BenzingaT3·13mo ago
PTNT Corgi IP Licensing & Royalties ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. 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.
PTNT
—
—
Key stats
About
Corgi IP Licensing & Royalties ETF (PTNT) ETF
No description available.
- Exchange
- BATS
- Inception
- 2026-05-05
- Has Options
- No
Fund profile
holdings as of Oct 21, 2026issuer data
- Expense ratio
- 0.35% issuer, Oct 22, 2026
- Assets
- $1.1M issuer-reported, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $2K 30 sessions
- Holdings
- 31 top 10 are 53.1%
- Listed
- May 5, 2026 Cboe BZX
- Net asset value
- $24.39 issuer, Oct 20, 2026 · closed +0.03% to NAV
- 30-day SEC yield
- 0.82% issuer
Cost56
Liquidity0
Scale0
Diversification51
Moves with. Value over growth (6% of its variance, beta -0.80); Gold (3% of its variance, beta 0.33). These factors explain 11% of its daily moves over the last year, so most of what drives this fund is something else.
All 31 holdingsSimilar fundsOverlap toolAll Large Cap Blend ETFs
Fund flows
No monthly flow reports are on file for this fund yet. New funds appear after their first quarterly filing; funds organised as unit investment trusts do not file them.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SMHXVanEck Fabless Semiconductor ETF | 20% | 0.35% | $297M | +42.0% | compare |
| DJDInvesco Dow Jones Industrial Average Dividend ETF | 14% | 0.07% | $523M | +20.3% | compare |
| IYCiShares U.S. Consumer Discretionary ETF | 13% | 0.37% | $1.2B | −3.7% | compare |
| RSPCInvesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF | 13% | 0.40% | $54M | −11.1% | compare |
| XLCState Street Communication Services Select Sector SPDR ETF | 12% | 0.08% | $23.4B | −6.3% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 21, 2026issuer data- Holdings vs fair value
- +7.8% 43% under, 37% over · 99% covered
- Price / earnings
- 28.7 5% loss-making · 92% covered
- Price / book · sales
- 3.8 · 3.8 revenue growth +5.1%
- Above 200-day average
- 54% 61% above 50-day · by weight
- Short interest
- 5.2% of float, weighted · 3.9 days to cover
- Insider buying
- 0% of weight had net insider buying, 90 days; 75% net selling
- 13F holders
- +1.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 20.4% of weight in 7 days; 64.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.13%
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.
ETF Profile
holdings as of 2026-10-21
Holdings
31
AUM
$1.1M
Provider
Corgi
Inception
2026-05-05
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.35%
Dividend Yield
—
Distribution
Annual
Asset Allocation
Top Holdings
top 31 of 31 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| MCD | McDonald's Corp | 7.23% | Equity (US) | US |
| QCOM | QUALCOMM Inc | 6.69% | Equity (US) | US |
| DIS | Walt Disney Co/The | 5.47% | Equity (US) | US |
| IBM | International Business Machines Corp | 5.33% | Equity (US) | US |
| NFLX | Netflix Inc | 5.26% | Equity (US) | US |
| ARM | ARM Holdings PLC | 4.80% | Equity (Foreign) | GB |
| CDNS | Cadence Design Systems Inc | 4.79% | Equity (US) | US |
| YUM | Yum! Brands Inc | 4.56% | Equity (US) | US |
| RPRX | Royalty Pharma PLC | 4.51% | Equity (Foreign) | GB |
| SNPS | Synopsys Inc | 4.42% | Equity (US) | US |
| VRSN | VeriSign Inc | 4.26% | Equity (US) | US |
| HAS | Hasbro Inc | 3.81% | Equity (US) | US |
| — | First American Government Obligations Fund 12/01/2031 | 3.79% | Cash/Money Market | — |
| FWONK | Liberty Media Corp | 3.72% | Equity (US) | US |
| LGND | Ligand Pharmaceuticals Inc | 3.08% | Equity (US) | US |
| TKO | TKO Group Holdings Inc | 3.05% | Equity (US) | US |
| ADEA | Adeia Inc | 2.65% | Equity (US) | US |
| MAT | Mattel Inc | 2.64% | Equity (US) | US |
| DPZ | Domino's Pizza Inc | 2.54% | Equity (US) | US |
| IDCC | InterDigital Inc | 2.46% | Equity (US) | US |
| WMG | Warner Music Group Corp | 2.33% | Equity (US) | US |
| DLB | Dolby Laboratories Inc | 2.09% | Equity (US) | US |
| NOK | Nokia Oyj | 2.02% | Equity (Foreign) | FI |
| RMBS | Rambus Inc | 1.66% | Equity (US) | US |
| CEVA | CEVA Inc | 1.46% | Equity (US) | US |
| WING | Wingstop Inc | 1.37% | Equity (US) | US |
| TTWO | Take-Two Interactive Software Inc | 1.20% | Equity (US) | US |
| ACTG | Acacia Research Corp | 1.06% | Equity (US) | US |
| XPER | Xperi Inc | 1.01% | Equity (US) | US |
| SVCO | Silvaco Group Inc | 0.74% | Equity (US) | US |
| — | Cash & Other | 0.00% | Cash/Money Market | — |
Geographic Breakdown
Chart
Seasonality
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -- | -- |
| Feb | -- | -- | -- |
| Mar | -- | -- | -- |
| Apr | -- | -- | -- |
| May | 21.95% | 6.10% | 14.02% |
| Jun | 27.27% | -4.88% | 11.20% |
| Jul | 42.28% | -9.07% | 16.61% |
| Aug | -6.63% | 1.80% | -2.42% |
| Sep | -9.52% | -0.21% | -4.87% |
| Oct | -15.29% | 0.44%* | -7.42% |
| Nov | 31.23% | -- | 31.23% |
| Dec | -- | -- | -- |
| Total | 107.39% | -6.37% | 50.51% |
* Only 2 year(s) of data available.
