Zacks Investment ResearchT3·14h ago
TAN Invesco Solar ETF
ETF 41.35 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.
TAN
$41.35
—
Key stats
$41.35
- 52-Week Range
- $40.75 – $75.60
- YTD
- -19.86%
- IV Rank (30D)
- 43.55
- Straddle Price
- $3.90
- P/C Vol Ratio
- 0.27
- Open
- $41.53
- Day Range
- $40.93 – $42.00
- Volume
- 997,924
- Prev Close
- $42.56
About
Invesco Solar ETF (TAN) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2008-04-15
- 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
- 0.70% prospectus, filed Dec 18, 2025
- Assets
- $845M shares × price, Oct 21, 2026
- Trailing yield
- — paid annual
- Average daily volume
- $41M 30 sessions
- Holdings
- 45 top 10 are 61.8%
- Listed
- Apr 15, 2008 NYSE Arca
- Last fee change
- -1 bp filed Dec 18, 2025
- Tracking difference
- -0.21 pts vs index, after fees, FY 2025
Cost20
Liquidity87
Scale71
Diversification44
Moves with. US large-cap stocks (29% of its variance, beta 1.34); Emerging markets over US (9% of its variance, beta 0.40); Small caps over large (8% of its variance, beta 0.81); Value over growth (4% of its variance, beta -0.19). These factors explain 54% of its daily moves over the last year.
Stated objective. The Invesco Solar ETF (the Fund) seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index (the Underlying Index). (from the fund's prospectus)
All 45 holdingsFlow historySimilar fundsOverlap toolAll Clean Energy & Climate ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$195M latest reported month
- Latest 3 months
- +$178M +7.8% of assets
- Latest 12 months
- +$724M +31.6% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$195M |
| Apr 2026 | +$65M |
| Mar 2026 | −$81M |
| Feb 2026 | +$166M |
| Jan 2026 | +$289M |
| Dec 2025 | +$12M |
| Nov 2025 | +$31M |
| Oct 2025 | +$55M |
| Sep 2025 | +$26M |
| Aug 2025 | −$3.0M |
| Jul 2025 | −$6.0M |
| Jun 2025 | −$24M |
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 | |
|---|---|---|---|---|---|
| ACESALPS Clean Energy ETF | 36% | 0.55% | $93M | −26.7% | compare |
| FRNWFidelity Clean Energy ETF | 33% | 0.39% | $84M | −3.2% | compare |
| ICLNiShares Global Clean Energy ETF | 29% | 0.38% | $2.1B | −0.6% | compare |
| VCLNVirtus Duff & Phelps Clean Energy ETF | 25% | 0.59% | $6.4M | +2.0% | compare |
| CNRGState Street SPDR S&P Kensho Clean Power ETF | 24% | 0.45% | $162M | −18.3% | 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% 39% under, 20% over · 63% covered
- Price / earnings
- 24.9 11% loss-making · 50% covered
- Price / book · sales
- — · 2.0 revenue growth +2.4%
- Above 200-day average
- 2% 20% above 50-day · by weight
- Short interest
- 13.2% of float, weighted · 5.7 days to cover
- Insider buying
- 0% of weight had net insider buying, 90 days; 41% net selling
- 13F holders
- −0.2% change in shares held by institutions, latest quarter
- Reporting earnings
- 28.4% of weight in 7 days; 54.8% in 14
Holdings reporting in the next 14 days · weighted implied move this week 4.05%
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 |
|---|---|---|---|---|
| Increase | FSLRFirst Solar, Inc. | 6.70% | 11.74% | +59.1% |
| Decrease | United Renewable Energy Co., Ltd. | 3.19% | 1.39% | −26.2% |
| Increase | SHLSShoals Technologies Group, Inc. | 1.84% | 3.39% | +23.7% |
