SPIT F/m Emerald Special Situations ETF
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F/m Emerald Special Situations ETF (SPIT) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2014-08-01
- Has Options
- No
- Expense ratio
- 0.90% prospectus, filed Sep 8, 2026
- Assets
- $33M SEC filing, Jul 31, 2026
- Trailing yield
- 6.62% paid annual
- Average daily volume
- $172K 30 sessions
- Holdings
- 49 top 10 are 34.6%
- Listed
- Aug 1, 2014 Nasdaq
- Last fee change
- +1 bp filed Aug 31, 2026
Moves with. US large-cap stocks (28% of its variance, beta 0.77); Value over growth (26% of its variance, beta -0.71); Small caps over large (19% of its variance, beta 1.13); High yield over Treasuries (3% of its variance, beta 0.63). These factors explain 77% of its daily moves over the last year.
Stated objective. The investment objective of the F/m Emerald Special Situations ETF (the Fund) is to seek long-term growth through capital appreciation. (from the fund's prospectus)
All 49 holdingsFlow historySimilar fundsOverlap toolAll Merger Arbitrage & Event ETFs
- Jul 2026
- +$2.0M latest reported month
- Latest 3 months
- +$4.0M +12.1% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$2.0M |
| Jun 2026 | +$1.3M |
| May 2026 | +$703K |
| Apr 2026 | +$531K |
| Mar 2026 | +$1.1M |
| Feb 2026 | +$288K |
| Jan 2026 | +$3.9M |
| Dec 2025 | +$538K |
| Nov 2025 | +$239K |
| Oct 2025 | +$547K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 10 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| LFSCF/m Emerald Life Sciences Innovation ETF | 21% | 0.54% | $126M | +42.8% | compare |
| FFNDOne Global ETF | 14% | 0.98% | $92M | +2.5% | compare |
| ARKQARK Autonomous Technology & Robotics ETF | 12% | 0.75% | $1.6B | −11.7% | compare |
| FRTYAlger Mid Cap 40 ETF | 12% | 0.60% | $129M | −8.5% | compare |
| JTEKJPMorgan U.S. Tech Leaders ETF | 11% | 0.65% | $4.0B | −8.4% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +11.5% 49% under, 23% over · 91% covered
- Price / earnings
- 299.8 27% loss-making · 88% covered
- Price / book · sales
- 3.2 · 2.7 revenue growth +15.9%
- Above 200-day average
- 34% 30% above 50-day · by weight
- Short interest
- 9.5% of float, weighted · 5.3 days to cover
- Insider buying
- 16% of weight had net insider buying, 90 days; 56% net selling
- 13F holders
- +6.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 10.7% of weight in 7 days; 15.2% in 14
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.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | CORTCorcept Therapeutics Inc | 1.65% | 5.38% | +36.4% |
| Decrease | Credo Technology Group Holding | 6.44% | 3.04% | −59.1% |
| Decrease | BEBloom Energy Corp | 3.81% | 1.15% | −57.2% |
| Exit | LITELumentum Holdings Inc | 2.22% | — | — |
| Exit | KALVKalVista Pharmaceuticals Inc | 1.89% | — | — |
| Exit | Golar LNG Ltd | 1.80% | — | — |
| Exit | MPMP Materials Corp | 1.64% | — | — |
| New position | PEverpure Inc | — | 1.58% | — |
| New position | NVDANVIDIA Corp | — | 1.48% | — |
| New position | WaVe Life Sciences Ltd | — | 1.43% | — |
5 new, 6 exited, 20 increased and 6 decreased between the fund's two latest holdings reports; turnover 23.8%. Full holdings and history
- Authorized participants
- 2 active of 2 with agreements; top 3 did 100%
- Created · redeemed
- $24M · $16M over the fiscal year
- Redemptions in kind
- 91% creations 72% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-11-13 | 2025-11-14 | $1.8627 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| CORT | Corcept Therapeutics Inc | 5.38% | Equity (common) | US |
| TTI | TETRA Technologies Inc | 3.95% | Equity (common) | US |
| AMZN | Amazon.com Inc | 3.89% | Equity (common) | US |
| GH | Guardant Health Inc | 3.59% | Equity (common) | US |
| — | LivaNova PLC | 3.14% | Equity (common) | GB |
