SHYG iShares 0-5 Year High Yield Corporate Bond ETF

ETF 41.06 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.

SHYG $41.06 —
Key stats
$41.06
52-Week Range
$40.82 – $43.31
YTD
-4.29%
IV Rank (30D)
100.0
Straddle Price
$0.62
Open
$41.06
Day Range
$41.02 – $41.10
Volume
1,661,342
Prev Close
$41.04
About

iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) ETF

No description available.

Exchange
ARCX
Inception
2013-10-15
Has Options
Yes
Homepage
https://www.ishares.com/us
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jul 2026flows, SEC filings
Taxable Bond High Yield Bond#4 of 83 by assets iShares Index-tracking
Expense ratio
0.30%
issuer, Oct 21, 2026
Assets
$7.6B
issuer-reported, Oct 19, 2026
Trailing yield
7.18%
paid monthly
Average daily volume
$71M
30 sessions
Holdings
1,149
top 10 are 4.4%
Listed
Oct 15, 2013
NYSE Arca
Net asset value
$40.96
issuer, Oct 20, 2026 · closed +0.08% to NAV
Median bid/ask spread
0.02%
30 days, issuer-reported
30-day SEC yield
7.47%
issuer, Oct 19, 2026
Return on NAV, 1 year
+2.4%
issuer, through Sep 30, 2026 · 3 years +7.4% a year · 5 years +4.5% · 10 years +4.7%
Distributions, 12 months
$2.95 a share
issuer, through Oct 1, 2026: 100% income
Closure risk, 12 months
0.1%
low · model
Tracking difference
-0.08 pts
vs index, after fees, FY 2025
FrenzyCap ETF score
80
how it is built
Cost48
Liquidity95
Scale100
Diversification100

Moves with. Long Treasuries (43% of its variance, beta 0.31); High yield over Treasuries (13% of its variance, beta 0.59); US large-cap stocks (9% of its variance, beta 0.04); US dollar (3% of its variance, beta -0.05). These factors explain 74% of its daily moves over the last year.

Stated objective. The iShares 0-5 Year High Yield Corporate Bond ETF (the Fund ) seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds with remaining maturities of less than five years. (from the fund's prospectus)

All 1,149 holdingsFlow historyOverlap toolAll High Yield Bond ETFs

Fund flows
daily as of Oct 19, 2026issuer datathrough Jul 2026SEC filings
Oct 19, 2026
+$41M
latest day
Latest 5 trading days
+$41M
Latest 21 trading days
+$12M
+0.2% of assets
Year to date
−$11M
+$471M over 12 months
Each day
Net creations of SHYG by day, Sep 21, 2026 to Oct 19, 2026
DayNet flow
Oct 19, 2026+$41M
Oct 16, 2026$0
Oct 15, 2026$0
Oct 14, 2026$0
Oct 13, 2026$0
Oct 12, 2026$0
Oct 9, 2026$0
Oct 8, 2026$0
Oct 7, 2026$0
Oct 6, 2026$0
Oct 5, 2026$0
Oct 2, 2026$0
Oct 1, 2026$0
Sep 30, 2026$0
Sep 29, 2026$0
Sep 28, 2026$0
Sep 25, 2026−$21M
Sep 24, 2026$0
Sep 23, 2026−$8.3M
Sep 22, 2026$0
Sep 21, 2026$0

Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.