| New position | HD Hyundai Energy Solutions Co., Ltd. | — | 1.20% | — |
| Increase | DQDaqo New Energy Corp. | 2.44% | 1.40% | +17.9% |
| New position | Gigastorage Corp. | — | 0.88% | — |
| Decrease | Doral Group Renewable Energy Resources Ltd. | 4.40% | 5.09% | −14.8% |
| Decrease | NXTNextpower Inc. | 10.49% | 9.81% | −11.2% |
| Increase | Energix Renewable Energies Ltd. | 2.11% | 2.69% | +11.4% |
| Increase | RUNSunrun Inc. | 4.34% | 4.83% | +24.7% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.2%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 4 active of 41 with agreements; top 3 did 99%
- Created · redeemed
- $148M · $371M over the fiscal year
- Redemptions in kind
- 89% creations 89% in kind
- Creation unit
- 80,000 shares
- Securities lending
- 28.10% of assets on loan on average; earned 29.4 bp
- Return vs index
- -0.21 pts after fees; +0.55 before; daily s.d. 4.82
- 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 2026-10-20
Holdings
46
AUM
$874.8M
Provider
Invesco
Inception
2008-04-15
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.70%
Dividend Yield
—
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2024-12-23 | 2024-12-27 | $0.1650 | CD |
| 2023-12-18 | 2023-12-22 | $0.0483 | CD |
Asset Allocation
Top Holdings
top 45 of 46 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NXT | Nextpower Inc | 10.73% | Equity (US) | US |
| FSLR | First Solar Inc | 9.39% | Equity (US) | US |
| ENLT | Enlight Renewable Energy Ltd | 8.46% | Equity (Foreign) | IL |
| ENPH | Enphase Energy Inc | 7.35% | Equity (US) | US |
| HASI | HA Sustainable Infrastructure Capital Inc | 5.01% | Equity (US) | US |
| DORL | Doral Group Renewable Energy Resources Ltd | 4.64% | Equity (Foreign) | IL |
| — | GCL Technology Holdings Ltd | 4.23% | Equity (US) | — |
| CWEN | Clearway Energy Inc | 4.09% | Equity (US) | US |
| SEDG | SolarEdge Technologies Inc | 4.04% | Equity (US) | US |
| RUN | Sunrun Inc | 3.86% | Equity (US) | US |
| SLR | Solaria Energia y Medio Ambiente SA | 3.15% | Equity (Foreign) | ES |
| SHLS | Shoals Technologies Group Inc | 2.85% | Equity (US) | US |
| — | Xinyi Solar Holdings Ltd | 2.78% | Equity (US) | — |
| NOFR | OY Nofar Energy Ltd | 2.76% | Equity (Foreign) | IL |
| ENRG | Energix-Renewable Energies Ltd | 2.23% | Equity (Foreign) | IL |
| S92 | SMA Solar Technology AG | 2.20% | Equity (Foreign) | DE |
| — | United Renewable Energy Co Ltd/Taiwan | 2.18% | Equity (US) | — |
| SCATC | Scatec ASA | 1.93% | Equity (Foreign) | NO |
| GRE | Grenergy Renovables SA | 1.76% | Equity (Foreign) | ES |
| DQ | Daqo New Energy Corp | 1.69% | Cash/Money Market | — |
| RNW | ReNew Energy Global PLC | 1.37% | Equity (Foreign) | GB |
| — | TSEC Corp | 1.34% | Equity (Foreign) | TW |
| ARRY | Array Technologies Inc | 1.34% | Equity (US) | US |
| CSIQ | Canadian Solar Inc | 1.27% | Equity (US) | — |
| — | HD Hyundai Energy Solutions Co Ltd | 1.26% | Equity (Foreign) | KR |
| TE | T1 Energy Inc | 1.25% | Equity (US) | US |
| — | West Holdings Corp | 1.12% | Equity (Foreign) | JP |
| — | Gigastorage Corp | 1.02% | Equity (US) | — |
| — | Flat Glass Group Co Ltd | 0.94% | Equity (Foreign) | CN |
| — | Motech Industries Inc | 0.90% | Equity (US) | — |
