Zacks Investment ResearchT3·17d ago
SPLV Invesco S&P 500 Low Volatility ETF
ETF 76.17 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.
SPLV
$76.17
—
Key stats
$76.17
After hours
$76.17
+0.00%
- 52-Week Range
- $69.63 – $78.82
- YTD
- +6.97%
- IV Rank (30D)
- 21.19
- Straddle Price
- $2.67
- P/C Vol Ratio
- 1.02
- Open
- $74.69
- Day Range
- $74.66 – $76.20
- Volume
- 3,809,724
- Prev Close
- $74.54
About
Invesco S&P 500 Low Volatility ETF (SPLV) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2011-05-05
- Has Options
- Yes
- Homepage
- https://www.invesco.com/us/etfs
Fund profile
holdings as of Oct 20, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.25% prospectus, filed Dec 18, 2025
- Assets
- $7.2B shares × price, Oct 21, 2026
- Trailing yield
- 2.22% paid monthly
- Average daily volume
- $135M 30 sessions
- Holdings
- 110 top 10 are 12.7%
- Listed
- May 5, 2011 NYSE Arca
- Tracking difference
- -0.27 pts vs index, after fees, FY 2025
Cost72
Liquidity100
Scale100
Diversification100
Moves with. Value over growth (52% of its variance, beta 0.63); Emerging markets over US (4% of its variance, beta -0.10); Long Treasuries (4% of its variance, beta 0.17). These factors explain 64% of its daily moves over the last year.
Stated objective. The Invesco S&P 500 Low Volatility ETF (the Fund) seeks to track the investment results (before fees and expenses) of the S&P 500 Low Volatility Index (the Underlying Index). (from the fund's prospectus)
All 110 holdingsFlow historySimilar fundsOverlap toolAll Low Volatility ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$112M latest reported month
- Latest 3 months
- −$839M −12.2% of assets
- Latest 12 months
- −$990M −14.3% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$112M |
| Apr 2026 | −$202M |
| Mar 2026 | −$525M |
| Feb 2026 | +$356M |
| Jan 2026 | +$37M |
| Dec 2025 | −$191M |
| Nov 2025 | +$110M |
| Oct 2025 | −$293M |
| Sep 2025 | −$71M |
| Aug 2025 | +$79M |
| Jul 2025 | +$107M |
| Jun 2025 | −$285M |
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 | |
|---|---|---|---|---|---|
| ALTLPacer Lunt Large Cap Alternator ETF | 71% | 0.60% | $76M | −5.4% | compare |
| HUSVFirst Trust Horizon Managed Volatility Domestic ETF | 56% | 0.70% | $55M | +4.0% | compare |
| LGLVState Street SPDR US Large Cap Low Volatility Index ETF | 44% | 0.12% | $1.2B | +4.6% | compare |
| LVHDFranklin U.S. Low Volatility High Dividend Index ETF | 35% | 0.27% | $618M | +5.8% | compare |
| RBLDFirst Trust Alerian US NextGen Infrastructure ETF | 34% | 0.65% | $42M | +10.9% | 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
- +1.2% 26% under, 35% over · 99% covered
- Price / earnings
- 19.8 0% loss-making · 99% covered
- Price / book · sales
- 2.5 · 3.0 revenue growth +4.0%
- Above 200-day average
- 54% 66% above 50-day · by weight
- Short interest
- 3.4% of float, weighted · 4.3 days to cover
- Insider buying
- 13% of weight had net insider buying, 90 days; 51% net selling
- 13F holders
- +2.7% change in shares held by institutions, latest quarter
- Reporting earnings
- 41.3% of weight in 7 days; 76.5% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.31%
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 | WTWWillis Towers Watson PLC | 1.06% | — | — |
| Exit | MRSHMarsh & McLennan Cos., Inc. | 1.01% | — | — |
| Exit | BRBroadridge Financial Solutions, Inc. | 1.00% | — | — |
| Exit | AONAon PLC | 0.99% | — | — |