Jul 2026
+$51M
latest reported month
Latest 3 months
+$127M
+1.7% of assets
Latest 12 months
+$862M
+11.3% of assets
Aug 2025: +$338MSep 2025: +$186MSepOct 2025: +$456M+$456MNov 2025: −$124MNovDec 2025: +$244MJan 2026: +$129MJanFeb 2026: −$291M−$291MMar 2026: −$241MMarApr 2026: +$38MMay 2026: +$30MMayJun 2026: +$47MJul 2026: +$51MJul
View as a table
Net flows of SHYG by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$51M
Jun 2026+$47M
May 2026+$30M
Apr 2026+$38M
Mar 2026−$241M
Feb 2026−$291M
Jan 2026+$129M
Dec 2025+$244M
Nov 2025−$124M
Oct 2025+$456M
Sep 2025+$186M
Aug 2025+$338M

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
FundOverlapFeeAssets1Y
USHYiShares Broad USD High Yield Corporate Bond ETF—0.08%$25.6B−5.4%compare
HYGiShares iBoxx $ High Yield Corporate Bond ETF—0.49%$16.2B−4.8%compare
SPHYState Street SPDR Portfolio High Yield Bond ETF—0.05%$11.7B−5.7%compare
JNKState Street SPDR Bloomberg High Yield Bond ETF—0.40%$5.6B−5.1%compare
SJNKState Street SPDR Bloomberg Short Term High Yield Bond ETF—0.40%$4.4B−5.4%compare

The largest other funds in the High Yield Bond category.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
7 active
of 40 with agreements; top 3 did 87%
Created · redeemed
$2.7B · $848M
over the fiscal year
Redemptions in kind
99%
creations 92% in kind
Creation unit
100,000
shares
Securities lending
15.41%
of assets on loan on average; earned 9.1 bp
Return vs index
-0.08 pts
after fees; -0.08 before; daily s.d. 3.18

