Investing.comT3·8mo ago
SOXS Direxion Daily Semiconductor Bear 3X ETF
ETF 48.06 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.
SOXS
$48.06
—
Key stats
$48.06
Pre-market
$46.31
-3.48%
- 52-Week Range
- $28.46 – $1030.00
- YTD
- -91.26%
- IV Rank (30D)
- 21.13
- Straddle Price
- $14.27
- P/C Vol Ratio
- 1.55
- Open
- $51.03
- Day Range
- $46.47 – $52.09
- Volume
- 66,039,262
- Prev Close
- $52.46
About
Direxion Daily Semiconductor Bear 3X ETF (SOXS) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2010-03-11
- Has Options
- Yes
Fund profile
holdings as of Oct 26, 2026issuer datathrough Jul 2026flows, SEC filings
Resets to −3x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from −3x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- —
- Assets
- $3.8B shares × price, Oct 26, 2026
- Trailing yield
- 1.67% paid quarterly
- Average daily volume
- $2.9B 30 sessions
- Holdings
- 12 top 10 are 0.0%
- Listed
- Mar 11, 2010 NYSE Arca
Costn/a
Liquidity100
Scale96
Diversificationn/a
Moves with. Emerging markets over US (30% of its variance, beta -3.39); US large-cap stocks (29% of its variance, beta -4.37); Value over growth (21% of its variance, beta 2.54); Small caps over large (4% of its variance, beta -2.21). These factors explain 80% of its daily moves over the last year.
All 12 holdingsFlow historyOverlap toolAll Inverse Equity ETFs
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$606M latest reported month
- Latest 3 months
- +$1.0B +64.6% of assets
- Latest 12 months
- +$4.3B +264.4% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$606M |
| Jun 2026 | +$334M |
| May 2026 | +$1.3B |
| Apr 2026 | +$2.5B |
| Mar 2026 | −$404M |
| Feb 2026 | −$206K |
| Jan 2026 | +$522M |
| Dec 2025 | +$89M |
| Nov 2025 | −$233M |
| Oct 2025 | +$377M |
| Sep 2025 | +$295M |
| Aug 2025 | +$35M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SQQQProShares UltraPro Short QQQ | — | 0.95% | $1.9B | −46.7% | compare |
| SHProShares Short S&P500 | — | 0.89% | $926M | −11.8% | compare |
| PSQProShares Short QQQ | — | 0.95% | $630M | −15.5% | compare |
| SPXUProShares UltraPro Short S&P 500 | — | 0.89% | $415M | −34.4% | compare |
| SDSProShares UltraShort S&P500 | — | 0.89% | $374M | −23.6% | compare |
The largest other funds in the Inverse Equity category.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 8 active of 8 with agreements; top 3 did 90%
- Created · redeemed
- $8.8B · $7.4B over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- Diversification status
- Non-diversified may concentrate in fewer issuers
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 2026-10-26
Holdings
12
AUM
$-9,800,924,871
Provider
Direxion
Inception
2010-03-11
Exchange
ARCX
Data As Of
2026-10-26
Expense Ratio
—
Dividend Yield
1.67%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-22 | 2026-09-29 | $0.4364 | CD |
| 2026-06-23 | 2026-06-30 | $0.0375 | CD |
| 2026-03-24 | 2026-03-31 | $0.2868 | CD |
| 2025-12-23 | 2025-12-31 | $0.0409 | CD |
| 2025-09-23 | 2025-09-30 | $0.0563 | CD |
| 2025-06-24 | 2025-07-01 | $0.0561 | CD |
Asset Allocation
Top Holdings
top 12 of 12 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | DREYFUS GOVT CASH MAN INS | 38.22% | Cash/Money Market | — |
| — | GOLDMAN FINL SQ TRSRY INST 506 | 23.87% | Cash/Money Market | — |
| — | DREYFUS TRSRY SECURITIES CASH MGMT | 16.51% | Cash/Money Market | — |
| — | GOLDMAN SACHS FIN GOV 465 INSTITUT | 16.36% | Cash/Money Market | — |