| New position | HONHoneywell International Inc. | — | 0.98% | — |
| New position | SPGSimon Property Group, Inc. | — | 0.97% | — |
| New position | SRESempra | — | 0.95% | — |
| Exit | AWKAmerican Water Works Co., Inc. | 0.94% | — | — |
| Exit | LHXL3Harris Technologies, Inc. | 0.94% | — | — |
| Exit | EWEdwards Lifesciences Corp. | 0.93% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.3%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 13 active of 41 with agreements; top 3 did 72%
- Created · redeemed
- $4.7B · $4.5B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 3.04% of assets on loan on average; earned 0.3 bp
- Return vs index
- -0.27 pts after fees; -0.00 before; daily s.d. 0.10
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
111
AUM
$7.3B
Provider
Invesco
Inception
2011-05-05
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.25%
Dividend Yield
2.22%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-19 | 2026-10-23 | $0.1464 | CD |
| 2026-09-21 | 2026-09-25 | $0.1424 | CD |
| 2026-08-24 | 2026-08-28 | $0.1418 | CD |
| 2026-07-20 | 2026-07-24 | $0.1414 | CD |
| 2026-06-22 | 2026-06-26 | $0.1377 | CD |
| 2026-05-18 | 2026-05-22 | $0.1361 | CD |
Asset Allocation
Top Holdings
top 50 of 111 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| BRK.B | Berkshire Hathaway Inc | 1.46% | Equity (US) | US |
| WEC | WEC Energy Group Inc | 1.29% | Equity (US) | US |
| DUK | Duke Energy Corp | 1.27% | Equity (US) | US |
| EVRG | Evergy Inc | 1.26% | Equity (US) | US |
| ATO | Atmos Energy Corp | 1.25% | Equity (US) | US |
| FE | FirstEnergy Corp | 1.24% | Equity (US) | US |
| PNW | Pinnacle West Capital Corp | 1.24% | Equity (US) | US |
| REG | Regency Centers Corp | 1.23% | Equity (US) | US |
| CNP | CenterPoint Energy Inc | 1.22% | Equity (US) | US |
| L | Loews Corp | 1.22% | Equity (US) | US |
| LNT | Alliant Energy Corp | 1.22% | Equity (US) | US |
| ED | Consolidated Edison Inc | 1.22% | Equity (US) | US |
| AFL | Aflac Inc | 1.19% | Equity (US) | US |
| RSG | Republic Services Inc | 1.17% | Equity (US) | US |
| SO | Southern Co/The | 1.17% | Equity (US) | US |
| CMS | CMS Energy Corp | 1.17% | Equity (US) | US |
| KO | Coca-Cola Co/The | 1.17% | Equity (US) | US |
| AEE | Ameren Corp | 1.16% | Equity (US) | US |
| PG | Procter & Gamble Co/The | 1.16% | Equity (US) | US |
| LIN | Linde PLC | 1.13% | Equity (Foreign) | IE |
| NI | NiSource Inc | 1.13% | Equity (US) | US |
| PPL | PPL Corp | 1.13% | Equity (US) | US |
| DTE | DTE Energy Co | 1.11% | Equity (US) | US |
| O | Realty Income Corp | 1.11% | Equity (US) | US |
| AEP | American Electric Power Co Inc | 1.10% | Equity (US) | US |
| CB | Chubb Ltd | 1.10% | Equity (Foreign) | CH |
| JNJ | Johnson & Johnson | 1.09% | Equity (US) | US |
| COST | Costco Wholesale Corp | 1.07% | Equity (US) | US |
| FRT | Federal Realty Investment Trust | 1.07% | Equity (US) | US |
| KMI | Kinder Morgan Inc | 1.07% | Equity (US) | US |
| TRV | Travelers Cos Inc/The | 1.05% | Equity (US) | US |
| HIG | Hartford Insurance Group Inc/The | 1.05% | Equity (US) | US |
| V | Visa Inc | 1.05% | Equity (US) | US |
| KIM | Kimco Realty Corp | 1.03% | Equity (US) | US |
| XEL | Xcel Energy Inc | 1.03% | Equity (US) | US |
| WM | Waste Management Inc | 1.03% | Equity (US) | US |
| CVX | Chevron Corp | 1.02% | Equity (US) | US |
| MA | Mastercard Inc | 1.01% | Equity (US) | US |
