Zacks Investment ResearchT3·1mo ago
SMDV ProShares S&P SmallCap 600 Dividend Aristocrats ETF
ETF 72.97 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.
SMDV
$72.97
—
Key stats
$72.97
- 52-Week Range
- $63.86 – $79.56
- YTD
- +10.18%
- IV Rank (30D)
- 62.48
- Straddle Price
- $0.00
- P/C Vol Ratio
- 0.77
- Open
- $73.21
- Day Range
- $72.56 – $73.22
- Volume
- 126,283
- Prev Close
- $73.11
About
ProShares S&P SmallCap 600 Dividend Aristocrats ETF (SMDV) ETF
No description available.
- Exchange
- BATS
- Inception
- 2015-02-03
- Has Options
- Yes
Fund profile
holdings as of Oct 20, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.40% prospectus, filed Apr 7, 2026
- Assets
- $652M shares × price, Oct 20, 2026
- Trailing yield
- 2.39% paid quarterly
- Average daily volume
- $8.4M 30 sessions
- Holdings
- 71 top 10 are 17.8%
- Listed
- Feb 3, 2015 Cboe BZX
- Tracking difference
- -0.46 pts vs index, after fees, FY 2026
Cost45
Liquidity64
Scale67
Diversification87
Moves with. US large-cap stocks (31% of its variance, beta 0.85); Small caps over large (25% of its variance, beta 0.55); Value over growth (8% of its variance, beta 0.44). These factors explain 64% of its daily moves over the last year.
Stated objective. ProShares Russell 2000 Dividend Growers ETF (the Fund) seeks investment results, before fees and expenses, that track the performance of the Russell 2000 Dividend Growth Index (the Index). (from the fund's prospectus)
All 71 holdingsFlow historySimilar fundsOverlap toolAll Dividend Growth ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$3.6M latest reported month
- Latest 3 months
- −$10M −1.5% of assets
- Latest 12 months
- −$70M −10.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$3.6M |
| Apr 2026 | −$1.4M |
| Mar 2026 | −$5.1M |
| Feb 2026 | −$1.5M |
| Jan 2026 | −$8.3M |
| Dec 2025 | −$6.1M |
| Nov 2025 | −$4.4M |
| Oct 2025 | −$11M |
| Sep 2025 | −$11M |
| Aug 2025 | −$8.7M |
| Jul 2025 | −$4.7M |
| Jun 2025 | −$5.2M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| XSLVInvesco S&P SmallCap Low Volatility ETF | 32% | 0.25% | $235M | +9.3% | compare |
| XSHDInvesco S&P SmallCap High Dividend Low Volatility ETF | 21% | 0.30% | $63M | −2.5% | compare |
| PEYInvesco High Yield Equity Dividend Achievers ETF | 20% | 0.54% | $1.1B | +12.8% | compare |
| SIXSETC 6 Meridian Small Cap Equity ETF | 19% | 0.50% | $142M | +15.8% | compare |
| HSMVFirst Trust Horizon Managed Volatility Small/Mid ETF | 17% | 0.80% | $5.4M | +1.1% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 20, 2026issuer data- Holdings vs fair value
- +8.1% 36% under, 25% over · 100% covered
- Price / earnings
- 30.1 7% loss-making · 100% covered
- Price / book · sales
- 1.7 · 1.4 revenue growth +6.0%
- Above 200-day average
- 50% 37% above 50-day · by weight
- Short interest
- 6.4% of float, weighted · 5.4 days to cover
- Insider buying
- 8% of weight had net insider buying, 90 days; 46% net selling
- 13F holders
- +3.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 29.4% of weight in 7 days; 64.4% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.82%
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
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | INTWFCSG Systems International, Inc. | 0.94% | — | — |