| — | ICESEMI SWAP ASSET LEG | -3.58% | Derivative | — |
| — | ICESEMI SWAP ASSET LEG | -5.11% | Derivative | — |
| — | ICESEMI SWAP ASSET LEG | -19.80% | Derivative | — |
| — | ICESEMI SWAP ASSET LEG | -24.70% | Derivative | — |
| — | ICESEMI SWAP ASSET LEG | -37.62% | Derivative | — |
| — | ICESEMI SWAP ASSET LEG | -40.89% | Derivative | — |
| — | ICESEMI SWAP ASSET LEG | -71.63% | Derivative | — |
| — | ICESEMI SWAP ASSET LEG | -96.65% | Derivative | — |
Non-Equity Breakdown
Direxion Daily Semiconductor Bear 3X Shares ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$1.61B
· 12 total positions
· equity 0.00%
· non-equity 95.28%
Non-equity holdings
— 12 positions,
95.28% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 104.72% | $1.69B | 4 |
| DO | -9.44% | $-152357830 | 8 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -14.86% | 40.06% | -41.13% | -16.80% | -6.83% | -28.36% | -11.32% |
| Feb | -12.73% | -2.29% | 8.03% | -28.17% | 5.49% | -3.24% | -5.49% |
| Mar | -9.03% | -20.51% | -25.59% | -3.31% | 14.77% | 11.34% | -5.39% |
| Apr | 9.30% | 42.17% | 21.91% | 17.59% | -34.88% | -63.32% | -1.21% |
| May | -14.62% | -19.30% | -38.29% | -31.54% | -31.61% | -51.23% | -31.10% |
| Jun | -16.92% | 55.02% | -15.35% | -17.11% | -36.22% | -48.24% | -13.14% |
| Jul | -7.71% | -46.79% | -14.24% | 3.08% | -3.50% | 40.60% | -4.76% |
| Aug | -5.83% | 24.28% | 12.04% | -22.45% | -10.86% | -7.65% | -1.74% |
| Sep | 10.62% | 38.96% | 22.54% | -25.19% | -29.66% | -36.65% | -3.23% |
| Oct | -18.79% | -5.29% | 22.71% | 5.10% | -32.24% | 51.07%* | 3.76% |
| Nov | -28.10% | -48.30% | -32.88% | 5.44% | 4.89% | -- | -19.79% |
| Dec | -15.14% | 28.66% | -30.22% | 2.88% | -8.75% | -- | -4.51% |
| Total | -75.04% | 12.01% | -79.61% | -73.71% | -87.43% | -91.12% | -65.82% |
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: $39.39
SMA 50: $42.47
SMA 200: $164.71
Current: $47.98
EMA 12: $45.32
EMA 26: $42.51
MACD: 2.8103 | Signal: 1.8018
BULLISH
ADX (14): 24.37
WEAK TREND
+DI: 34.70
−DI: 19.83
Momentum Oscillators
RSI (14): 57.82
NEUTRAL
Stoch %K: 87.47
Stoch %D: 86.74
Williams %R: -26.80
Volume & Volatility
BB Upper: $55.30
BB Lower: $23.49
NEUTRAL
OBV: -424,950,518
Vol SMA 20: 77,556,909
Vol ROC: 13.00%
ATR: $4.55
True Range: $5.99
HV 20: 115.8%
HV 30: 119.6%
HV 60: 119.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
SOXS Stock Analysis Report
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 7/10
Key Drivers & Primary Risks:
- SOXS is a 3x inverse leveraged ETF designed to profit from semiconductor sector declines, currently benefiting from recent weakness in chip stocks
- Extreme volatility (HV60: 135.0%) and negative beta (-7.76) create structural complexity; daily reset mechanics mean buy-and-hold investors face decay
- Recent fund outflows (-$606M in latest month despite strong 12-month inflows) suggest institutional rotation away from bearish positioning
Investment Thesis: SOXS has surged to $45.83 on semiconductor sector weakness, but technical overbought conditions (Stochastic at 86.84, price 32% above 200-day MA) combined with deteriorating volume (-67% volume rate of change) and negative MACD histogram (-2.20) signal momentum exhaustion. The fund's sharp recent appreciation conflicts with its structural design as a tactical hedge rather than a buy-and-hold vehicle; aggressive positioning into leveraged inverse products at extreme overbought levels historically precedes rapid reversals.
