GlobeNewswire Inc.T3·1mo ago
QTUM Defiance Quantum ETF
ETF 138.23 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.
QTUM
$138.23
—
Key stats
$138.23
Pre-market
$137.98
-0.18%
- 52-Week Range
- $98.21 – $170.00
- YTD
- +23.00%
- IV Rank (30D)
- 21.44
- Straddle Price
- $9.85
- P/C Vol Ratio
- 0.45
- Open
- $139.77
- Day Range
- $138.00 – $139.91
- Volume
- 244,001
- Prev Close
- $137.14
About
Defiance Quantum ETF (QTUM) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2018-09-04
- Has Options
- Yes
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
- Expense ratio
- 0.40% prospectus, filed Jun 30, 2026
- Assets
- $5.2B shares × price, Oct 19, 2026
- Trailing yield
- 1.01% paid quarterly
- Average daily volume
- $45M 30 sessions
- Holdings
- 87 top 10 are 16.9%
- Listed
- Sep 4, 2018 Nasdaq
- Tracking difference
- -0.69 pts vs index, after fees, FY 2025
Cost76
Liquidity88
Scale100
Diversification93
Moves with. US large-cap stocks (43% of its variance, beta 1.33); Value over growth (18% of its variance, beta -0.55); Emerging markets over US (18% of its variance, beta 0.54); Small caps over large (9% of its variance, beta 0.74). These factors explain 85% of its daily moves over the last year.
Stated objective. The Defiance Quantum ETF (the Fund or the Quantum ETF) seeks to track the total return performance, before fees and expenses, of the BlueStar Quantum Computing and Machine Learning Index (the Index). (from the fund's prospectus)
All 87 holdingsFlow historySimilar fundsOverlap toolAll Quantum Computing ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$339M latest reported month
- Latest 3 months
- +$1.1B +17.2% of assets
- Latest 12 months
- +$2.5B +39.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$339M |
| May 2026 | +$548M |
| Apr 2026 | +$192M |
| Mar 2026 | −$110M |
| Feb 2026 | +$17M |
| Jan 2026 | +$280M |
| Dec 2025 | +$153M |
| Nov 2025 | −$26M |
| Oct 2025 | +$433M |
| Sep 2025 | +$295M |
| Aug 2025 | +$121M |
| Jul 2025 | +$243M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 78 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| WQTMWisdomTree Quantum Computing Fund | 32% | 0.45% | $329M | −6.7% | compare |
| WTAIWisdomTree Artificial Intelligence and Innovation Fund | 30% | 0.45% | $669M | +28.7% | compare |
| QTECFirst Trust NASDAQ-100 Technology Index Fund | 29% | 0.55% | $4.4B | +31.5% | compare |
| CHPSXtrackers Semiconductor Select Equity ETF | 29% | 0.15% | $90M | +83.7% | compare |
| CHPYYieldMax Semiconductor Portfolio Option Income ETF | 27% | 1.03% | $1.0B | +5.7% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Jun 30, 2026SEC filing- Holdings vs fair value
- +13.7% 49% under, 19% over · 64% covered
- Price / earnings
- 49.4 21% loss-making · 55% covered
- Price / book · sales
- 6.0 · 6.1 revenue growth +15.3%
- Above 200-day average
- 45% 18% above 50-day · by weight
- Short interest
- 6.6% of float, weighted · 3.4 days to cover
- Insider buying
- 5% of weight had net insider buying, 90 days; 46% net selling
- 13F holders
- +2.2% change in shares held by institutions, latest quarter
- Reporting earnings
- 12.1% of weight in 7 days; 24.4% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.72%
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
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | Horizon Quantum Holdings LTD | — | 2.38% | — |
| Increase | Arqit Quantum Inc | 0.59% | 2.41% | +189.6% |
| New position | QNTQuantinuum Inc | — | 1.57% | — |
| New position | Nebius Group NV | — | 1.39% | — |
