Zacks Investment ResearchT3·9d ago
TBT ProShares Trust UltraShort Lehman 20+ Year Treasury
ETF 38.36 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.
TBT
$38.36
—
Key stats
$38.36
- 52-Week Range
- $31.71 – $43.77
- YTD
- +9.88%
- IV Rank (30D)
- 69.82
- Straddle Price
- $2.35
- P/C Vol Ratio
- 0.15
- Open
- $38.92
- Day Range
- $38.34 – $39.17
- Volume
- 426,949
- Prev Close
- $39.82
About
ProShares Trust UltraShort Lehman 20+ Year Treasury (TBT) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2008-04-29
- Has Options
- Yes
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
Leveraged & Inverse
Leveraged & Inverse Bond#3 of 18 by assets
ProShares
20+ Year Treasury
Index-tracking
Resets to −2x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from −2x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- 0.91% prospectus, filed Apr 7, 2025
- Assets
- $332M shares × price, Oct 21, 2026
- Trailing yield
- 2.30% paid quarterly
- Average daily volume
- $17M 30 sessions
- Holdings
- 10 top 10 are 8.0%
- Listed
- Apr 29, 2008 NYSE Arca
- Last fee change
- +1 bp filed Sep 26, 2024
- Tracking difference
- -4.65 pts vs index, after fees, FY 2026
Cost67
Liquidity74
Scale56
Diversificationn/a
Moves with. Long Treasuries (89% of its variance, beta -1.85); High yield over Treasuries (4% of its variance, beta 0.40). These factors explain 96% of its daily moves over the last year.
Stated objective. ProShares UltraShort 20+ Year Treasury (the Fund) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index (the Index). (from the fund's prospectus)
All 10 holdingsFlow historyOverlap toolAll Leveraged & Inverse Bond ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$40M latest reported month
- Latest 3 months
- +$85M +25.6% of assets
- Latest 12 months
- +$36M +10.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$40M |
| Apr 2026 | +$29M |
| Mar 2026 | +$16M |
| Feb 2026 | −$30M |
| Jan 2026 | +$14M |
| Dec 2025 | +$14M |
| Nov 2025 | −$27M |
| Oct 2025 | −$18M |
| Sep 2025 | −$9.4M |
| Aug 2025 | +$5.0M |
| Jul 2025 | +$16M |
| Jun 2025 | −$15M |
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 | |
|---|---|---|---|---|---|
| TMFDirexion Daily 20+ Year Treasury Bull 3X ETF | — | — | $2.2B | −34.9% | compare |
| SHYDVanEck Short High Yield Muni ETF | — | 0.32% | $497M | −2.0% | compare |
| TMVDirexion Daily 20+ Year Treasury Bear 3X ETF | — | — | $224M | +39.7% | compare |
| TBFProShares Short 20+ Year Treasury ETF | — | 0.95% | $126M | +12.1% | compare |
| UBTProShares Ultra 20+ Year Treasury | — | 0.95% | $69M | −22.3% | compare |
The largest other funds in the Leveraged & Inverse Bond category.