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
1150
AUM
$7.6B
Provider
iShares (BlackRock)
Inception
2013-10-15
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.30%
Dividend Yield
7.17%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-10-01 2026-10-06 $0.2390 CD
2026-09-01 2026-09-04 $0.2369 CD
2026-08-03 2026-08-06 $0.2454 CD
2026-07-01 2026-07-07 $0.2407 CD
2026-06-01 2026-06-04 $0.2468 CD
2026-05-01 2026-05-06 $0.2460 CD
Asset Allocation
Top Holdings
top 50 of 1150 holdings
Symbol Name Weight % Asset Class Country
— BLK CSH FND TREASURY SL AGENCY 1.91% Cash/Money Market US
— MERIDIAN ARC HOLDCO LLC 144A 0.61% Corporate Bond US
— ECHOSTAR CORP 0.54% Corporate Bond US
— PR RNO PROPERTY OWNER 1 LLC 144A 0.48% Corporate Bond US
— CLOUD SOFTWARE GROUP LLC 144A 0.45% Corporate Bond US
— CLOUD SOFTWARE GROUP LLC 144A 0.43% Corporate Bond US
— PARAMOUNT SKYDANCE CORP 144A 0.39% Corporate Bond US
— HUB INTERNATIONAL LTD 144A 0.39% Corporate Bond US
— SV RNO PROPERTY OWNER 1 LLC 144A 0.38% Corporate Bond US
— VENTURE GLOBAL LNG INC 144A 0.37% Corporate Bond US
— WULF COMPUTE LLC 144A 0.37% Corporate Bond US
— GALAXY HELIOS DATA CENTERS II LLC 144A 0.37% Corporate Bond US
— CENTENE CORPORATION 0.36% Corporate Bond US
— PANTHER ESCROW ISSUER LLC 144A 0.36% Corporate Bond US
— CORE SCIENTIFIC FINANCE I LLC 144A 0.35% Corporate Bond US
— TRANSDIGM INC 144A 0.32% Corporate Bond US
— CCO HOLDINGS LLC 144A 0.32% Corporate Bond US
— MAUSER PACKAGING SOLUTIONS HOLDING 144A 0.31% Corporate Bond US
— NEPTUNE BIDCO US INC 144A 0.29% Corporate Bond US
— CCO HOLDINGS LLC 144A 0.29% Corporate Bond US
— DAVITA INC 144A 0.29% Corporate Bond US
— APLD COMPUTECO LLC 144A 0.28% Corporate Bond US
— CCO HOLDINGS LLC 144A 0.28% Corporate Bond US
— MEDLINE BORROWER LP 144A 0.28% Corporate Bond US
— CCO HOLDINGS LLC 144A 0.28% Corporate Bond US
— UKG INC 144A 0.28% Corporate Bond US
— AADVANTAGE LOYALTY IP LTD 144A 0.27% Corporate Bond US
— NISSAN MOTOR CO LTD 144A 0.27% Corporate Bond JP
— VENTURE GLOBAL LNG INC 144A 0.27% Corporate Bond US
— ATHENAHEALTH GROUP INC 144A 0.26% Corporate Bond US
— STAPLES INC 144A 0.26% Corporate Bond US
— NISSAN MOTOR CO LTD 144A 0.26% Corporate Bond JP
— EMRLD BORROWER LP 144A 0.26% Corporate Bond US
— 1011778 BC UNLIMITED LIABILITY CO 144A 0.25% Corporate Bond CA
— DIRECTV FINANCING LLC 144A 0.25% Corporate Bond US
— RAKUTEN GROUP INC 144A 0.25% Corporate Bond JP
— ORGANON & CO 144A 0.25% Corporate Bond US
— CONNECT FINCO SARL 144A 0.24% Corporate Bond GB
— VOLTAGRID LLC 144A 0.24% Corporate Bond US
— APLD COMPUTECO 2 LLC 144A 0.23% Corporate Bond US
— TENET HEALTHCARE CORP 0.23% Corporate Bond US
— IMOLA MERGER CORP 144A 0.23% Corporate Bond US
— ROCKET COMPANIES INC 144A 0.23% Corporate Bond US
— MPT OPERATING PARTNERSHIP LP / MPT 144A 0.23% Corporate Bond US
— SIRIUS XM RADIO LLC 144A 0.23% Corporate Bond US
— CAESARS ENTERTAINMENT INC 144A 0.23% Corporate Bond US
— ALLIED UNIVERSAL HOLDCO LLC 144A 0.22% Corporate Bond US
— ZENITH ARC LLC 144A 0.22% Corporate Bond US
— CENTENE CORPORATION 0.21% Corporate Bond US
— CENTENE CORPORATION 0.21% Corporate Bond US
Non-Equity Breakdown
iShares 0-5 Year High Yield Corporate Bond ETF · NPORT-P period 2026-07-31 (filed 2026-09-25)
Net assets: $7.60B · 1162 total positions · equity 0.18% · non-equity 111.16%
Non-equity holdings — 1157 positions, 111.16% of NAV
Category Weight Value Positions
Corporate 93.71% $7.12B 1102
Short-term investment 13.66% $1.04B 2
Debt 3.79% $288.0M 53
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.02%-1.35%2.61%0.66%1.10%0.47%0.58%
Feb0.24%-0.69%-1.71%0.09%0.96%-0.28%-0.23%
Mar0.50%-0.14%1.56%0.59%-0.93%-0.47%0.18%
Apr0.57%-2.49%0.39%-0.50%-0.05%1.31%-0.13%
May0.26%0.85%-0.36%0.79%1.50%0.31%0.56%
Jun0.66%-4.97%1.12%0.36%1.63%0.21%-0.16%
Jul-0.20%4.19%1.19%1.86%0.42%-0.08%1.23%
Aug0.64%-2.47%0.78%1.60%1.03%0.74%0.39%
Sep-0.04%-2.44%-0.92%1.76%0.89%-1.67%-0.40%
Oct0.07%1.90%-0.22%-0.39%-0.12%0.02%*0.21%
Nov-0.88%2.40%2.91%1.38%0.77%--1.32%
Dec1.27%-1.80%1.13%-0.93%0.19%---0.03%
Total3.14%-7.13%8.71%7.47%7.61%0.53%3.39%
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: $41.19
SMA 50: $41.70
SMA 200: $42.28
Current: $41.06
EMA 12: $41.14
EMA 26: $41.32
MACD: -0.1787 | Signal: 0.0122
BEARISH
ADX (14): 38.80
TREND
+DI: 16.51
−DI: 32.63