| Increase | NSPInsperity, Inc. | 0.57% | 1.48% | +65.1% |
| Decrease | POWIPower Integrations, Inc. | 1.19% | 1.74% | −17.1% |
| Decrease | LANDGladstone Land Corp. | 1.22% | 0.77% | −18.6% |
| Increase | PIIPolaris, Inc. | 0.82% | 1.24% | +29.8% |
| Decrease | WDFCWD-40 Co. | 1.13% | 0.81% | −15.6% |
| Decrease | LMATLeMaitre Vascular, Inc. | 1.16% | 0.84% | −17.7% |
| Decrease | ENSGEnsign Group, Inc. (The) | 1.09% | 0.77% | −10.2% |
| Decrease | AVNTAvient Corp. | 1.21% | 0.92% | −12.3% |
| Increase | AGMFederal Agricultural Mortgage Corp. | 0.81% | 1.05% | +14.1% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.5%. Full holdings and history
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 6 active of 39 with agreements; top 3 did 94%
- Created · redeemed
- $8.3M · $79M over the fiscal year
- Redemptions in kind
- 99% creations 99% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 0.38% of assets on loan on average; earned 0.2 bp
- Return vs index
- -0.46 pts after fees; +0.00 before; daily s.d. 0.05
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 2026-10-21
Holdings
71
AUM
$651.3M
Provider
ProShares
Inception
2015-02-03
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.40%
Dividend Yield
2.39%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-29 | $0.4196 | CD |
| 2026-06-24 | 2026-06-30 | $0.4134 | CD |
| 2026-03-25 | 2026-03-31 | $0.3600 | CD |
| 2025-12-24 | 2025-12-31 | $0.5528 | CD |
| 2025-09-24 | 2025-09-30 | $0.4382 | CD |
| 2025-06-25 | 2025-07-01 | $0.3787 | CD |
Asset Allocation
Top Holdings
top 50 of 71 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| PRGO | PERRIGO CO PLC | 2.27% | Equity (US) | — |
| MKTX | MARKETAXESS HOLDINGS INC | 2.18% | Equity (US) | US |
| WOR | WORTHINGTON ENTERPRISES INC | 1.77% | Equity (US) | US |
| IOSP | INNOSPEC INC | 1.75% | Equity (US) | US |
| ABM | ABM INDUSTRIES INC | 1.66% | Equity (US) | US |
| HNI | HNI CORP | 1.64% | Equity (US) | US |
| MATX | MATSON INC | 1.63% | Equity (US) | US |
| APOG | APOGEE ENTERPRISES INC | 1.63% | Equity (US) | US |
| SCL | STEPAN CO | 1.62% | Equity (US) | US |
| NHC | NATIONAL HEALTHCARE CORP | 1.60% | Equity (US) | US |
| TMP | TOMPKINS FINANCIAL CORP | 1.59% | Equity (US) | US |
| JJSF | J & J SNACK FOODS CORP | 1.58% | Equity (US) | US |
| GFF | GRIFFON CORP | 1.58% | Equity (US) | US |
| BCPC | BALCHEM CORP | 1.58% | Equity (US) | US |
| WLY | WILEY (JOHN) & SONS-CLASS A | 1.57% | Equity (US) | US |
| BMI | BADGER METER INC | 1.56% | Equity (US) | US |
| KWR | QUAKER CHEMICAL CORPORATION | 1.54% | Equity (US) | US |
| NSP | INSPERITY INC | 1.54% | Equity (US) | US |
| UCB | UNITED COMMUNITY BANKS/GA | 1.53% | Equity (US) | US |
| CHCO | CITY HOLDING CO | 1.52% | Equity (US) | US |
| WABC | WESTAMERICA BANCORPORATION | 1.51% | Equity (US) | US |
| MTRN | MATERION CORP | 1.49% | Equity (US) | US |
| NBTB | N B T BANCORP INC | 1.49% | Equity (US) | US |
| SFNC | SIMMONS FIRST NATL CORP-CL A | 1.48% | Equity (US) | US |
| STBA | S & T BANCORP INC | 1.47% | Equity (US) | US |
| UTL | UNITIL CORP | 1.45% | Equity (US) | US |
| OTTR | OTTER TAIL CORP | 1.45% | Equity (US) | US |
| FELE | FRANKLIN ELECTRIC CO INC | 1.45% | Equity (US) | US |
| CPK | CHESAPEAKE UTILITIES CORP | 1.44% | Equity (US) | US |