| EE | Excelerate Energy Inc | 3.09% | Equity (common) | US |
| — | Credo Technology Group Holding | 3.04% | Equity (common) | US |
| ARLO | Arlo Technologies Inc | 3.04% | Equity (common) | US |
| TTWO | Take-Two Interactive Software | 2.77% | Equity (common) | US |
| SKWD | Skyward Specialty Insurance Gr | 2.72% | Equity (common) | US |
| TVTX | Travere Therapeutics Inc | 2.66% | Equity (common) | US |
| CDNL | Cardinal Infrastructure Group | 2.63% | Equity (common) | US |
| IDCC | InterDigital Inc | 2.39% | Equity (common) | US |
| SEI | Solaris Energy Infrastructure | 2.35% | Equity (common) | US |
| LASR | nLight Inc | 2.34% | Equity (common) | US |
| CVLT | Commvault Systems Inc | 2.31% | Equity (common) | US |
| AVAV | AeroVironment Inc | 2.29% | Equity (common) | US |
| BIIB | Biogen Inc | 2.19% | Equity (common) | US |
| MOD | Modine Manufacturing Co | 2.13% | Equity (common) | US |
| TMDX | TransMedics Group Inc | 2.09% | Equity (common) | US |
| AVGO | Broadcom Inc | 2.07% | Equity (common) | US |
| NKTR | Nektar Therapeutics | 2.05% | Equity (common) | US |
| FRPT | Freshpet Inc | 2.01% | Equity (common) | US |
| SBUX | Starbucks Corp | 1.98% | Equity (common) | US |
| MTZ | MasTec Inc | 1.98% | Equity (common) | US |
| RBIL | F/m Ultrashort Treasury Inflat | 1.88% | Equity (common) | US |
| PLMR | Palomar Holdings Inc | 1.85% | Equity (common) | US |
| MRCY | Mercury Systems Inc | 1.84% | Equity (common) | US |
| FICO | Fair Isaac Corp | 1.81% | Equity (common) | US |
| AMSC | American Superconductor Corp | 1.78% | Equity (common) | US |
| MDB | MongoDB Inc | 1.71% | Equity (common) | US |
| KTOS | Kratos Defense & Security Solu | 1.62% | Equity (common) | US |
| INSM | Insmed Inc | 1.60% | Equity (common) | US |
| P | Everpure Inc | 1.58% | Equity (common) | US |
| NVDA | NVIDIA Corp | 1.48% | Equity (common) | US |
| — | WaVe Life Sciences Ltd | 1.43% | Equity (common) | SG |
| BWXT | BWX Technologies Inc | 1.42% | Equity (common) | US |
| ACLS | Axcelis Technologies Inc | 1.35% | Equity (common) | US |
| U | Unity Software Inc | 1.34% | Equity (common) | US |
| MATW | Matthews International Corp | 1.30% | Equity (common) | US |
| BLLN | Billiontoone Inc | 1.21% | Equity (common) | US |
| BA | Boeing Co/The | 1.17% | Equity (common) | US |
| INDI | indie Semiconductor Inc | 1.16% | Equity (common) | US |
| BE | Bloom Energy Corp | 1.15% | Equity (common) | US |
| — | FTAI Aviation Ltd | 1.13% | Equity (common) | US |
| TSSI | TSS Inc/MD | 0.90% | Equity (common) | US |
| PXLW | Pixelworks Inc | 0.78% | Equity (common) | US |
| SOC | Sable Offshore Corp | 0.48% | Equity (common) | US |
| — | U.S. Bank Money Market Deposit Account | 0.00% | Short-term investment | US |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 4.89% | 4.89% |
| Feb | -- | 1.45% | 1.45% |
| Mar | -- | -7.56% | -7.56% |
| Apr | -- | 17.04% | 17.04% |
| May | -- | 3.86% | 3.86% |
| Jun | -- | 6.10% | 6.10% |
| Jul | -- | -5.03% | -5.03% |
| Aug | -- | -3.18% | -3.18% |
| Sep | -- | -2.22% | -2.22% |
| Oct | 7.10% | -5.34% | 0.88% |
| Nov | -8.01% | 2.73%* | -2.64% |
| Dec | 1.05% | -- | 1.05% |
| Total | -0.44% | 10.92% | 5.24% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: SPIT
Executive Summary:
BULLISH (Confidence Level: 7/10)
Key Drivers:
- Technical indicators suggest a range-bound market with potential for a bounce
- High volatility, indicating potential for a significant move
Primary Risks:
- Bearish momentum signals from MACD and RSI
- Volatility regime suggests high risk of further price swings
Investment Thesis: SPIT is poised to break out of its current trading range, driven by underlying technical strength. However, the high volatility and bearish momentum signals suggest a need for caution.