Momentum Oscillators

RSI (14): 34.04
NEUTRAL
Stoch %K: 38.92
Stoch %D: 41.04
Williams %R: -67.65

Volume & Volatility

BB Upper: $41.47
BB Lower: $40.91
NEUTRAL
OBV: -27,654,200
Vol SMA 20: 1,839,396
Vol ROC: -0.79%
ATR: $0.14
True Range: $0.08
HV 20: 3.4%
HV 30: 3.5%
HV 60: 3.4%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

SHYG Stock Analysis Report

iShares 0-5 Year High Yield Corporate Bond ETF

Executive Summary

Overall Assessment: NEUTRAL with confidence level 6/10

SHYG is a passively managed high-yield bond ETF trading slightly below its short-term moving averages in a strong downtrend environment (ADX 44.31), despite fundamentals that remain relatively stable. The fund presents a yield-focused income strategy with mixed technical signals—momentum indicators suggest oversold conditions (RSI 34.01), but the persistent downtrend (-DI 39.70 vs +DI 17.72) and bearish MACD (-0.21 histogram) indicate selling pressure continues.

Investment Thesis: SHYG offers 7.14% trailing yield at an above-category expense ratio advantage (0.30% vs 0.39% peer median), supported by strong inflows (+11.3% of assets over 12 months), but near-term technicals suggest consolidation around $40.90-$41.45 support before meaningful recovery. The fund's low beta (0.18) and IV premium (290% richer than historical volatility) indicate the bond market is pricing in elevated uncertainty relative to recent realized moves.

Recent News Sentiment: Neutral across all headlines. News themes center on income generation and yield opportunity (dating back to 2022-2024), with no recent catalyst-driven commentary. Older headlines about Fed policy pivots (2022) and yield curve inversion are stale relative to current market conditions.

Technical Analysis

Trend Direction

| Timeframe | Direction | Status | |-----------|-----------|--------| | Short-term (1-4 weeks) | BEARISH | Price $41.24 trades below all three moving averages (SMA20: $41.45, SMA50: $41.86, SMA200: $42.35). Downtrend structure intact. | | Medium-term (1-3 months) | BEARISH | Consistent bearish positioning across moving averages with declining sequence (20 < 50 < 200). ADX reading of 44.31 confirms strong downtrend regime. | | Long-term (3-12 months) | BEARISH | SMA200 at $42.35 represents significant resistance; fund trading 2.6% below the 200-day average suggests erosion in longer-term support. |

Support/Resistance Levels

| Level | Type | Analysis | |-------|------|----------| | $40.90 | SUPPORT | Lower Bollinger Band + 30-period technical support. Critical floor—breach would signal acceleration of downtrend. | | $41.24-$41.45 | CURRENT LEVEL/RESISTANCE | Current price overlaps SMA20; minor resistance. | | $41.86 | RESISTANCE | SMA50; medium-term moving average acts as near-term cap. | | $42.00-$42.35 | RESISTANCE | Upper Bollinger Band and SMA200 cluster; significant 200-day resistance. | | $42.75 | MAJOR RESISTANCE | Technical breakout level needed to confirm trend reversal. |

Momentum Signals

RSI (14): 34.01 — Neutral-to-Oversold Territory

  • Reading is below the 50 midpoint but above oversold threshold (<30), suggesting mild selling fatigue without extreme desperation.
  • Not yet in classic oversold bounce zone (<30), limiting near-term bounce magnitude.
  • Oversold context supports floor-holding behavior around $40.90.

MACD: -0.21 / Signal: -0.00 / Histogram: -0.21 (BEARISH)

  • Negative histogram (-0.21) indicates MACD remains below signal line.
  • Signal line near zero suggests MACD is approaching crossover, but currently in bearish configuration.
  • This is early-stage deterioration rather than extreme weakness—crossover below zero would represent deeper momentum breakdown.