| INDB | INDEPENDENT BANK CORP/MA | 1.43% | Equity (US) | US |
| BANF | BANCFIRST CORP | 1.42% | Equity (US) | US |
| MSEX | MIDDLESEX WATER CO | 1.42% | Equity (US) | US |
| NWN | NORTHWEST NATURAL HOLDING CO | 1.42% | Equity (US) | US |
| LKFN | LAKELAND FINANCIAL CORP | 1.42% | Equity (US) | US |
| AWR | AMERICAN STATES WATER CO | 1.41% | Equity (US) | US |
| LNN | LINDSAY CORP | 1.40% | Equity (US) | US |
| TR | TOOTSIE ROLL INDS | 1.38% | Equity (US) | US |
| SFBS | SERVISFIRST BANCSHARES INC | 1.38% | Equity (US) | US |
| HFWA | HERITAGE FINANCIAL CORP | 1.37% | Equity (US) | US |
| EMN | EASTMAN CHEMICAL CO | 1.37% | Equity (US) | US |
| AUB | ATLANTIC UNION BANKSHARES CO | 1.37% | Equity (US) | US |
| HWKN | HAWKINS INC | 1.36% | Equity (US) | US |
| ALG | ALAMO GROUP INC | 1.36% | Equity (US) | US |
| CBU | COMMUNITY FINANCIAL SYSTEM I | 1.35% | Equity (US) | US |
| HMN | HORACE MANN EDUCATORS | 1.35% | Equity (US) | US |
| FUL | H.B. FULLER CO. | 1.35% | Equity (US) | US |
| CWT | CALIFORNIA WATER SERVICE GRP | 1.35% | Equity (US) | US |
| TRNO | TERRENO REALTY CORP | 1.34% | Equity (US) | US |
| BRC | BRADY CORPORATION - CL A | 1.32% | Equity (US) | US |
| NPO | ENPRO INC | 1.32% | Equity (US) | US |
Non-Equity Breakdown
ProShares Russell 2000 Dividend Growers ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$655M
· 106 total positions
· equity 99.78%
· non-equity 1.07%
Non-equity holdings
— 5 positions,
1.07% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 0.91% | $6.0M | 1 |
| Repurchase agreement | 0.16% | $1.0M | 4 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.45% | -4.86% | 5.36% | -5.05% | 3.13% | 6.42% | 1.07% |
| Feb | 6.35% | 0.91% | -1.48% | -0.18% | 1.22% | 0.79% | 1.27% |
| Mar | 3.64% | 2.49% | -5.39% | 3.47% | -4.12% | -4.93% | -0.81% |
| Apr | 0.67% | -6.92% | -2.99% | -3.29% | -4.06% | 5.10% | -1.92% |
| May | 0.06% | 2.58% | -3.47% | 3.28% | 1.76% | -0.27% | 0.66% |
| Jun | -6.11% | -5.30% | 3.39% | -1.48% | 1.94% | 7.36% | -0.03% |
| Jul | -2.00% | 5.26% | 4.47% | 15.63% | -2.85% | -0.21% | 3.38% |
| Aug | 2.77% | -2.98% | -2.37% | 1.03% | 6.86% | -2.82% | 0.42% |
| Sep | -3.99% | -8.51% | -7.34% | 0.71% | -1.77% | -4.89% | -4.30% |
| Oct | 2.26% | 9.89% | -2.65% | -0.31% | -1.94% | 1.15%* | 1.40% |
| Nov | -3.91% | 4.52% | 6.92% | 10.02% | 2.57% | -- | 4.02% |
| Dec | 6.96% | -5.98% | 7.79% | -9.54% | -1.12% | -- | -0.38% |
| Total | 7.48% | -10.23% | 0.82% | 12.65% | 1.02% | 7.06% | 3.13% |
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: $72.57
SMA 50: $74.69
SMA 200: $73.26
Current: $72.97
EMA 12: $72.71
EMA 26: $73.20
MACD: -0.4907 | Signal: 0.2052
BEARISH
ADX (14): 27.48
TREND
+DI: 22.82
−DI: 24.91
Momentum Oscillators
RSI (14): 47.40
NEUTRAL
Stoch %K: 67.08
Stoch %D: 66.08
Williams %R: -26.70
Volume & Volatility
BB Upper: $73.41
BB Lower: $71.72
NEUTRAL
OBV: -1,796,456
Vol SMA 20: 131,013
Vol ROC: 21.78%
ATR: $0.83
True Range: $0.66
HV 20: 10.9%
HV 30: 9.9%
HV 60: 10.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is my analysis report based on the provided stock data:
Executive Summary
Overall Assessment: NEUTRAL with confidence level 6/10 Key drivers and primary risks:
- Technical signals are mixed, with bullish momentum in MACD and Stochastic %K, while RSI is neutral.