Recent News Sentiment Impact: No recent news available. Focus on technical analysis and market context.
Technical Analysis:
Trend Direction: Short-term: Range-bound Medium-term: Neutral (not trending) Long-term: Bearish (descending trend)
Support/Resistance Levels:
- SMA 20: $32.91 (support)
- SMA 50: $33.06 (resistance)
- Upper Bollinger Band: $35.00 (resistance)
- Lower Bollinger Band: $30.82 (support)
Momentum Signals:
- RSI: Neutral (41.99) - no clear buy/sell signal
- MACD: Bearish (crossover below signal line) - suggests potential for further decline
Volume Analysis:
- Volume SMA 20: 4986.10 (increasing)
- OBV: 173418.83 (neutral)
- Volume Rate of Change: -63.62% (bearish)
News & Sentiment Analysis:
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Neutral
Catalyst Identification: None identified.
Market Narrative: Focus on technical analysis and market context due to lack of recent news.
Risk & Volatility Assessment:
Beta Interpretation: High risk (beta = 1.62)
Volatility Regime: High volatility (stock moves more than market)
Options Market Signals: No options data available.
Downside Protection: Support levels at SMA 20 and Lower Bollinger Band; consider stop-losses and position sizing considerations.
Market Context & Positioning:
Sector Performance: Neutral (SPIT's sector is neutral) Institutional Activity: No volume patterns suggesting institutional interest. Correlation Analysis: SPIT is highly correlated with the market (R-squared = 0.92). Relative Valuation: SPIT is trading within a range, with no clear value proposition.
Key Levels & Action Items:
- Critical Price Levels: SMA 20 ($32.91) and Lower Bollinger Band ($30.82)
- Breakout/Breakdown Levels: Upper Bollinger Band ($35.00) and SMA 50 ($33.06)
- Time-Sensitive Catalysts: None identified.
- Risk Management: Consider stop-losses at SMA 20 and position sizing considerations.
Additional Comments: The high volatility and bearish momentum signals suggest a need for caution, even in the face of technical strength. Focus on risk management and potential upside opportunities.
SPIT Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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 →
Scanning bull put, bear call, iron condor and calendar spreads…
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.
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.
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.
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.
Loading the implied volatility surface…
Loading the implied volatility smile…
Risk Metrics
Analysis Details
Data Points: 250
Period: 252 trading days
High volatility - stock moves more than market
SPIT Institutional Ownership (13F)
Filings for 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 |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| CORT | Corcept Therapeutics Inc | 5.38% | $75.03 | +3.10% | -6.75% | -38.09% |
| TTI | TETRA Technologies Inc | 3.95% | $6.14 | +2.33% | +11.03% | +0.49% |
| AMZN | Amazon.com Inc | 3.89% | $266.93 | +2.94% | +8.67% | +2.85% |