| EXC | Exelon Corp | 1.01% | Equity (US) | US |
| PEG | Public Service Enterprise Group Inc | 1.00% | Equity (US) | US |
| MCD | McDonald's Corp | 1.00% | Equity (US) | US |
| NDSN | Nordson Corp | 1.00% | Equity (US) | US |
| VICI | VICI Properties Inc | 1.00% | Equity (US) | US |
| TJX | TJX Cos Inc/The | 1.00% | Equity (US) | US |
| ACGL | Arch Capital Group Ltd | 0.99% | Equity (Foreign) | BM |
| SRE | Sempra | 0.99% | Equity (US) | US |
| SPG | Simon Property Group Inc | 0.98% | Equity (US) | US |
| GL | Globe Life Inc | 0.98% | Equity (US) | US |
| ESS | Essex Property Trust Inc | 0.98% | Equity (US) | US |
| HLT | Hilton Worldwide Holdings Inc | 0.97% | Equity (US) | US |
Non-Equity Breakdown
Invesco S&P 500 Low Volatility ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-30)
Net assets:
$6.91B
· 106 total positions
· equity 99.67%
· non-equity 3.15%
Non-equity holdings
— 6 positions,
3.15% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 3.13% | $216.2M | 3 |
| Derivative (equity) | 0.02% | $1.3M | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.81% | -3.84% | -0.08% | -0.14% | 2.34% | 3.43% | 0.15% |
| Feb | -1.91% | -1.97% | -3.60% | 0.19% | 4.09% | 5.21% | 0.33% |
| Mar | 5.27% | 6.27% | 2.13% | 2.92% | -0.45% | -5.56% | 1.76% |
| Apr | 3.58% | -3.64% | 2.06% | -2.72% | -2.52% | 1.58% | -0.28% |
| May | 0.11% | 0.39% | -5.85% | 2.37% | 1.65% | -2.63% | -0.66% |
| Jun | 0.43% | -3.76% | 3.66% | -0.18% | -0.88% | 5.03% | 0.72% |
| Jul | 2.92% | 2.43% | 0.56% | 4.80% | -1.15% | 1.40% | 1.83% |
| Aug | 1.54% | -1.77% | -2.86% | 4.28% | 1.58% | -1.99% | 0.13% |
| Sep | -5.43% | -9.31% | -3.80% | 0.83% | 0.59% | -5.41% | -3.76% |
| Oct | 4.07% | 4.31% | 0.59% | -1.11% | -3.27% | 7.86%* | 2.07% |
| Nov | -1.59% | 5.49% | 4.51% | 5.65% | 4.08% | -- | 3.63% |
| Dec | 9.88% | -2.04% | 1.34% | -5.55% | -1.18% | -- | 0.49% |
| Total | 18.63% | -8.27% | -1.90% | 11.30% | 4.66% | 8.25% | 5.45% |
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: $72.49
SMA 50: $73.62
SMA 200: $74.21
Current: $76.08
EMA 12: $73.76
EMA 26: $73.26
MACD: 0.5036 | Signal: 0.5036
BULLISH
ADX (14): 30.17
TREND
+DI: 39.08
−DI: 14.08
Momentum Oscillators
RSI (14): 71.09
OVERBOUGHT
Stoch %K: 97.79
Stoch %D: 93.69
Williams %R: -1.75
Volume & Volatility
BB Upper: $75.60
BB Lower: $69.38
OVERBOUGHT
OBV: -1,472,284
Vol SMA 20: 1,942,604
Vol ROC: 106.80%
ATR: $0.80
True Range: $1.64
HV 20: 12.3%
HV 30: 11.7%
HV 60: 10.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Strong technical signals from multiple indicators, including RSI and MACD
- Low volatility and beta indicate a stable stock with low risk
- Positive news sentiment from recent headlines
Primary Risks:
- Lack of earnings data to assess fundamental strength
- Options market shows bearish sentiment, potentially indicating increased selling pressure
- Recent price movements may be driven by market trends rather than stock-specific factors
Investment Thesis: SPLV is a stable and low-risk stock with strong technical signals. However, the lack of earnings data and bearish options market sentiment suggest caution. A neutral assessment reflects the mixed signals from both fundamental and technical analysis.
Recent News Sentiment Impact: The positive news headlines have contributed to SPLV's recent price movements, but further analysis is needed to understand their impact on the stock's fundamental strength.