- Volatility is low, which may indicate a consolidation period or a lack of market-moving catalysts.
- Recent news sentiment has been neutral, focusing on general market commentary and routine announcements.
Recent news sentiment impact: The recent headlines have been primarily focused on ETFs and market trends, with no specific events or announcements that could significantly impact SMDV's price. The neutral sentiment may be contributing to the current consolidation phase.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Neutral, as RSI is within its middle band.
- Medium-term (1-3 months): Bullish, with MACD and Stochastic %K indicating upward momentum.
- Long-term (3-12 months): Uptrend, with SMA 200 above the current price.
Support/Resistance Levels:
- Key resistance levels: $78.13 (Upper Bollinger Band) and $76.19 (EMA 12).
- Key support levels: $73.59 (Lower Bollinger Band) and $75.86 (SMA 20).
Momentum Signals:
- RSI interpretation: Neutral, with a reading of 59.05.
- MACD signal: Bullish, with the histogram above the zero line.
- Bollinger Bands position: Neutral, as the price is within the middle band.
Volume Analysis:
- Volume SMA 20: 63299.45 (increasing), indicating institutional interest.
- On-Balance Volume (OBV): -451483.79 (decreasing), suggesting a lack of buying pressure.
- Volume Rate of Change: 12.11% (positive), indicating increasing volume.
News & Sentiment Analysis
Recent Headlines Summary: The recent headlines have been focused on ETFs, market trends, and general commentary, with no specific events or announcements that could significantly impact SMDV's price.
Sentiment Assessment: Aggregate news sentiment is NEUTRAL, reflecting the lack of market-moving catalysts in recent headlines.
Catalyst Identification: There are no imminent catalysts identified through the recent headlines. The focus is on general market commentary and routine announcements.
Market Narrative: The neutral market narrative may be contributing to the current consolidation phase, as there are no specific events or announcements that could significantly impact SMDV's price.
Risk & Volatility Assessment
Beta Interpretation: SMDV has a beta of 0.55, indicating low volatility relative to the SPY. This suggests that the stock moves less than the market and may be less sensitive to overall market movements.
Volatility Regime: The current volatility regime is LOW, with a historical volatility range of 13-14%.
Options Market Signals:
- IV Rank: 26.3% (Medium), indicating historically average volatility.
- Current IV: 27.3%, suggesting slightly higher implied volatility than the 30-day historical volatility.
- Expected Move: $3.33 (42 DTE), with a moderate expected move.
Downside Protection: The support levels are at $73.59 (Lower Bollinger Band) and $75.86 (SMA 20). A stop-loss level could be set around $74.50 to limit potential losses.
Market Context & Positioning
Sector Performance: SMDV is trading within its sector's performance, with no significant outperformance or underperformance relative to the Russell 2000 ETF.
Institutional Activity: The volume SMA 20 and OBV suggest increasing institutional interest, but this activity has been decreasing recently.
Correlation Analysis: The correlation coefficient is 0.45, indicating a moderate positive correlation between SMDV and the SPY.
Relative Valuation: SMDV is trading within its historical range, with no significant deviations from its average price levels.
Key Levels & Action Items
Critical Price Levels:
- Support: $73.59 (Lower Bollinger Band) and $75.86 (SMA 20).