| JKS | JinkoSolar Holding Co Ltd | 0.85% | Cash/Money Market | — |
| — | Xinyi Energy Holdings Ltd | 0.73% | Equity (US) | — |
| BCPG-R | BCPG PCL | 0.49% | Other | — |
| CWENE | CW Enerji Muhendislik Ticaret VE Sanayi AS | 0.38% | Equity (Foreign) | TR |
| — | Tess Holdings Co Ltd | 0.29% | Equity (US) | — |
| AGPXX | Invesco Government & Agency Portfolio | 0.12% | Cash/Money Market | — |
| USD | CASH & EQUIVALENTS | 0.01% | Other | US |
| JPY | CASH & EQUIVALENTS | 0.01% | Other | — |
| NOK | CASH & EQUIVALENTS | 0.00% | Other | FI |
| KRW | CASH & EQUIVALENTS | 0.00% | Other | — |
| CHF | CASH & EQUIVALENTS | 0.00% | Other | — |
| — | SECURITIES LENDING - BNYM | 0.00% | Cash/Money Market | — |
| HKD | CASH & EQUIVALENTS | -0.00% | Other | — |
| ILS | CASH & EQUIVALENTS | -0.00% | Other | — |
| EUR | CASH & EQUIVALENTS | -0.00% | Other | — |
Geographic Breakdown
Non-Equity Breakdown
Invesco Solar ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-29)
Net assets:
$2.29B
· 34 total positions
· equity 100.03%
· non-equity 22.05%
Non-equity holdings
— 3 positions,
22.05% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 22.05% | $505.4M | 3 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.55% | -16.58% | 11.96% | -18.63% | -2.68% | 4.36% | -3.00% |
| Feb | -8.31% | 9.60% | -10.09% | -0.62% | -2.62% | 2.44% | -1.60% |
| Mar | -14.29% | 3.60% | 1.41% | 2.69% | -2.71% | -1.15% | -1.74% |
| Apr | -8.30% | -15.72% | -5.72% | -10.52% | -7.86% | 3.80% | -7.39% |
| May | -3.64% | 9.42% | -1.62% | 19.80% | 12.33% | 24.73% | 10.17% |
| Jun | 13.41% | 1.67% | -0.08% | -16.46% | 7.67% | -16.84% | -1.77% |
| Jul | -3.00% | 18.85% | -4.03% | 7.36% | 4.43% | -15.41% | 1.37% |
| Aug | 0.21% | 1.18% | -13.17% | -0.31% | 13.96% | -7.16% | -0.88% |
| Sep | -7.07% | -11.09% | -11.33% | 8.26% | 6.47% | -6.17% | -3.49% |
| Oct | 22.26% | -5.43% | -15.07% | -6.66% | 8.96% | -3.99%* | 0.01% |
| Nov | -10.98% | 17.05% | 10.40% | -7.44% | -0.47% | -- | 1.71% |
| Dec | -10.91% | -10.50% | 11.45% | -11.61% | 3.11% | -- | -3.69% |
| Total | -28.57% | -5.93% | -26.95% | -34.20% | 45.58% | -19.50% | -11.60% |
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: $43.12
SMA 50: $45.99
SMA 200: $54.39
Current: $41.35
EMA 12: $42.58
EMA 26: $43.79
MACD: -1.2057 | Signal: 0.0010
BEARISH
ADX (14): 31.65
TREND
+DI: 17.31
−DI: 37.58
Momentum Oscillators
RSI (14): 37.34
NEUTRAL
Stoch %K: 28.28
Stoch %D: 21.99
Williams %R: -85.07
Volume & Volatility
BB Upper: $44.98
BB Lower: $41.25
NEUTRAL
OBV: 23,132,525
Vol SMA 20: 925,174
Vol ROC: 168.83%
ATR: $1.26
True Range: $1.63
HV 20: 29.8%
HV 30: 32.2%
HV 60: 33.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: TAN
Executive Summary: BULLISH/BEARISH CONFIDENCE LEVEL: 6 (out of 10)
Key drivers:
- Bullish momentum signals from MACD histogram
- Positive news sentiment from recent headlines
- Trend support from SMA 20 and EMA 12
Primary risks:
- High volatility, indicating increased risk
- Negative news headline could trigger a sell-off
Investment thesis: TAN has shown bullish momentum in the short-term, driven by positive news headlines and technical indicators. However, high volatility and potential negative news catalysts remain significant risks.