Technical Analysis
Trend Direction:
- Short-term: NEUTRAL (no clear trend)
- Medium-term: BEARISH (MACD and RSI signals)
- Long-term: BULLISH (SMA 200 above current price)
Support/Resistance Levels: $74.43 (lower Bollinger Band), $75.50 (SMA 20), $76.58 (upper Bollinger Band)
Momentum Signals:
- RSI (14): 41.90 (neutral)
- MACD: -0.32 / Signal: -0.10 / Histogram: -0.22 (bearish)
- Bollinger Bands: neutral
Volume Analysis: Volume SMA 20: 1996251.45, Volume Rate of Change: -0.91%
News & Sentiment Analysis
Recent Headlines Summary: The news headlines are generally positive, with articles highlighting the stock's stability and potential for growth.
Sentiment Assessment: POSITIVE (aggregate sentiment from recent headlines)
Catalyst Identification:
- None available due to lack of earnings data
Market Narrative: The news headlines align with the technical signals, indicating a stable market environment. However, the lack of earnings data means that SPLV's fundamental strength is uncertain.
Risk & Volatility Assessment
Risk Assessment: LOW (beta 0.02 vs SPY)
Volatility Regime: LOW (stock volatility 0.11)
Options Market Signals:
- IV Rank: 15.3% (Low)
- Current IV: 19.5%
- Put/Call Volume Ratio: 10.00 (Bearish sentiment)
Downside Protection: Support levels include $74.43 and $75.50.
Market Context & Positioning
Sector Performance: SPLV is performing similarly to the overall market, with a correlation coefficient of 0.02.
Institutional Activity: Volume patterns suggest institutional interest, but further analysis is needed to understand their impact on the stock's price.
Correlation Analysis: The stock moves relatively independently from the market (R-squared interpretation).
Relative Valuation: SPLV is positioned within its trading range, with no clear uptrend or downtrend.
Key Levels & Action Items
Critical Price Levels:
- $74.43 (lower Bollinger Band)
- $75.50 (SMA 20)
Breakout/Breakdown Levels:
- $76.58 (upper Bollinger Band)
Time-Sensitive Catalysts: None available due to lack of earnings data.
Risk Management: Stop-loss levels and position sizing considerations will depend on the stock's technical signals and market context.
Recommendation: Given the neutral assessment, it is recommended to maintain a neutral stance or consider a small long position with tight stop-losses. Further analysis is needed to understand SPLV's fundamental strength and potential for growth.
Generated
News
All SPLV news →
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Showing 1–10 of 50
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SPLV Options Activity & IV Rank
SPLV IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 15.3%
7-DTE IV: —
Expected Move: $2.67
7-DTE Move: $2.67
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 1,514
Put Volume: 1,537
P/C Volume: 1.015
NEUTRAL
Call OI: 3,016
Put OI: 3,850
P/C OI: 1.277
Total OI: 6,866
ATM Options Pricing
ATM Call: $1.55
ATM Put: $1.12
Call %: 2.0%
Put %: 1.5%
Chain Summary
Chain Volume: 3,969
Chain OI: 9,416
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 71st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
71%
vs own history
GEX tilt
+0.18
OI-weighted, today
Vanna tilt
+0.30
δ-sensitivity to IV
Charm tilt
-0.43
δ-decay vs time
Vanna tilt +0.30: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.43: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 14 ATM contracts, 9k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
8%
+2.8
pts
EXTREME
ATM 15.5% / Wing 18.3%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)21.2LowOct 22
Straddle Price (30 DTE)$2.67Oct 22
Beta Analysis
Risk Metrics
Beta: 0.0011
Alpha: 4.88%
Correlation: 0.0013
R-Squared: 0.0%
Stock Volatility: 10.9%
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
SPLV 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.
4 filers$24.93M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | UBS Group AG Custodian | $22.47M | 90.14% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.09M | 4.39% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $689.08K | 2.76% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $674.10K | 2.70% | 2026-06-30 |
3 filers$33.53M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | UBS Group AG Custodian | $22.47M | 67.02% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $9.77M | 29.13% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $1.29M | 3.84% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
1.76M
SI % of Float
1.81%
Days to Cover
1.03
Short Vol Ratio
42.4%
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 |
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