- Resistance: $78.13 (Upper Bollinger Band) and $76.19 (EMA 12).
Breakout/Breakdown Levels: A potential breakout level could be around $79.50, while a breakdown level could be around $72.00.
Time-Sensitive Catalysts: There are no imminent catalysts identified through the recent headlines. The focus is on general market commentary and routine announcements.
Risk Management: A stop-loss level could be set around $74.50 to limit potential losses, and a position sizing consideration could be made based on the current volatility regime and expected move.
Overall, SMDV's technical signals are mixed, with bullish momentum in MACD and Stochastic %K, while RSI is neutral. The recent news sentiment has been neutral, focusing on general market commentary and routine announcements. The low volatility regime suggests a consolidation period or a lack of market-moving catalysts.
Generated
News
All SMDV news →
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Showing 1–10 of 50
Page 1 of 5
SMDV Options Activity & IV Rank
SMDV IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 22.0%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 13
Put Volume: 10
P/C Volume: 0.769
NEUTRAL
Call OI: 13
Put OI: 9
P/C OI: 0.692
Total OI: 22
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 105
Chain OI: 104
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.
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 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
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)62.5MediumOct 21
Straddle Price (30 DTE)$0.00Oct 21
Beta Analysis
Risk Metrics
Beta: 0.4200
Alpha: 3.52%
Correlation: 0.3847
R-Squared: 14.8%
Stock Volatility: 13.9%
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
SMDV 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 |
|---|
| # | 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
12.68K
SI % of Float
0.14%
Days to Cover
1.00
Short Vol Ratio
81.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
SMDV Constituent Performance
Click any bar to view the full quote for that stock.
SMDV Constituents (70 of 70)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| PRGO | PERRIGO CO PLC | 2.27% | $15.91 | -1.61% | -0.25% | +14.96% |
| MKTX | MARKETAXESS HOLDINGS INC | 2.18% | $164.26 | -0.14% | -0.15% | +0.34% |
| WOR | WORTHINGTON ENTERPRISES INC | 1.77% | $65.1 | +1.88% | +3.78% | +9.05% |
| IOSP | INNOSPEC INC | 1.75% | $99.64 | +0.48% | +2.62% | +3.15% |
| ABM | ABM INDUSTRIES INC | 1.66% | $52.28 | +1.40% | +3.24% | +5.21% |
| HNI | HNI CORP | 1.64% | $45.06 | -1.96% | -2.95% | -4.45% |
| MATX | MATSON INC | 1.63% | $235.07 | -0.93% | -0.21% | +5.93% |
| APOG | APOGEE ENTERPRISES INC | 1.63% | $43.68 | +1.28% | +7.45% | +18.76% |
| SCL | STEPAN CO | 1.62% | $63.9 | +1.12% | +2.87% | -1.50% |
| NHC | NATIONAL HEALTHCARE CORP | 1.60% | $235.6 | -4.98% | +0.48% | +4.77% |
| TMP | TOMPKINS FINANCIAL CORP | 1.59% | $98.89 | -0.46% | +3.16% | +2.28% |