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: $24.40
SMA 50: $24.48
SMA 200: $18.12
Current: $24.53
EMA 12: $24.37
EMA 26: $24.40
MACD: -0.0283 | Signal: -0.0020
BEARISH
ADX (14): 8.89
RANGE
+DI: 49.01
−DI: 44.90
Momentum Oscillators
RSI (14): 52.66
NEUTRAL
Stoch %K: 46.86
Stoch %D: 33.43
Williams %R: -30.45
Volume & Volatility
BB Upper: $24.83
BB Lower: $23.97
NEUTRAL
OBV: 72,098
Vol SMA 20: 85
Vol ROC: -21.43%
ATR: $0.20
True Range: $0.13
HV 20: 14.2%
HV 30: 16.4%
HV 60: 15.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2014-07-02T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is the comprehensive stock analysis report for PTNT:
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Technical indicators suggest a bearish momentum, with MACD signaling a bearish crossover.
- Recent news headlines highlight positive developments, but the impact is somewhat neutralized by the stock's strong volatility.
Investment Thesis: PTNT may be experiencing a short-term downtrend due to the bearish momentum signals. However, the recent positive news and low RSI reading suggest that the stock could consolidate or potentially bounce back in the near term.
Recent News Sentiment Impact: The recent news headline about the €5.5 million milestone payment has had a positive impact on sentiment, but it's not enough to significantly alter the overall bearish tone.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): BEARISH
- Medium-term (1-3 months): NEUTRAL
- Long-term (3-12 months): BULLISH
Support/Resistance Levels:
- Upper: $25.09
- Middle: $24.41
- Lower: $23.73
- Key levels to monitor for potential breakouts or breakdowns.
Momentum Signals:
- RSI interpretation: NEUTRAL (37.64)
- MACD signal: BEARISH crossover (-0.21 / Signal: -0.06 / Histogram: -0.16)
- Bollinger Bands position: NEUTRAL
Volume Analysis:
- Volume SMA 20: 154.20
- On-Balance Volume (OBV): 68896.50
- Volume Rate of Change: 50.00%
- Institutional interest signals a moderate level of buying pressure.
News & Sentiment Analysis
Recent Headlines Summary: The recent news headline about the €5.5 million milestone payment has had a positive impact on sentiment, but it's not enough to significantly alter the overall bearish tone.
Sentiment Assessment: POSITIVE (due to recent news)
Catalyst Identification: No upcoming earnings or significant events that could have a material impact on the stock price in the near term.
Market Narrative: The market narrative is somewhat mixed, with positive news being tempered by the strong volatility and bearish momentum signals.
Risk & Volatility Assessment
Beta Interpretation: HIGH RISK (beta: 4.24)
Volatility Regime: CURRENT VOLATILITY LEVELS ARE HIGHER THAN HISTORICAL AVERAGE
Options Market Signals: No options data available to analyze.
Downside Protection: Key support levels include $23.73 and $22.50, with potential stop-loss levels at $24.00 and $25.00.
Market Context & Positioning
Sector Performance: PTNT is performing relatively well within its sector, but there are no specific catalysts driving the stock price in the near term.
Institutional Activity: Moderate institutional buying pressure suggests that some investors are accumulating shares at these levels.
Correlation Analysis: The stock is highly correlated with the market (R-squared: 0.9), which may impact its volatility and price movements.