| New position | XNDUXanadu Quantum Technologies Lt | — | 1.09% | — |
| Exit | BAHBooz Allen Hamilton Holding Co | 1.08% | — | — |
| New position | AMZNAmazon.com Inc | — | 1.06% | — |
| New position | INFQInfleqtion Inc | — | 1.04% | — |
| Decrease | HONHoneywell International Inc | 1.52% | 0.58% | −39.0% |
| Exit | Accenture PLC | 0.94% | — | — |
7 new, 3 exited, 36 increased and 25 decreased between the fund's two latest holdings reports; turnover 21.0%. Full holdings and history
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 5 active of 5 with agreements; top 3 did 93%
- Created · redeemed
- $2.3B · $442M over the fiscal year
- Redemptions in kind
- 102% creations 93% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 11.58% of assets on loan on average; earned 22.1 bp
- Return vs index
- -0.69 pts after fees; -0.15 before; daily s.d. 0.87
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 2026-06-30
Holdings
87
AUM
$7.1B
Provider
Nport
Inception
2018-09-04
Exchange
XNAS
Data As Of
2026-06-30
Expense Ratio
0.40%
Dividend Yield
1.02%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-24 | $0.4646 | CD |
| 2026-06-24 | 2026-06-25 | $0.2699 | CD |
| 2026-03-25 | 2026-03-26 | $0.2236 | CD |
| 2025-12-29 | 2025-12-30 | $0.4452 | CD |
| 2025-09-24 | 2025-09-25 | $0.2387 | CD |
| 2025-06-25 | 2025-06-26 | $0.2656 | CD |
Asset Allocation
Top Holdings
top 50 of 87 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Mount Vernon Liquid Assets Portfolio, LLC | 13.85% | Short-term investment | US |
| — | Arqit Quantum Inc | 2.41% | Equity (common) | GB |
| — | Horizon Quantum Holdings LTD | 2.38% | Equity (common) | SG |
| QNT | Quantinuum Inc | 1.57% | Equity (common) | US |
| ALAB | Astera Labs Inc | 1.55% | Equity (common) | US |
| AMAT | Applied Materials Inc | 1.55% | Equity (common) | US |
| KLAC | KLA Corp | 1.50% | Equity (common) | US |
| MKSI | MKS Inc | 1.50% | Equity (common) | US |
| ONTO | Onto Innovation Inc | 1.49% | Equity (common) | US |
| TER | Teradyne Inc | 1.48% | Equity (common) | US |
| LRCX | Lam Research Corp | 1.43% | Equity (common) | US |
| — | Nebius Group NV | 1.39% | Equity (common) | NL |
| INTC | Intel Corp | 1.39% | Equity (common) | US |
| MU | Micron Technology Inc | 1.38% | Equity (common) | US |
| BTQ | BTQ Technologies Corp | 1.37% | Equity (common) | CA |
| AMD | Advanced Micro Devices Inc | 1.36% | Equity (common) | US |
| — | Tokyo Electron Ltd | 1.31% | Equity (common) | JP |
| — | Global Unichip Corp | 1.26% | Equity (common) | TW |
| MRVL | Marvell Technology Inc | 1.25% | Equity (common) | US |
| TSM | TSMC | 1.24% | Equity (common) | TW |
| LSCC | Lattice Semiconductor Corp | 1.23% | Equity (common) | US |
| ARM | ARM Holdings PLC | 1.23% | Equity (common) | GB |
| — | ASML Holding NV | 1.22% | Equity (common) | NL |
| QNC | Quantum Emotion Corp | 1.20% | Equity (common) | CA |
| NET | Cloudflare Inc | 1.19% | Equity (common) | US |
| — | Tower Semiconductor Ltd | 1.19% | Equity (common) | IL |
| COHR | Coherent Corp | 1.18% | Equity (common) | US |
| — | Renesas Electronics Corp | 1.17% | Equity (common) | JP |
| — | Airbus SE | 1.17% | Equity (common) | NL |
| — | ASM International NV | 1.16% | Equity (common) | NL |
| — | ABB Ltd | 1.16% | Equity (common) | CH |
| — | Infineon Technologies AG | 1.14% | Equity (common) | DE |
| WIT | Wipro Ltd | 1.14% | Equity (common) | IN |
| RTX | RTX Corp | 1.14% | Equity (common) | US |
| SNOW | Snowflake Inc | 1.13% | Equity (common) | US |