Recent News Sentiment Impact: News headlines are dated and conflicted—the most recent (Feb 23, 2026) references bearish sentiment generally, while older positive articles (Feb 29, 2024) about semiconductor rallies predate current moves. The "5 Worst Performing ETFs" article suggests SOXS may have been benefiting from semiconductor underperformance, but the absence of current catalyst-driven headlines limits conviction. Data quality concern: news dates span nearly 2 years with significant gaps; cannot reliably assess current catalyst alignment.
Technical Analysis
Trend Direction
- Short-term (1-4 weeks): BULLISH — Price $45.83 sits well above SMA20 ($34.72) and SMA50 ($41.62); momentum remains positive despite overbought readings
- Medium-term (1-3 months): NEUTRAL-TO-BEARISH — Price is 32% above SMA200 ($179.15), which is an extremely unusual disparity suggesting either data anomaly or extraordinary move; ADX (18.94) indicates weak trend strength in a range environment
- Long-term (3-12 months): BEARISH — Fund has experienced extreme volatility (HV60 135%) and structural decay from daily reset; -3x leverage amplifies losses in sideways markets
Support/Resistance Levels
- Immediate Resistance: $43.65 (Bollinger Band upper); price currently trading $2.18 above
- Critical Support: $41.62 (SMA50) — loss of this level would suggest trend reversal
- Secondary Support: $34.72 (SMA20) — represents recent baseline
- Extreme Support (if valid): $25.79 (Bollinger Band lower)
Data Quality Flag: The SMA200 at $179.15 appears anomalous given current price of $45.83. This suggests either: (1) the 200-day MA calculation uses different methodology, (2) the fund has experienced a massive structural adjustment, or (3) data misalignment. This significantly undermines medium-to-long-term trend analysis confidence.
Momentum Signals
RSI (14): 63.70 (Neutral-to-Overbought Boundary)
- Just shy of overbought threshold (>70), indicating strength but not yet extreme exhaustion
- Positioned in upper-neutral range; suggests upside momentum can continue but with elevated reversal risk
MACD: -0.20 / Signal: 2.00 / Histogram: -2.20 (BEARISH)
- Negative histogram (-2.20) indicates bearish divergence—EMA12 ($38.33) remains below EMA26 ($38.53)
- MACD line below signal line confirms negative momentum; this is the most concerning technical signal and contradicts RSI strength
- Suggests momentum peak may have occurred; deterioration ahead likely
Stochastic Oscillators: %K 86.84 / %D 85.72 (SEVERELY OVERBOUGHT)
- Both components in extreme overbought territory (>80); historically precedes mean reversion
- Williams %R (-12.76) confirms extreme overbought conditions
- High probability of pullback within 1-2 weeks
Bollinger Bands: OVERBOUGHT
- Price at $45.83 trading above upper band ($43.65) by 5%
- Width (51.44) suggests elevated volatility; combined with overbought position indicates squeeze breakout that has run, with mean reversion likely
Volume Analysis
Critical Weakness:
- Volume Rate of Change: -67.11% — dramatic collapse in trading volume
- Volume SMA 20: 77.48M vs current implied volume: severely below average
- On-Balance Volume (OBV): -376M (negative) — indicates net selling pressure despite price appreciation; classic divergence signal
Interpretation: The combination of rising price + collapsing volume + negative OBV is a major red flag. This suggests:
- Recent rally driven by thin liquidity (potential vacuum-up move)
- Institutional participation declining despite higher prices
- Breakout lacks conviction; vulnerable to reversal on volume spike down
News & Sentiment Analysis
Recent Headlines Summary
Latest Article (Feb 23, 2026 - dated forward, likely error):
- "Feeling Bearish? Try These ETFs That Take a Contrarian Approach" — generic reference to bearish instruments; SOXS would fit category but no specific catalyst mentioned
Older Articles (2024-2025):
- Semiconductor sector showed mixed performance: SOXL (3x long semiconductor) rallied post-Fed (May 2024), but Taiwan Semi weakness post-Xi statements (March 2024)
- SOXS would have benefited from semiconductor underperformance, but no recent catalyst articles specific to current move
Sentiment Assessment: MIXED-TO-NEUTRAL
- Negative sentiment (2 articles): References to bearish positioning and worst-performing ETFs suggest semiconductor weakness, benefiting SOXS
- Positive sentiment (1 article): Semiconductor rally headline contradicts current price action
- Neutral sentiment (3 articles): Geopolitical and Fed-related news with indirect impact
Critical Data Quality Issue: Oldest article is dated 2024-02-29 (nearly 2 years old), while newest claims 2026-02-23 (future date). This suggests either data error or reporting lag. Cannot reliably identify current catalysts.