| JJSF | J & J SNACK FOODS CORP | 1.58% | $81.75 | -0.09% | +4.18% | +4.90% |
| GFF | GRIFFON CORP | 1.58% | $94.63 | -0.38% | +2.77% | -2.03% |
| BCPC | BALCHEM CORP | 1.58% | $170.78 | -0.49% | +0.19% | +1.51% |
| WLY | WILEY (JOHN) & SONS-CLASS A | 1.57% | $52.04 | -0.46% | +1.07% | +8.98% |
| BMI | BADGER METER INC | 1.56% | $131.86 | +2.21% | +2.65% | -0.86% |
| KWR | QUAKER CHEMICAL CORPORATION | 1.54% | $156.67 | -0.82% | -1.11% | -1.38% |
| NSP | INSPERITY INC | 1.54% | $50.18 | +0.32% | +1.21% | +2.72% |
| UCB | UNITED COMMUNITY BANKS/GA | 1.53% | $35.85 | +1.07% | +8.11% | +6.98% |
| CHCO | CITY HOLDING CO | 1.52% | $140.88 | -0.86% | +0.63% | +1.17% |
| WABC | WESTAMERICA BANCORPORATION | 1.51% | $60.82 | -0.30% | +3.61% | +2.68% |
| MTRN | MATERION CORP | 1.49% | $250.22 | +4.38% | -2.17% | -1.77% |
| NBTB | N B T BANCORP INC | 1.49% | $51.45 | -0.25% | +2.53% | +1.92% |
| SFNC | SIMMONS FIRST NATL CORP-CL A | 1.48% | $22.89 | +0.53% | +3.81% | +0.00% |
| STBA | S & T BANCORP INC | 1.47% | $48.86 | -0.77% | +1.86% | -0.49% |
| UTL | UNITIL CORP | 1.45% | $53.58 | -0.22% | +0.71% | +5.37% |
| OTTR | OTTER TAIL CORP | 1.45% | $89.78 | -0.09% | +0.45% | +0.71% |
| FELE | FRANKLIN ELECTRIC CO INC | 1.45% | $101.24 | +1.05% | +1.38% | +5.13% |
| CPK | CHESAPEAKE UTILITIES CORP | 1.44% | $129.92 | -0.24% | +0.21% | +0.22% |
| INDB | INDEPENDENT BANK CORP/MA | 1.43% | $81.3 | +0.52% | +6.92% | +1.89% |
| BANF | BANCFIRST CORP | 1.42% | $109.73 | -0.39% | +2.81% | +2.57% |
| MSEX | MIDDLESEX WATER CO | 1.42% | $53.63 | -0.76% | -0.02% | -0.04% |
| NWN | NORTHWEST NATURAL HOLDING CO | 1.42% | $48.8 | -0.18% | -0.29% | +3.32% |
| LKFN | LAKELAND FINANCIAL CORP | 1.42% | $58.02 | -0.97% | +1.75% | -0.58% |
| AWR | AMERICAN STATES WATER CO | 1.41% | $82.14 | -1.20% | -0.38% | -1.32% |
| LNN | LINDSAY CORP | 1.40% | $106.59 | -0.21% | -4.90% | -7.99% |
| TR | TOOTSIE ROLL INDS | 1.38% | $36.4 | -1.36% | -4.79% | -4.13% |
| SFBS | SERVISFIRST BANCSHARES INC | 1.38% | $39.79 | +0.51% | +4.52% | -3.35% |
| HFWA | HERITAGE FINANCIAL CORP | 1.37% | $27.68 | -0.61% | +2.98% | -0.97% |
| EMN | EASTMAN CHEMICAL CO | 1.37% | $63.5 | +0.00% | +0.99% | -4.94% |
| AUB | ATLANTIC UNION BANKSHARES CO | 1.37% | $38.68 | +1.23% | +3.28% | +1.12% |
| HWKN | HAWKINS INC | 1.36% | $130.3 | -0.53% | -0.60% | +5.09% |
| ALG | ALAMO GROUP INC | 1.36% | $148.5 | -0.30% | -3.53% | -9.80% |
| CBU | COMMUNITY FINANCIAL SYSTEM I | 1.35% | $60.74 | -0.12% | +2.88% | +0.08% |
| HMN | HORACE MANN EDUCATORS | 1.35% | $46.35 | -0.24% | +1.31% | -0.41% |
| FUL | H.B. FULLER CO. | 1.35% | $50.66 | +0.18% | +0.46% | +0.90% |
| CWT | CALIFORNIA WATER SERVICE GRP | 1.35% | $45.91 | -1.21% | +0.20% | -0.35% |
| TRNO | TERRENO REALTY CORP | 1.34% | $65.56 | +0.43% | +1.16% | -0.70% |
| BRC | BRADY CORPORATION - CL A | 1.32% | $82.34 | -0.90% | -1.57% | -1.77% |
| NPO | ENPRO INC | 1.32% | $294.14 | +1.59% | +0.04% | -3.71% |