Bollinger Bands: Neutral Squeeze

  • Width of 2.66% is relatively tight, indicating low volatility squeeze.
  • Price at $41.24 trades in the middle band ($41.45), exactly centered within bands.
  • Squeeze conditions often precede volatility expansion; next move will likely determine direction.
  • No overbought/oversold extremes are present.

Stochastic Oscillators: Bearish Momentum

  • %K (37.81) and %D (37.07) both trade below 50, confirming downward momentum bias.
  • Levels are in neutral zone (not yet oversold <20), but trajectory is downward.
  • Williams %R (-59.62) confirms weakness without extreme capitulation.

Volume Analysis

| Metric | Reading | Interpretation | |--------|---------|-----------------| | Volume SMA20 | 1,847,151 | Baseline average trading volume. | | Volume Rate of Change | +11.51% | Modest uptick in trading activity vs 20-day average—suggests emerging institutional interest or liquidation flows, but not panic selling volume. | | On-Balance Volume (OBV) | -28,481,341 | Deeply negative cumulative volume reading indicates persistent selling pressure over recent sessions. OBV below zero confirms downtrend is supply-driven, not demand-driven. | | Institutional Signal | MIXED | Volume increase (+11.51%) combined with negative OBV suggests recent sessions show moderate selling concentration rather than broad accumulation. |

Volume Conclusion: The +11.51% volume rate of change indicates some institutional repositioning, but OBV's negative trajectory contradicts strong accumulation. This pattern is consistent with rebalancing or tactical selling rather than aggressive institutional accumulation.

News & Sentiment Analysis

Recent Headlines Summary

Themes Identified:

  1. Income Generation Focus (Primary Theme): Multiple headlines emphasize SHYG's 7.14% yield and income-producing characteristics ("12% yield," "income dynamo," "side of growth potential")
  2. Macro Context (Dated): Older commentary (2022-2023) references Fed policy pivot, yield curve inversion, and high-yield bond breakouts—these are not current catalysts
  3. Relative Performance (Dated): January 2023 headline noted "beating S&P 500 by substantial amount," which is stale context given market evolution since then
  4. No Company-Specific Catalysts: As an ETF, no earnings surprises or management changes; news reflects broad bond market narrative rather than fund-specific developments

Sentiment Assessment

Aggregate Sentiment: NEUTRAL (100% of headlines neutral)

  • All 6 headlines carry neutral tone; no negative news about credit events, credit downgrades, or fund-specific issues
  • No positive catalysts emphasizing near-term outperformance or tactical shifts
  • Lack of recent news (most recent substantial article from June 2024) suggests market indifference or waiting for macro catalyst

Catalyst Identification

Immediate (1-7 days): None identified in current news flow

Near-term (1-4 weeks):

  • Fed Interest Rate Policy: Bond ETF direction highly sensitive to rate expectations; any FOMC commentary or economic data will drive fund value
  • Credit Spread Widening/Tightening: High-yield bonds sensitive to credit risk sentiment; default concerns would compress valuations
  • Fund Flow Momentum: Latest reported flows (+$51M in July 2026 monthly, +$127M quarterly) show persistent inflows; continued institutional commitment could stabilize price

Medium-term (1-3 months):

  • Macro Economic Cycle: Recession fears, inflation trajectory, or employment data will cascade into high-yield bond repricing
  • Corporate Earnings Season: Holdings (1,150 positions across high-yield issuers) face Q3/Q4 earnings; widespread misses could trigger spread widening

Market Narrative vs. Technical Signals

CONFLICT IDENTIFIED:

  • News Narrative: Positive income story with strong fund inflows (+11.3% annually) suggests institutional confidence in fund's value proposition
  • Technical Signals: Bearish MACD, negative OBV, strong downtrend (ADX 44.31), and price below all moving averages suggest current period weakness contradicts longer-term institutional positioning