Catalyst Identification
- Immediate (1-7 days): None identified from news
- Near-term (1-4 weeks): Semiconductor earnings season (typically late April for April quarter) — if major chip makers beat, negative for SOXS
- Medium-term (1-3 months): Fed policy direction, geopolitical tensions affecting Taiwan, AI/GPU cycle momentum
Market Narrative Conflict
Technical vs. News Misalignment:
- Technical analysis screams "overbought reversal incoming" (Stochastic 86.84, MACD negative, volume collapsing)
- News backdrop is dated and lacks recent catalyst specificity
- This lack of current narrative support for the rally is itself bearish—moves without fresh catalysts typically reverse quickly
Risk & Volatility Assessment
Beta Interpretation: CRITICAL STRUCTURAL ISSUE
Beta: -7.76 (vs SPY)
This extreme negative beta is the defining characteristic:
- Fund is designed to move 3x inverse to semiconductor index; if semiconductors rally 1%, SOXS should decline ~3%
- Current rally in SOXS (+32% from 200-day MA) reflects severe underperformance in semiconductor sector
- Inverse leverage creates "return decay" in sideways markets: daily reset means volatility compresses gains in choppy trading
- Correlation (-0.72): Moderate inverse correlation to SPY (market-wide), but primary driver is semiconductor sector moves
Volatility Regime: EXTREMELY ELEVATED
| Metric | Value | Interpretation | |--------|-------|-----------------| | HV20 | 104.9% | Extreme 20-day volatility | | HV30 | 114.4% | Extreme annualized volatility (11%+ daily moves) | | HV60 | 135.0% | Historically elevated | | IV Premium vs HV | +4.1% | Implied vol slightly richer than realized; modest premium | | ATR | $3
Generated
News
All SOXS news →
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Showing 1–10 of 50
Page 1 of 5
SOXS Options Activity & IV Rank
SOXS IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 127.7%
7-DTE IV: 137.2%
Expected Move: $14.27
7-DTE Move: $6.04
Days to Exp: 32 (2026-11-27)
Options Flow
Call Volume: 534
Put Volume: 830
P/C Volume: 1.554
BEARISH
Call OI: 1,889
Put OI: 1,698
P/C OI: 0.899
Total OI: 3,587
ATM Options Pricing
ATM Call: $7.30
ATM Put: $6.97
Call %: 15.2%
Put %: 14.5%
Chain Summary
Chain Volume: 56,981
Chain OI: 573,139
Last Updated: 10/26/2026
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 82nd percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
82%
vs own history
GEX tilt
+0.61
OI-weighted, today
Vanna tilt
+0.90
δ-sensitivity to IV
Charm tilt
-0.39
δ-decay vs time
Vanna tilt +0.90: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.39: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 239 ATM contracts, 60k 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
57%
+1.6
pts
EXTREME
as of Oct 26 · ATM 130.1% / Wing 131.7%
30 DTE / 10d
34%
-6.3
pts
EXTREME
as of Oct 26 · ATM 127.4% / Wing 121.1%
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)36.9MediumOct 26
IV Rank (30 DTE)21.1LowOct 26
Straddle Price (30 DTE)$14.27Oct 26
Beta Analysis
Risk Metrics
Beta: -7.9005
Alpha: -73.81%
Correlation: -0.7249
R-Squared: 52.5%
Stock Volatility: 138.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
SOXS 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.
2 filers$3.74M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wolverine Trading, LLC Custodian | $3.73M | 99.94% | 2025-09-30 |
| 2 | HAP TRADING, LLC | $2.33K | 0.06% | 2025-09-30 |
1 filers$1.84M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wolverine Trading, LLC Custodian | $1.84M | 100.00% | 2025-09-30 |
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
8.55M
SI % of Float
10.81%
Days to Cover
1.00
Short Vol Ratio
36.2%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-26
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|