
- No negative headlines; absence of negative news is neither bullish nor bearish in consolidation phase
- News sentiment does NOT align with technical divergence (bearish MACD vs neutral news)—suggests technicals are leading
Catalyst Identification
Immediate Catalysts (1-7 days):
- None identified from news; no fund-specific events
- Portfolio earnings: 13% of fund weight reporting earnings within 7 days [as of 2026-10-12]
- Top holdings likely include AAPL, GOOGL, MSFT earnings—monitor for large-cap disappointments that could drive sector rotation
Near-term (1-4 weeks):
- Continued earnings season (remainder of October-November)
- Fund flow reversal threshold: If outflows persist below -2.5% annually, may trigger index reconstitution selling
- Technicals suggest resolution likely
Generated
News
All PRF news →
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PRF Options Activity & IV Rank
PRF IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 15.2%
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: 6
P/C Volume: —
Call OI: 0
Put OI: 6
P/C OI: —
Total OI: 6
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 216
Chain OI: 182
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 7th 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
7%
vs own history
GEX tilt
-1.00
OI-weighted, today
Vanna tilt
-0.88
δ-sensitivity to IV
Charm tilt
+1.00
δ-decay vs time
Vanna tilt -0.88: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 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
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pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
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pts
EXTREME
as of Oct 21 · ATM 17.8% / 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
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)11.7LowOct 21
Straddle Price (30 DTE)$0.00Oct 21
Beta Analysis
Risk Metrics
Beta: 0.7004
Alpha: 11.29%
Correlation: 0.8580
R-Squared: 73.6%
Stock Volatility: 10.4%
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
PRF Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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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
106.04K
SI % of Float
0.06%
Days to Cover
1.00
Short Vol Ratio
77.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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