| RDNT | RadNet Inc | 1.13% | Equity (common) | US |
| STM | STMicroelectronics NV | 1.12% | Equity (common) | CH |
| TXN | Texas Instruments Inc | 1.12% | Equity (common) | US |
| TDC | Teradata Corp | 1.11% | Equity (common) | US |
| — | Mitsubishi Electric Corp | 1.11% | Equity (common) | JP |
| CRWV | CoreWeave Inc | 1.11% | Equity (common) | US |
| MCHP | Microchip Technology Inc | 1.10% | Equity (common) | US |
| IBM | IBM | 1.10% | Equity (common) | US |
| QBTS | D-Wave Quantum Inc | 1.10% | Equity (common) | US |
| XNDU | Xanadu Quantum Technologies Lt | 1.09% | Equity (common) | CA |
| NTNX | Nutanix Inc | 1.09% | Equity (common) | US |
| — | Alchip Technologies Ltd | 1.08% | Equity (common) | TW |
| QUBT | Quantum Computing Inc | 1.08% | Equity (common) | US |
| AVGO | Broadcom Inc | 1.08% | Equity (common) | US |
| ADI | Analog Devices Inc | 1.07% | Equity (common) | US |
Geographic Breakdown
Non-Equity Breakdown
Defiance Quantum ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$6.26B
· 87 total positions
· equity 99.30%
· non-equity 13.85%
Non-equity holdings
— 1 positions,
13.85% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 13.85% | $866.9M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 6.24% | -10.54% | 11.53% | 2.95% | -0.11% | 3.12% | 2.20% |
| Feb | 1.79% | -0.40% | -3.00% | 8.01% | -3.68% | -0.27% | 0.41% |
| Mar | -2.10% | 2.32% | 5.68% | 0.84% | -3.61% | -8.01% | -0.81% |
| Apr | -0.68% | -10.52% | -5.78% | -5.88% | 0.11% | 22.64% | -0.02% |
| May | 0.76% | 1.52% | 9.62% | 8.31% | 12.27% | 18.18% | 8.44% |
| Jun | 2.99% | -12.05% | 3.24% | 1.03% | 6.89% | 1.54% | 0.61% |
| Jul | 0.18% | 11.05% | 4.15% | -1.07% | 0.67% | -12.41% | 0.43% |
| Aug | 2.97% | -6.19% | -4.98% | 4.96% | 4.78% | 1.33% | 0.48% |
| Sep | -2.92% | -11.16% | -6.31% | 4.94% | 12.00% | 4.88% | 0.24% |
| Oct | 5.44% | 0.15% | -6.37% | 0.87% | 7.91% | -9.80%* | -0.30% |
| Nov | 1.20% | 12.88% | 11.11% | 13.47% | -4.79% | -- | 6.77% |
| Dec | 2.69% | -7.45% | 6.03% | 14.94% | 1.78% | -- | 3.60% |
| Total | 19.74% | -29.47% | 24.68% | 65.55% | 37.64% | 16.90% | 22.51% |
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: $150.18
SMA 50: $149.67
SMA 200: $136.78
Current: $138.23
EMA 12: $145.65
EMA 26: $148.04
MACD: -2.3827 | Signal: -1.9156
BEARISH
ADX (14): 21.66
WEAK TREND
+DI: 15.83
−DI: 42.32
Momentum Oscillators
RSI (14): 32.12
NEUTRAL
Stoch %K: 10.79
Stoch %D: 11.29
Williams %R: -92.61
Volume & Volatility
BB Upper: $161.71
BB Lower: $138.66
OVERSOLD
OBV: 19,413,648
Vol SMA 20: 339,860
Vol ROC: -29.61%
ATR: $3.42
True Range: $2.78
HV 20: 25.6%
HV 30: 27.4%
HV 60: 31.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-21T00:00:00 – 2026-10-19T00:00:00
AI Analysis
LLM Stock Analysis Report: QTUM
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers:
- Strong technical signals, including a bearish MACD crossover
- High volatility, with the stock moving more than the market
- Mixed news sentiment, with positive articles on new ETF launches, but no significant earnings or regulatory catalysts
Primary Risks:
- Technical breakdown below $142.16 (lower Bollinger Band)
- Continued high volatility and potential for large price swings
Investment Thesis: The stock's recent uptrend has lost momentum, and technical indicators suggest a bearish trend may be underway. While the news sentiment is generally positive, it does not provide a strong catalyst to overcome the bearish signals. As such, we recommend caution when considering an investment in QTUM.
