Seeking AlphaT3·28mo ago
TBLL Invesco Short Term Treasury ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. 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.
TBLL
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Key stats
About
Invesco Short Term Treasury ETF (TBLL) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2017-01-12
- Has Options
- No
- Homepage
- https://www.invesco.com/us/etfs
Fund profile
holdings as of Oct 20, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.08% prospectus, filed Dec 18, 2025
- Assets
- $2.7B shares × price, Oct 21, 2026
- Trailing yield
- 3.59% paid monthly
- Average daily volume
- $34M 30 sessions
- Holdings
- 93 top 10 are 23.8%
- Listed
- Jan 12, 2017 NYSE Arca
- Tracking difference
- -0.09 pts vs index, after fees, FY 2025
Cost84
Liquidity84
Scale90
Diversification84
Moves with. US dollar (4% of its variance, beta 0.04). These factors explain 8% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Invesco Short Term Treasury ETF (the Fund) seeks to track the investment results (before fees and expenses) of the ICE U.S. Treasury Short Bond Index (the Underlying Index). (from the fund's prospectus)
All 93 holdingsFlow historyOverlap toolAll Short-Term Treasury ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$336M latest reported month
- Latest 3 months
- +$138M +5.3% of assets
- Latest 12 months
- +$255M +9.9% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$336M |
| Apr 2026 | −$98M |
| Mar 2026 | +$572M |
| Feb 2026 | +$194M |
| Jan 2026 | +$7.4M |
| Dec 2025 | −$22M |
| Nov 2025 | +$32M |
| Oct 2025 | +$34M |
| Sep 2025 | +$7.4M |
| Aug 2025 | +$60M |
| Jul 2025 | +$4.3M |
| Jun 2025 | −$199M |
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 | |
|---|---|---|---|---|---|
| VGSHVanguard Short-Term Treasury ETF | — | 0.03% | $35.1B | −2.2% | compare |
| SHYiShares 1-3 Year Treasury Bond ETF | — | 0.15% | $27.2B | −2.2% | compare |
| SCHOSchwab Short-Term U.S. Treasury ETF | — | 0.03% | $15.6B | −2.3% | compare |
| SPTSState Street SPDR Portfolio Short Term Treasury ETF | — | 0.03% | $7.2B | −2.3% | compare |
| ISHGiShares 1-3 Year International Treasury Bond ETF | — | 0.35% | $841M | −2.2% | compare |
The largest other funds in the Short-Term Treasury category.
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 5 active of 41 with agreements; top 3 did 85%
- Created · redeemed
- $1.3B · $948M over the fiscal year
- Redemptions in kind
- 0% creations 63% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Return vs index
- -0.09 pts after fees; +0.06 before; daily s.d. 0.09
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
94
AUM
$2.7B
Provider
Invesco
Inception
2017-01-12
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.08%
Dividend Yield
3.59%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-19 | 2026-10-23 | $0.3371 | CD |
| 2026-09-21 | 2026-09-25 | $0.3164 | CD |
| 2026-08-24 | 2026-08-28 | $0.2959 | CD |
| 2026-07-20 | 2026-07-24 | $0.3074 | CD |
| 2026-06-22 | 2026-06-26 | $0.3158 | CD |
| 2026-05-18 | 2026-05-22 | $0.3158 | CD |
Asset Allocation
Top Holdings
top 50 of 94 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| B | United States Treasury Bill | 3.11% | Treasury | CA |
| B | United States Treasury Bill | 2.86% | Treasury | CA |
| B | United States Treasury Bill | 2.53% | Treasury | CA |
| B | United States Treasury Bill | 2.37% | Treasury | CA |
| B | United States Treasury Bill | 2.29% | Treasury | CA |
| B | United States Treasury Bill | 2.28% | Treasury | CA |
| B | United States Treasury Bill | 2.14% | Treasury | CA |
| B | United States Treasury Bill | 2.13% | Treasury | CA |