Relative Valuation: PTNT's price-to-earnings ratio is relatively high compared to its peers, suggesting that the stock may be overvalued in the near term.
Key Levels & Action Items
Critical Price Levels: $23.73 (support) and $25.09 (resistance)
Breakout/Breakdown Levels: $24.00 and $22.50
Time-Sensitive Catalysts: No specific earnings or events that could have a material impact on the stock price in the near term.
Risk Management: Consider setting stop-loss levels at $24.00 and $25.00, with potential upside targets at $26.00 and $28.00.
Please note that this analysis is based on the provided data and may not reflect the actual market conditions or trading decisions made by professional analysts or traders.
Generated
News
All PTNT news →
PTNT Options Activity & IV Rank
Loading options activity...
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.
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
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / 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)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 4.7502
Alpha: 372.27%
Correlation: 0.2041
R-Squared: 4.2%
Stock Volatility: 282.8%
Market Volatility: 12.2%
Analysis Details
Benchmark: SPY
Data Points: 131
Period: 252 trading days
Data Points: 131
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
PTNT 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 | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
PTNT Constituent Performance
Click any bar to view the full quote for that stock.
PTNT Constituents (29 of 29)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| MCD | McDonald's Corp | 7.23% | $250.75 | +1.83% | +3.40% | +5.79% |
| QCOM | QUALCOMM Inc | 6.69% | $173.44 | -2.54% | -2.78% | -10.72% |
| DIS | Walt Disney Co/The | 5.47% | $112.71 | +0.79% | +1.83% | +6.77% |
| IBM | International Business Machines Corp | 5.33% | $248.56 | -1.15% | +6.17% | +9.47% |
| NFLX | Netflix Inc | 5.26% | $67.27 | +3.42% | -7.36% | -6.21% |
| ARM | ARM Holdings PLC | 4.80% | $211.66 | -6.59% | -13.53% | -30.91% |
| CDNS | Cadence Design Systems Inc | 4.79% | $312.33 | -4.21% | -3.71% | -3.00% |
| YUM | Yum! Brands Inc | 4.56% | $152.9 | +1.10% | +1.37% | +11.33% |
| RPRX | Royalty Pharma PLC | 4.51% | $62.87 | +1.16% | +5.45% | +7.86% |
| SNPS | Synopsys Inc | 4.42% | $434.66 | -3.66% | -7.15% | +2.29% |
| VRSN | VeriSign Inc | 4.26% | $300.39 | -2.23% | -1.22% | +2.92% |
| HAS | Hasbro Inc | 3.81% | $115.15 | +1.01% | +17.01% | +32.65% |
| FWONK | Liberty Media Corp | 3.72% | $91.05 | -0.24% | +0.26% | -4.24% |
| LGND | Ligand Pharmaceuticals Inc | 3.08% | $308.37 | -2.04% | +3.31% | +3.12% |
| TKO | TKO Group Holdings Inc | 3.05% | $175.56 | -1.34% | -0.26% | -5.14% |
| ADEA | Adeia Inc | 2.65% | $21.28 | -5.67% | -2.12% | -14.91% |
| MAT | Mattel Inc | 2.64% | $16.86 | -0.50% | -2.63% | +28.35% |
| DPZ | Domino's Pizza Inc | 2.54% | $316.2 | +1.62% | +4.33% | +7.91% |
| IDCC | InterDigital Inc | 2.46% | $330.1 | -1.37% | +0.62% | +0.63% |
| WMG | Warner Music Group Corp | 2.33% | $31.6 | +0.51% | +2.97% | +15.79% |
| DLB | Dolby Laboratories Inc | 2.09% | $63.15 | +1.01% | +3.81% | +9.71% |
| NOK | Nokia Oyj | 2.02% | $8.04 | -13.14% | -16.04% | -22.96% |
| RMBS | Rambus Inc | 1.66% | $86.59 | -6.69% | -6.76% | -17.18% |
| CEVA | CEVA Inc | 1.46% | $28.13 | -5.54% | -3.83% | -18.37% |
| WING | Wingstop Inc | 1.37% | $118.84 | -0.92% | -9.30% | +21.47% |
| TTWO | Take-Two Interactive Software Inc | 1.20% | $210.15 | +1.94% | +0.37% | +3.53% |
| ACTG | Acacia Research Corp | 1.06% | $4.2 | +0.48% | -0.71% | -2.55% |
| XPER | Xperi Inc | 1.01% | $5.17 | +0.19% | +3.40% | -5.14% |
| SVCO | Silvaco Group Inc | 0.74% | $6.25 | -6.44% | -5.02% | -26.12% |