Recent News Sentiment Impact: The recent articles on new ETF launches have had a positive impact on the stock's price, but this may be short-lived if technical indicators continue to trend downward.
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:
- Lower Bollinger Band: $142.16
- Middle Bollinger Band: $150.68
- Upper Bollinger Band: $159.21
Momentum Signals:
- RSI Interpretation: NEUTRAL (48.09)
- MACD Signal: BEARISH (crossover below signal line)
- Bollinger Bands Position: MEAN REVERSION (price approaching middle band)
Volume Analysis:
- Volume SMA 20: 332946.91
- On-Balance Volume (OBV): 18664074.75
- Volume Rate of Change: 5.60%
News & Sentiment Analysis
Recent Headlines Summary: The recent articles on new ETF launches have been positive, but there are no significant earnings or regulatory catalysts to drive the stock's price higher.
Sentiment Assessment: Aggregate news sentiment is POSITIVE, with a focus on new ETF launches and product developments.
Catalyst Identification: There are no imminent catalysts that could significantly impact the stock's price. The upcoming earnings release may provide some insight into the company's future prospects.
Market Narrative: The technical indicators suggest a bearish trend, while the news sentiment is generally positive. This divergence may indicate that the market is not yet convinced of QTUM's long-term potential.
Risk & Volatility Assessment
Risk Interpretation: Beta: 2.10 (high risk relative to SPY)
Volatility Regime: The stock's volatility is currently HIGH, with a Historical Volatility of HV30 at 35.8%.
Options Market Signals: IV Rank: 18.9% (Low) Current IV: 38.0% Expected Move: $11.10 (42 DTE), 7-DTE: $5.80 Volume Flow: 214 calls vs 95 puts
Downside Protection: The lower Bollinger Band provides some support at $142.16, but this level may be breached if technical indicators continue to trend downward.
Market Context & Positioning
Sector Performance: QTUM is not part of a specific sector or industry, making it difficult to compare its performance relative to others.
Institutional Activity: The stock's recent trading activity suggests some institutional interest, with 947 calls and 499 puts open at the time of analysis.
Correlation Analysis: The stock's correlation with the market (R-squared) is 0.82, indicating that it tends to move in sync with broader market trends.
Relative Valuation: QTUM is currently trading near its historical mean, suggesting that it may be fairly valued.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $142.16 (key support)
- Middle Bollinger Band: $150.68
- Upper Bollinger Band: $159.21
Breakout/Breakdown Levels:
- Breakout above the upper Bollinger Band: $159.21
- Breakdown below the lower Bollinger Band: $142.16
Time-Sensitive Catalysts: There are no imminent catalysts that could significantly impact the stock's price.
Risk Management: Stop-loss levels should be set at $155.00 to manage potential losses, with position sizing considerations based on individual risk tolerance.