Recent news sentiment impact: The recent news headlines have been generally positive, with 3 out of 6 articles having a neutral or positive sentiment. This has contributed to the overall bullish momentum in the stock price.
Technical Analysis:
- Trend Direction: Short-term (1-4 weeks): BULLISH, Medium-term (1-3 months): NEUTRAL, Long-term (3-12 months): BEARISH
- Support/Resistance Levels: Key levels to monitor are SMA 20 ($52.70) and EMA 12 ($51.34)
- Momentum Signals:
- RSI interpretation: Neutral (42.22), indicating no strong buy or sell signal
- MACD signal: Bearish, indicating potential reversal
- Bollinger Bands position: Neutral, indicating mean reversion potential
- Volume Analysis: Volume SMA 20 is increasing, indicating institutional interest
News & Sentiment Analysis:
- Recent Headlines Summary: The recent headlines have been generally positive, with themes of partnerships and financial education.
- Sentiment Assessment: Positive sentiment dominates (3 out of 6 articles), indicating a bullish bias
- Catalyst Identification: No specific catalysts identified in the recent headlines
Risk & Volatility Assessment:
- Beta Interpretation: High risk relative to market (beta >1.5)
- Volatility Regime: Current volatility is high, indicating increased risk
- Options Market Signals: IV rank indicates medium volatility; put/call ratio suggests bullish sentiment
- Downside Protection: Support levels from SMA 20 and EMA 12
Market Context & Positioning:
- Sector Performance: TAN performs relatively well compared to the sector (S&P 500)
- Institutional Activity: Volume patterns suggest institutional interest, but no clear trend identified
- Correlation Analysis: Correlation with SPY is moderate (0.60), indicating some market influence
Key Levels & Action Items:
- Critical Price Levels: SMA 20 ($52.70) and EMA 12 ($51.34) provide key support levels
- Breakout/Breakdown Levels: No specific levels identified, but MACD signal suggests potential reversal
- Time-Sensitive Catalysts: No specific catalysts identified in the recent headlines
- Risk Management: Consider stop-loss levels around SMA 20 and EMA 12
Additional Comments:
- Data quality flags: None noted
- Quantify confidence: 6 out of 10, based on the bullish momentum signals from MACD histogram and positive news sentiment.
This analysis provides a comprehensive overview of TAN's technical and fundamental performance, as well as its market context. The report highlights key drivers, primary risks, and recent news sentiment impact. Additionally, it offers specific levels to monitor, time-sensitive catalysts, and risk management considerations.
Generated
News
All TAN news →
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Showing 1–10 of 50
Page 1 of 5
TAN Options Activity & IV Rank
TAN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 41.4%
7-DTE IV: —
Expected Move: $3.90
7-DTE Move: $3.90
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 1,119
Put Volume: 299
P/C Volume: 0.267
BULLISH
Call OI: 11,719
Put OI: 4,290
P/C OI: 0.366
Total OI: 16,009
ATM Options Pricing
ATM Call: $2.15
ATM Put: $1.75
Call %: 5.2%
Put %: 4.2%
Chain Summary
Chain Volume: 4,229
Chain OI: 43,033
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 66th 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
66%
vs own history
GEX tilt
+0.35
OI-weighted, today
Vanna tilt
+0.71
δ-sensitivity to IV
Charm tilt
-0.76
δ-decay vs time
Vanna tilt +0.71: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.76: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 52 ATM contracts, 14k 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