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 5 active of 39 with agreements; top 3 did 85%
- Created · redeemed
- $253M · $220M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
- Return vs index
- -4.65 pts after fees; -3.72 before
- 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 2026-10-21
Holdings
10
AUM
$-314,149,043
Provider
ProShares
Inception
2008-04-29
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.91%
Dividend Yield
2.30%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-29 | $0.2265 | CD |
| 2026-06-24 | 2026-06-30 | $0.2118 | CD |
| 2026-03-25 | 2026-03-31 | $0.1692 | CD |
| 2025-12-24 | 2025-12-31 | $0.3076 | CD |
| 2025-09-24 | 2025-09-30 | $0.2796 | CD |
| 2025-06-25 | 2025-07-01 | $0.2803 | CD |
Asset Allocation
Top Holdings
top 10 of 10 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IQMM | PROSHARES GENIUS MNY MKT ETF | 74.41% | Cash/Money Market | — |
| — | Net Other Assets (Liabilities) | 17.57% | Cash/Money Market | — |
| — | TREASURY BILL | 8.02% | Treasury | US |
| — | US LONG BOND(CBT) BOND 21/DEC/2026 USZ6 COMDTY | -3.76% | Derivative | — |
| — | ICE 20+ YEAR U.S. TREASURY INDEX SWAP SOCIETE GENERALE | -15.33% | Derivative | — |
| — | ICE 20+ YEAR U.S. TREASURY INDEX SWAP CITIBANK NA | -32.65% | Derivative | — |
| — | ICE 20+ YEAR U.S. TREASURY INDEX SWAP GOLDMAN SACHS INTERNATIONAL | -34.81% | Derivative | — |
| — | ICE 20+ Year U.S. Treasury Index SWAP Barclays Capital | -36.12% | Derivative | — |
| — | ICE 20+ YEAR U.S. TREASURY INDEX SWAP MORGAN STANLEY & CO. INTERNATIONAL PLC | -39.34% | Derivative | — |
| — | ICE 20+ YEAR U.S. TREASURY INDEX SWAP BANK OF AMERICA NA | -39.55% | Derivative | — |
Non-Equity Breakdown
ProShares UltraShort 20+ Year Treasury ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$333M
· 12 total positions
· equity 0.00%
· non-equity 96.70%
Non-equity holdings
— 12 positions,
96.70% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 72.17% | $240.3M | 1 |
| Repurchase agreement | 21.71% | $72.3M | 4 |
| Derivative (equity) | 2.84% | $9.5M | 6 |
| Derivative (interest rate) | -0.02% | $-79270 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 6.74% | 2.20% | -10.65% | 3.95% | -0.30% | 0.57% | 0.42% |
| Feb | 11.79% | 1.86% | 13.62% | 9.21% | -8.67% | -8.56% | 3.21% |
| Mar | 7.46% | 12.59% | -12.08% | -0.57% | 3.51% | 6.71% | 2.94% |
| Apr | -2.13% | 21.65% | 0.58% | 10.72% | 4.21% | 2.36% | 6.23% |
| May | -0.10% | -0.08% | 0.68% | -3.45% | 6.30% | 0.00% | 0.56% |
| Jun | -8.33% | 1.44% | -0.27% | -1.54% | -7.24% | -2.27% | -3.04% |
| Jul | -7.71% | -3.58% | 4.64% | -9.19% | 3.20% | 9.05% | -0.60% |
| Aug | 1.70% | 14.46% | 3.48% | -1.89% | 3.71% | -0.05% | 3.57% |
| Sep | 5.76% | 13.53% | 13.95% | -1.36% | -8.55% | 10.45% | 5.63% |
| Oct | -3.77% | 16.78% | 7.55% | 14.44% | -2.02% | -9.13%* | 3.98% |
| Nov | -7.54% | -11.48% | -13.52% | -6.30% | -0.48% | -- | -7.86% |
| Dec | 4.71% | 11.34% | -13.74% | 13.94% | 2.92% | -- | 3.83% |
| Total | 6.28% | 108.41% | -10.77% | 27.57% | -4.87% | 7.39% | 22.34% |
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: $41.40
SMA 50: $39.71
SMA 200: $36.46
Current: $38.34
EMA 12: $40.40
EMA 26: $40.49
MACD: -0.0944 | Signal: -0.4774
BULLISH
ADX (14): 24.16
WEAK TREND
+DI: 23.50
−DI: 33.00
Momentum Oscillators
RSI (14): 33.85
NEUTRAL
Stoch %K: 7.18
Stoch %D: 13.78
Williams %R: -100.00
Volume & Volatility
BB Upper: $43.89
BB Lower: $38.91
OVERSOLD
OBV: -3,982,227
Vol SMA 20: 447,945
Vol ROC: 32.84%
ATR: $0.90
True Range: $1.48
HV 20: 23.4%
HV 30: 24.2%
HV 60: 22.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is a comprehensive stock analysis report for TBT:
Executive Summary
Overall assessment: NEUTRAL with confidence level 6/10.
Key drivers and primary risks:
- Trend direction: Short-term (1-4 weeks): NEUTRAL; Medium-term (1-3 months): BEARISH; Long-term (3-12 months): BULLISH.
- Support/resistance levels: Key price levels from moving averages and technical patterns: $37.17 (lower band) and $39.13 (upper band).
- Momentum signals:
- RSI interpretation: 52.88 (neutral).
- MACD signal: Bullish, with a bullish crossover above the signal line.
- Bollinger Bands position: Neutral, as price is near the middle band.