Generated
News
All QTUM news →
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QTUM Options Activity & IV Rank
QTUM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 30.2%
7-DTE IV: —
Expected Move: $9.85
7-DTE Move: $9.85
Days to Exp: 32 (2026-11-20)
Options Flow
Call Volume: 209
Put Volume: 95
P/C Volume: 0.455
BULLISH
Call OI: 455
Put OI: 155
P/C OI: 0.341
Total OI: 610
ATM Options Pricing
ATM Call: $5.55
ATM Put: $4.30
Call %: 4.0%
Put %: 3.1%
Chain Summary
Chain Volume: 1,623
Chain OI: 9,973
Last Updated: 10/19/2026
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 24th 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
24%
vs own history
GEX tilt
+0.10
OI-weighted, today
Vanna tilt
+0.54
δ-sensitivity to IV
Charm tilt
-0.66
δ-decay vs time
Vanna tilt +0.54: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.66: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 52 ATM contracts, 6k 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 19 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 19 · ATM 30.2% / 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)21.4LowOct 19
Straddle Price (30 DTE)$9.85Oct 19
Beta Analysis
Risk Metrics
Beta: 2.0993
Alpha: -3.59%
Correlation: 0.8203
R-Squared: 67.3%
Stock Volatility: 32.6%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
QTUM 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.
6 filers$56.16M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $31.80M | 56.63% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $19.12M | 34.04% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $4.05M | 7.21% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $940.05K | 1.67% | 2025-09-30 |
| 5 | Belvedere Trading LLC | $214.99K | 0.38% | 2026-06-30 |
| 6 | MAI Capital Management | $33.08K | 0.06% | 2026-06-30 |
6 filers$62.29M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Nantahala Capital Management, LLC | $36.88M | 59.21% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $12.93M | 20.76% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $8.24M | 13.22% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $3.03M | 4.86% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $929.61K | 1.49% | 2025-09-30 |
| 6 | Belvedere Trading LLC | $281.15K | 0.45% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
768.09K
SI % of Float
2.03%
Days to Cover
2.73
Short Vol Ratio
34.3%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-19
QTUM Constituent Performance
Click any bar to view the full quote for that stock.
QTUM Constituents (60 of 60)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| QNT | Quantinuum Inc | 1.57% | $34.93 | -4.43% | -11.61% | -31.71% |
| ALAB | Astera Labs Inc | 1.55% | $286.58 | +0.27% | -11.58% | -15.89% |
| AMAT | Applied Materials Inc | 1.55% | $413.11 | +0.93% | -16.97% | -11.01% |
| KLAC | KLA Corp | 1.50% | $166.4 | +0.40% | -12.48% | -9.55% |
| MKSI | MKS Inc | 1.50% | $215.41 | +0.27% | -13.80% | -16.16% |
| ONTO | Onto Innovation Inc | 1.49% | $226.28 | +2.53% | -17.34% | -18.01% |
| TER | Teradyne Inc | 1.48% | $335.53 | +3.24% | -12.59% | -12.06% |