Interpretation: News reflects historical and longer-term fund merit, but near-term technicals indicate recent tactical selling or profit-taking that news flow hasn't yet caught up to. This divergence suggests resolution likely in next 2-4 weeks as either:

Generated
News
All SHYG news →
Showing 1–10 of 13
Page 1 of 2

SHYG Options Activity & IV Rank

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

Volatility Metrics

Current IV: 68.7%
7-DTE IV: —
Expected Move: $0.62
7-DTE Move: $0.62
Days to Exp: 30 (2026-11-20)

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: $0.62
ATM Put: $0.00
Call %: 1.5%
Put %: 0.0%

Chain Summary

Chain Volume: 3
Chain OI: 6
Last Updated: 10/21/2026
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.

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 Oct 21 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 21 · ATM 13.5% / 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)100.0HighOct 21
Straddle Price (30 DTE)$0.62Oct 21
Beta Analysis

Risk Metrics

Beta: 0.1802
Alpha: -7.43%
Correlation: 0.6151
R-Squared: 37.8%
Stock Volatility: 3.7%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

SHYG Institutional Ownership (13F)

Latest filings — 2026-09-30

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.

595 filers132,617,840 shares$5.61B value
# Filer Shares Value % of Total % of Float Period
1 Royal Bank of Canada Custodian 15,196,742 $644.49M 11.48% — 2026-06-30
2 Morgan Stanley Custodian 14,202,496 $602.33M 10.73% — 2026-06-30
3 ASSETMARK, INC 13,266,671 $562.64M 10.03% — 2026-06-30
4 Empower Advisory Group, LLC 13,050,164 $553.46M 9.86% — 2026-06-30
5 Japan Science & Technology Agency 4,450,000 $183.56M 3.27% — 2026-09-30
6 BlackRock, Inc. Custodian 4,226,615 $179.25M 3.19% — 2026-06-30
7 LPL Financial LLC Custodian 3,384,414 $143.53M 2.56% — 2026-06-30
8 Wealthfront Advisers LLC 2,681,442 $113.72M 2.03% — 2026-06-30
9 NEPC LLC 2,632,283 $111.64M 1.99% — 2026-06-30
10 Bank of America Corp Custodian 2,623,843 $111.28M 1.98% — 2026-06-30
11 Bramshill Investments, LLC 2,108,580 $89.42M 1.59% — 2026-06-30
12 MERCER GLOBAL ADVISORS INC /ADV 2,034,737 $86.29M 1.54% — 2026-06-30
13 COMMONWEALTH EQUITY SERVICES, LLC 1,916,056 $81.26M 1.45% — 2026-06-30
14 Envestnet Asset Management, Inc. 1,597,404 $67.75M 1.21% — 2026-06-30
15 NOMURA ASSET MANAGEMENT CO LTD 1,573,240 $66.72M 1.19% — 2026-06-30
16 ARCH CAPITAL GROUP LTD. 1,531,250 $64.94M 1.16% — 2026-06-30
17 Wells Fargo & Company Custodian 1,521,375 $64.52M 1.15% — 2026-06-30
18 Bank of New York Mellon Corp Custodian 1,178,652 $49.99M 0.89% — 2026-06-30
19 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 1,077,221 $45.68M 0.81% — 2026-06-30
20 Cetera Investment Advisers Custodian 990,960 $42.03M 0.75% — 2026-06-30
21 Allspring Global Investments Holdings, LLC 879,237 $37.29M 0.66% — 2026-06-30
22 Raymond James Financial, Inc. Custodian 837,457 $35.52M 0.63% — 2026-06-30
23 UBS Group AG Custodian 761,939 $32.31M 0.58% — 2026-06-30
24 Sound Income Strategies, LLC 760,280 $31.32M 0.56% — 2026-09-30
25 Mariner, LLC 726,574 $30.81M 0.55% — 2026-06-30
# 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
620.38K
SI % of Float
0.34%
Days to Cover
1.00
Short Vol Ratio
78.7%
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