| T | United States Treasury Note/Bond | 2.11% | Treasury | US |
| B | United States Treasury Bill | 2.03% | Treasury | CA |
| B | United States Treasury Bill | 2.03% | Treasury | CA |
| B | United States Treasury Bill | 2.02% | Treasury | CA |
| B | United States Treasury Bill | 1.96% | Treasury | CA |
| B | United States Treasury Bill | 1.95% | Treasury | CA |
| T | United States Treasury Note/Bond | 1.80% | Treasury | US |
| B | United States Treasury Bill | 1.78% | Treasury | CA |
| T | United States Treasury Note/Bond | 1.75% | Treasury | US |
| B | United States Treasury Bill | 1.70% | Treasury | CA |
| B | United States Treasury Bill | 1.69% | Treasury | CA |
| B | United States Treasury Bill | 1.67% | Treasury | CA |
| B | United States Treasury Bill | 1.67% | Treasury | CA |
| B | United States Treasury Bill | 1.67% | Treasury | CA |
| B | United States Treasury Bill | 1.67% | Treasury | CA |
| B | United States Treasury Bill | 1.67% | Treasury | CA |
| T | United States Treasury Note/Bond | 1.61% | Treasury | US |
| T | United States Treasury Note/Bond | 1.60% | Treasury | US |
| T | United States Treasury Note/Bond | 1.55% | Treasury | US |
| B | United States Treasury Bill | 1.49% | Treasury | CA |
| B | United States Treasury Bill | 1.49% | Treasury | CA |
| B | United States Treasury Bill | 1.49% | Treasury | CA |
| T | United States Treasury Note/Bond | 1.44% | Treasury | US |
| B | United States Treasury Bill | 1.41% | Treasury | CA |
| T | United States Treasury Note/Bond | 1.38% | Treasury | US |
| T | United States Treasury Note/Bond | 1.38% | Treasury | US |
| T | United States Treasury Note/Bond | 1.37% | Treasury | US |
| T | United States Treasury Note/Bond | 1.37% | Treasury | US |
| T | United States Treasury Note/Bond | 1.36% | Treasury | US |
| T | United States Treasury Note/Bond | 1.33% | Treasury | US |
| B | United States Treasury Bill | 1.31% | Treasury | CA |
| B | United States Treasury Bill | 1.28% | Treasury | CA |
| T | United States Treasury Note/Bond | 1.26% | Treasury | US |
| T | United States Treasury Note/Bond | 1.20% | Treasury | US |
| T | United States Treasury Note/Bond | 1.19% | Treasury | US |
| T | United States Treasury Note/Bond | 1.18% | Treasury | US |
| T | United States Treasury Note/Bond | 1.17% | Treasury | US |
| T | United States Treasury Note/Bond | 1.12% | Treasury | US |
| T | United States Treasury Note/Bond | 1.09% | Treasury | US |
| T | United States Treasury Note/Bond | 1.09% | Treasury | US |
| B | United States Treasury Bill | 1.06% | Treasury | CA |
| T | United States Treasury Note/Bond | 1.05% | Treasury | US |
Non-Equity Breakdown
Invesco Short Term Treasury ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-30)
Net assets:
$2.58B
· 83 total positions
· equity 0.00%
· non-equity 97.29%
Non-equity holdings
— 83 positions,
97.29% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 97.27% | $2.51B | 82 |
| Short-term investment | 0.01% | $387631 | 1 |
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | -0.03% | -0.03% | -0.08% | -0.05% |
| Feb | -- | -0.11% | -0.04% | -0.05% | -0.07% |
| Mar | -- | -0.04% | -0.02% | -0.03% | -0.03% |
| Apr | -- | -0.03% | 0.00% | 0.03% | 0.00% |
| May | -- | 0.05% | -0.00% | -0.04% | 0.00% |
| Jun | -- | -0.06% | -0.02% | -0.03% | -0.04% |
| Jul | -- | 0.05% | -0.03% | 0.04% | 0.02% |
| Aug | 0.08% | 0.04% | 0.01% | 0.02% | 0.04% |
| Sep | -0.02% | 0.04% | 0.03% | -0.07% | -0.01% |
| Oct | 0.04% | -0.13% | -0.01% | -0.07%* | -0.04% |
| Nov | 0.12% | -0.08% | -0.03% | -- | 0.00% |
| Dec | -0.01% | 0.06% | 0.02% | -- | 0.02% |
| Total | 0.21% | -0.24% | -0.12% | -0.28% | -0.11% |
* Only 4 year(s) of data available.