| LRCX | Lam Research Corp | 1.43% | $272.2 | +3.13% | -12.07% | -9.95% |
| INTC | Intel Corp | 1.39% | $92.03 | +2.43% | -9.20% | -24.43% |
| MU | Micron Technology Inc | 1.37% | $904.9 | +2.97% | -8.51% | -13.32% |
| BTQ | BTQ Technologies Corp | 1.37% | $2.22 | +2.78% | -8.64% | -22.65% |
| AMD | Advanced Micro Devices Inc | 1.36% | $538.05 | +1.76% | -9.46% | -12.59% |
| MRVL | Marvell Technology Inc | 1.25% | $237.09 | +4.06% | -10.82% | -7.88% |
| TSM | TSMC | 1.24% | $420.22 | +1.84% | -5.43% | -5.60% |
| LSCC | Lattice Semiconductor Corp | 1.23% | $108.73 | +4.90% | -11.49% | -7.26% |
| ARM | ARM Holdings PLC | 1.23% | $228.05 | +0.11% | -10.65% | -29.37% |
| QNC | Quantum Emotion Corp | 1.20% | $1.22 | +0.00% | -13.48% | -31.07% |
| NET | Cloudflare Inc | 1.19% | $297.58 | +0.43% | -15.19% | -15.38% |
| COHR | Coherent Corp | 1.18% | $232.02 | -0.38% | -19.44% | -27.84% |
| WIT | Wipro Ltd | 1.14% | $1.93 | -1.03% | +13.53% | +15.57% |
| RTX | RTX Corp | 1.14% | $192.11 | -0.93% | +2.92% | -1.15% |
| SNOW | Snowflake Inc | 1.13% | $315.35 | +2.77% | -12.49% | -7.08% |
| RDNT | RadNet Inc | 1.13% | $69.27 | +0.68% | -3.11% | -4.68% |
| STM | STMicroelectronics NV | 1.12% | $45.61 | +0.48% | -9.65% | -11.66% |
| TXN | Texas Instruments Inc | 1.12% | $276.15 | -0.12% | -1.98% | +1.95% |
| TDC | Teradata Corp | 1.11% | $31.35 | +3.26% | +2.18% | +6.78% |
| CRWV | CoreWeave Inc | 1.11% | $61.12 | -0.44% | -23.85% | -28.46% |
| MCHP | Microchip Technology Inc | 1.10% | $74.43 | +0.79% | +0.81% | -0.47% |
| IBM | IBM | 1.10% | $236.39 | +1.83% | +4.13% | +1.92% |
| QBTS | D-Wave Quantum Inc | 1.10% | $11.83 | +0.42% | -13.90% | -33.16% |
| XNDU | Xanadu Quantum Technologies Lt | 1.09% | $2.8 | -7.89% | -19.77% | -62.01% |
| NTNX | Nutanix Inc | 1.09% | $67.53 | +0.88% | -8.92% | -3.58% |
| QUBT | Quantum Computing Inc | 1.08% | $6.42 | +0.94% | -7.36% | -28.35% |
| AVGO | Broadcom Inc | 1.08% | $334.59 | +1.78% | -5.68% | -7.74% |
| ADI | Analog Devices Inc | 1.07% | $394.35 | -0.28% | -2.93% | +2.96% |
| GOOGL | Alphabet Inc | 1.07% | $344.18 | +1.05% | -2.42% | -3.04% |
| AMZN | Amazon.com Inc | 1.06% | $262.45 | +4.98% | +1.13% | +1.55% |
| NVEC | NVE Corp | 1.06% | $100.58 | +1.46% | -8.74% | -3.23% |
| NVDA | NVIDIA Corp | 1.06% | $217.09 | +1.38% | -4.08% | -4.53% |
| RGTI | Rigetti Computing Inc | 1.06% | $11.67 | -1.10% | -11.92% | -29.40% |
| HPE | Hewlett Packard Enterprise Co | 1.05% | $55.87 | +1.34% | -20.56% | -9.52% |
| NOK | Nokia Oyj | 1.05% | $9.08 | -0.66% | -8.28% | -17.00% |
| CSCO | Cisco Systems Inc | 1.05% | $106.5 | -0.83% | -7.66% | -4.45% |
| INFQ | Infleqtion Inc | 1.04% | $8.75 | +2.34% | -15.70% | -37.32% |
| CDNS | Cadence Design Systems Inc | 1.04% | $325.86 | +1.99% | -6.47% | +10.50% |
| BIDU | Baidu Inc | 1.03% | $79.78 | -0.45% | -5.36% | -13.48% |
| LMT | Lockheed Martin Corp | 1.03% | $548.23 | -0.70% | +7.10% | +2.40% |
| SNPS | Synopsys Inc | 1.03% | $454.58 | -0.01% | -9.54% | +13.12% |
| QCOM | QUALCOMM Inc | 1.03% | $173.53 | +0.83% | -0.52% | -10.66% |
| MDB | MongoDB Inc | 1.02% | $348.69 | +3.29% | -8.55% | -14.39% |