Technical Analysis
Trend Direction: Short-term: NEUTRAL; Medium-term: BEARISH; Long-term: BULLISH.
Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- Lower band: $37.17
- Middle band: $38.15
- Upper band: $39.13
Momentum Signals:
- RSI interpretation: 52.88 (neutral).
- MACD signal: Bullish, with a bullish crossover above the signal line.
- Bollinger Bands position: Neutral, as price is near the middle band.
News & Sentiment Analysis
Recent Headlines Summary: Key themes from last 10 news articles: NEUTRAL sentiment on inflation relief and consumer cooldown, potential rate cuts, and income growth strategies.
Sentiment Assessment: Aggregate news sentiment: NEUTRAL (5/6 neutral headlines).
Catalyst Identification: Upcoming events: Central Banks meeting in June, rate cuts expectations; product launches: None mentioned.
Market Narrative: News aligns with the technical signals, as the market is expected to move cautiously due to inflation concerns and potential rate cuts.
Risk & Volatility Assessment
Beta Interpretation: Risk relative to market (beta = -0.36): Stock moves opposite to market.
Volatility Regime: Current vs historical volatility levels: Historical average 22.6% vs current 20.9%.
Options Market Signals: IV rank: Medium (56.0%), indicating historically moderate volatility; put/call ratios: Neutral sentiment (0.78).
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: TBT is performing in line with the broader market.
Institutional Activity: Volume patterns suggesting institutional interest: 124 calls vs 97 puts, indicating some buying pressure.
Correlation Analysis: How stock moves relative to market (R-squared interpretation): -0.25, indicating a negative correlation.
Key Levels & Action Items
Critical Price Levels: Support/resistance levels from moving averages and technical patterns:
- Lower band: $37.17
- Middle band: $38.15
- Upper band: $39.13
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Bullish breakout above the upper band ($39.13)
- Bearish breakdown below the lower band ($37.17)
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches: None mentioned.
Risk Management: Stop-loss levels and position sizing considerations:
- Consider setting a stop-loss order around $36.50 (10% below current price) to limit potential losses.
- Position sizing should be cautious due to the stock's negative beta and historically moderate volatility.
By analyzing the data, I conclude that TBT is in a neutral trend, with mixed technical signals and no clear catalysts driving the stock. The options market suggests some buying pressure, but this is tempered by the stock's negative beta and historical volatility levels. Overall, my confidence level remains at 6/10 due to the lack of clear directional momentum and potential for price fluctuations based on macroeconomic factors.
Generated
News
All TBT news →
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TBT Options Activity & IV Rank
TBT IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 27.4%
7-DTE IV: —
Expected Move: $2.35
7-DTE Move: $2.35
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 2,933
Put Volume: 437
P/C Volume: 0.149
BULLISH
Call OI: 4,926
Put OI: 3,229
P/C OI: 0.656
Total OI: 8,155
ATM Options Pricing
ATM Call: $1.45
ATM Put: $0.90
Call %: 3.8%
Put %: 2.3%
Chain Summary
Chain Volume: 6,796
Chain OI: 24,712
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
LOW γ vs HISTORY
Estimated net dealer gamma is at the 15th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
15%
vs own history
GEX tilt
+0.10
OI-weighted, today
Vanna tilt
+0.28
δ-sensitivity to IV
Charm tilt
-0.32
δ-decay vs time
Charm tilt -0.32: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 62 ATM contracts, 12k 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
—
—
pts
EXTREME
ATM 28.1% / 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)69.8MediumOct 22
Straddle Price (30 DTE)$2.35Oct 22
Beta Analysis
Risk Metrics
Beta: -0.4517
Alpha: 27.18%
Correlation: -0.2917
R-Squared: 8.5%
Stock Volatility: 19.8%
Market Volatility: 12.8%
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
TBT 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$31.34M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $15.40M | 49.13% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $13.97M | 44.57% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.95M | 6.21% | 2026-06-30 |
| 4 | HAP TRADING, LLC | $25.30K | 0.08% | 2025-09-30 |
4 filers$14.85M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $6.54M | 44.03% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $6.29M | 42.34% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $1.72M | 11.56% | 2026-06-30 |
| 4 | HAP TRADING, LLC | $307.41K | 2.07% | 2025-09-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
1.54M
SI % of Float
18.45%
Days to Cover
3.47
Short Vol Ratio
66.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|