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: $105.61
SMA 50: $105.65
SMA 200: $105.64
Current: $105.51
EMA 12: $105.59
EMA 26: $105.61
MACD: -0.0271 | Signal: -0.0211
BEARISH
ADX (14): 23.40
WEAK TREND
+DI: 31.22
−DI: 48.33
Momentum Oscillators
RSI (14): 40.19
NEUTRAL
Stoch %K: 11.76
Stoch %D: 18.30
Williams %R: -79.41
Volume & Volatility
BB Upper: $105.81
BB Lower: $105.41
NEUTRAL
OBV: 87,028,031
Vol SMA 20: 350,783
Vol ROC: 6.20%
ATR: $0.05
True Range: $0.06
HV 20: 1.2%
HV 30: 1.3%
HV 60: 1.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
Here is a comprehensive stock analysis report for TBLL:
Executive Summary
BULLISH (Confidence Level: 6/10)
Key drivers: Bullish momentum from MACD signal, neutral RSI reading, and low volatility.
Primary risks: Low volume activity, absence of earnings data, and no notable catalysts in recent news headlines.
Investment thesis: TBLL is likely to continue its current uptrend due to the strong momentum indicators and low volatility. However, investors should be cautious about the lack of significant news catalysts and relatively low trading volume.
Recent news sentiment impact: The neutral news sentiment from recent headlines does not have a significant impact on our analysis, as we are focused on technical signals and risk metrics.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Uptrend
- Medium-term (1-3 months): Uptrend
- Long-term (3-12 months): Neutral
Support/Resistance Levels:
- Lower Bollinger Band: $105.52
- Middle Band: $105.70
- Upper Bollinger Band: $105.89
- SMA 20: $105.70
- EMA 12: $105.67
Momentum Signals:
- RSI interpretation: Neutral (45.05)
- MACD signal: Bullish (crossover above signal line)
- Bollinger Bands position: Neutral (price touching middle band)
Volume Analysis:
- Volume SMA 20: 323281.71
- On-Balance Volume (OBV): 84288581.36
- Volume Rate of Change: -30.42%
News & Sentiment Analysis
Recent Headlines Summary:
- No significant news headlines were found.
Sentiment Assessment:
- Neutral sentiment from recent news headlines
Catalyst Identification:
- No notable catalysts in recent news headlines
Market Narrative:
- The absence of significant news headlines does not contradict the technical signals, as the stock is still trending upward.
Risk & Volatility Assessment
Beta Interpretation:
- Beta: 0.00 (vs SPY) - low volatility, indicating that TBLL moves less than the market
Volatility Regime:
- Current vs historical volatility levels: Low volatility, with HV20 at 1.0%, HV30 at 0.8%, and HV60 at 1.0%
Options Market Signals:
- IV Premium vs HV30: N/A (positive = implied richer than realized) - indicates that options traders are more optimistic about the stock's potential.
Downside Protection:
- Support levels: Lower Bollinger Band ($105.52), SMA 20 ($105.70), and EMA 12 ($105.67)
Market Context & Positioning
Sector Performance:
- Relative strength vs sector/market: Neutral
Institutional Activity:
- Volume trends suggesting institutional interest: Low volume activity, with a volume rate of change at -30.42%
Correlation Analysis:
- How stock moves relative to market (R-squared interpretation): Low correlation, indicating that TBLL moves independently of the market.
Relative Valuation:
- Position within trading range: Within an uptrend
Key Levels & Action Items
Critical Price Levels:
- Support levels: Lower Bollinger Band ($105.52), SMA 20 ($105.70), and EMA 12 ($105.67)
- Resistance levels: Upper Bollinger Band ($105.89)
Breakout/Breakdown Levels:
- Technical levels that could trigger significant moves: SMA 50, EMA 26, and the upper/lower Bollinger Bands
Time-Sensitive Catalysts:
- No notable catalysts in recent news headlines
Risk Management:
- Stop-loss levels: Below the Lower Bollinger Band ($105.52) or SMA 20 ($105.70)
- Position sizing considerations: Consider a more conservative position size due to low trading volume and lack of significant news catalysts.
Overall, our analysis suggests that TBLL is likely to continue its current uptrend due to the strong momentum indicators and low volatility. However, investors should be cautious about the lack of significant news catalysts and relatively low trading volume.
Generated
News
All TBLL news →
Seeking AlphaT3·36mo ago
Seeking AlphaT3·36mo ago
TBLL Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
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)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: -0.0001
Alpha: -0.02%
Correlation: -0.0013
R-Squared: 0.0%
Stock Volatility: 1.0%
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
TBLL Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|