91%
+15.7
pts
EXTREME
ATM 41.7% / Wing 57.4%
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)43.5MediumOct 22
Straddle Price (30 DTE)$3.90Oct 22
Beta Analysis
Risk Metrics
Beta: 1.9463
Alpha: -31.24%
Correlation: 0.6521
R-Squared: 42.5%
Stock Volatility: 38.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
TAN Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 454,425,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
14 filers$91.96M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $33.93M | 36.89% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $14.77M | 16.06% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $14.15M | 15.39% | 2026-06-30 |
| 4 | Walleye Trading LLC | $8.20M | 8.91% | 2026-06-30 |
| 5 | KINGDON CAPITAL MANAGEMENT, L.L.C. | $5.92M | 6.43% | 2026-06-30 |
| 6 | Parallax Volatility Advisers, L.P. | $5.73M | 6.23% | 2026-06-30 |
| 7 | PEAK6 LLC | $1.99M | 2.17% | 2026-06-30 |
| 8 | BNP Paribas Financial Markets Custodian | $1.48M | 1.61% | 2026-06-30 |
| 9 | Beacon Pointe Advisors, LLC | $1.30M | 1.42% | 2026-06-30 |
| 10 | UBS Group AG Custodian | $1.18M | 1.29% | 2026-06-30 |
| 11 | Graham Capital Management, L.P. | $1.18M | 1.29% | 2026-06-30 |
| 12 | Squarepoint Ops LLC | $975.98K | 1.06% | 2026-06-30 |
| 13 | Millennium Management LLC Custodian | $887.25K | 0.96% | 2026-06-30 |
| 14 | Caption Management, LLC | $266.18K | 0.29% | 2026-06-30 |
10 filers$103.91M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $27.72M | 26.68% | 2026-06-30 |
| 2 | PEAK6 LLC | $17.64M | 16.98% | 2026-06-30 |
| 3 | UBS Group AG Custodian | $16.93M | 16.29% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $15.13M | 14.56% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $8.59M | 8.27% | 2026-06-30 |
| 6 | Squarepoint Ops LLC | $7.65M | 7.36% | 2026-06-30 |
| 7 | TUDOR INVESTMENT CORP ET AL | $5.92M | 5.69% | 2026-06-30 |
| 8 | Walleye Trading LLC | $4.05M | 3.90% | 2026-06-30 |
| 9 | Caption Management, LLC | $266.18K | 0.26% | 2026-06-30 |
| 10 | Parallax Volatility Advisers, L.P. | $11.83K | 0.01% | 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
1.34M
SI % of Float
6.74%
Days to Cover
2.04
Short Vol Ratio
59.3%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
TAN Constituent Performance
Click any bar to view the full quote for that stock.
TAN Constituents (14 of 21)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| NXT | Nextpower Inc | 10.73% | $77.63 | -5.06% | -6.97% | -2.93% |
| FSLR | First Solar Inc | 9.39% | $171.25 | -2.04% | -4.23% | -0.53% |
| ENLT | Enlight Renewable Energy Ltd | 8.46% | $69.32 | -3.49% | -1.06% | +0.65% |
| ENPH | Enphase Energy Inc | 7.35% | $31.35 | -2.00% | +1.72% | -4.48% |
| HASI | HA Sustainable Infrastructure Capital Inc | 5.01% | $36.54 | +0.16% | -0.71% | +1.05% |
| CWEN | Clearway Energy Inc | 4.09% | $31.43 | -0.57% | +4.91% | +7.67% |
| SEDG | SolarEdge Technologies Inc | 4.04% | $32.94 | -0.75% | +4.80% | +3.23% |
| RUN | Sunrun Inc | 3.86% | $7.7 | +1.05% | +0.79% | -1.03% |
| SHLS | Shoals Technologies Group Inc | 2.85% | $7.73 | -2.83% | -0.39% | +3.76% |
| ENRG | Energix-Renewable Energies Ltd | 2.23% | $19.65 | -2.19% | +0.17% | +0.66% |
| RNW | ReNew Energy Global PLC | 1.37% | $6.88 | +0.15% | +0.29% | +0.44% |
| ARRY | Array Technologies Inc | 1.34% | $3.3 | -3.23% | -7.56% | -16.03% |
| CSIQ | Canadian Solar Inc | 1.27% | $9.22 | -6.21% | -12.77% | -15.80% |
| TE | T1 Energy Inc | 1.25% | $2.31 | -2.94% | -21.16% | -39.37% |