| GH | Guardant Health Inc | 3.59% | $158.79 | +5.25% | -6.99% | -2.46% |
| EE | Excelerate Energy Inc | 3.09% | $37.25 | +1.20% | +7.91% | +4.84% |
| ARLO | Arlo Technologies Inc | 3.04% | $12.14 | -1.62% | -14.08% | +0.25% |
| TTWO | Take-Two Interactive Software | 2.77% | $207.4 | -3.48% | +7.96% | -0.68% |
| SKWD | Skyward Specialty Insurance Gr | 2.72% | $59.8 | -0.91% | -2.18% | -0.13% |
| TVTX | Travere Therapeutics Inc | 2.66% | $51.63 | +4.09% | +4.81% | -0.75% |
| CDNL | Cardinal Infrastructure Group | 2.63% | $15.23 | +4.60% | -1.10% | -27.20% |
| IDCC | InterDigital Inc | 2.39% | $294.11 | +3.10% | -6.91% | -10.37% |
| SEI | Solaris Energy Infrastructure | 2.35% | $62.61 | +8.38% | -4.27% | -21.03% |
| LASR | nLight Inc | 2.34% | $43.21 | +13.65% | +20.80% | +12.97% |
| CVLT | Commvault Systems Inc | 2.31% | $166.21 | +4.96% | +5.30% | +6.98% |
| AVAV | AeroVironment Inc | 2.29% | $126.96 | +12.59% | +3.15% | -3.46% |
| BIIB | Biogen Inc | 2.19% | $254.87 | +2.63% | +2.35% | +11.10% |
| MOD | Modine Manufacturing Co | 2.13% | $106.15 | +9.87% | -13.94% | -38.46% |
| TMDX | TransMedics Group Inc | 2.09% | $93.79 | +6.29% | +40.68% | +19.98% |
| AVGO | Broadcom Inc | 2.07% | $319.48 | +8.78% | -0.85% | -9.94% |
| NKTR | Nektar Therapeutics | 2.05% | $37.83 | +1.52% | +2.37% | -5.06% |
| FRPT | Freshpet Inc | 2.01% | $67.35 | +4.60% | -3.26% | +3.20% |
| SBUX | Starbucks Corp | 1.98% | $109.44 | +3.82% | +4.83% | +18.59% |
| MTZ | MasTec Inc | 1.98% | $189.05 | +8.59% | -2.44% | -8.61% |
| RBIL | F/m Ultrashort Treasury Inflat | 1.88% | $49.87 | -0.09% | -0.17% | -0.40% |
| PLMR | Palomar Holdings Inc | 1.85% | $156.78 | +0.69% | +8.11% | +16.80% |
| MRCY | Mercury Systems Inc | 1.84% | $79.62 | +8.25% | +2.91% | +2.51% |
| FICO | Fair Isaac Corp | 1.81% | $723.76 | +2.73% | -0.06% | -2.19% |
| AMSC | American Superconductor Corp | 1.78% | $25.33 | +8.29% | -3.87% | -14.41% |
| MDB | MongoDB Inc | 1.71% | $327.37 | +4.65% | -0.93% | -14.14% |
| KTOS | Kratos Defense & Security Solu | 1.62% | $37.69 | +7.38% | -6.31% | -9.44% |
| INSM | Insmed Inc | 1.60% | $116.1 | +1.48% | +6.21% | +17.80% |
| P | Everpure Inc | 1.58% | $102.84 | +6.29% | -9.62% | -33.78% |
| NVDA | NVIDIA Corp | 1.48% | $178.67 | -4.27% | -11.58% | -21.05% |
| BWXT | BWX Technologies Inc | 1.42% | $127.99 | +7.09% | -1.90% | -8.53% |
| ACLS | Axcelis Technologies Inc | 1.35% | $107.64 | +8.46% | +13.13% | -15.66% |
| U | Unity Software Inc | 1.34% | $51.43 | -0.12% | +32.31% | +10.18% |
| MATW | Matthews International Corp | 1.30% | $19.68 | +1.81% | -1.11% | +5.58% |
| BLLN | Billiontoone Inc | 1.20% | $114.95 | +0.89% | +4.11% | +23.51% |
| BA | Boeing Co/The | 1.17% | $172.38 | -0.59% | -1.72% | -9.03% |
| INDI | indie Semiconductor Inc | 1.16% | $2.2 | +21.55% | +46.18% | -5.38% |
| BE | Bloom Energy Corp | 1.15% | $193.88 | +11.91% | -1.21% | -26.08% |
| TSSI | TSS Inc/MD | 0.90% | $7.1 | +5.97% | +5.34% | -22.99% |
| PXLW | Pixelworks Inc | 0.78% | $5.21 | +3.06% | +4.30% | -9.78% |
| SOC | Sable Offshore Corp | 0.48% | $0.88 | -54.40% | -64.22% | -76.40% |