TFFI Chesapeake Trend-Following Fixed Income ETF
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Chesapeake Trend-Following Fixed Income ETF (TFFI) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2026-02-23
- Has Options
- No
- Expense ratio
- 1.01% prospectus, filed Feb 6, 2026
- Assets
- $37M SEC filing, Jun 30, 2026
- Trailing yield
- —
- Average daily volume
- $229K 30 sessions
- Holdings
- 48 top 10 are 58.7%
- Listed
- Feb 23, 2026 NYSE Arca
Moves with. High yield over Treasuries (14% of its variance, beta 0.90); Long Treasuries (9% of its variance, beta -0.16); US large-cap stocks (6% of its variance, beta -0.15). These factors explain 35% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The Chesapeake Trend-Following Fixed Income ETF (the Fund) seeks to preserve capital and generate long-term capital appreciation. (from the fund's prospectus)
All 48 holdingsFlow historySimilar fundsOverlap toolAll Multisector Bond ETFs
- Jun 2026
- +$1.5M latest reported month
- Latest 3 months
- +$18M +48.1% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$1.5M |
| May 2026 | +$2.0M |
| Apr 2026 | +$14M |
| Mar 2026 | +$19M |
| Feb 2026 | +$500K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 5 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| WTBNWisdomTree Bianco Total Return Fund | 14% | 0.60% | $107M | −6.8% | compare |
| TFPNBlueprint Chesapeake Multi-Asset Trend ETF | 11% | 1.96% | $170M | +19.0% | compare |
| BDBTBluemonte Core Bond ETF | 10% | 0.23% | $481M | −5.7% | compare |
| FIXPFolioBeyond Enhanced Fixed Income Premium ETF | 9% | 1.01% | $9.9M | −3.6% | compare |
| RAASMI 3Fourteen REAL Asset Allocation ETF | 8% | 0.90% | $595M | +9.1% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +50.0% 100% under, 0% over · 100% covered
- Price / earnings
- 114.1 0% loss-making · 100% covered
- Price / book · sales
- 0.5 · 1.1 revenue growth −4.7%
- Above 200-day average
- 0% 0% above 50-day · by weight
- Short interest
- 7.5% of float, weighted · 3.7 days to cover
- Insider buying
- 100% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- +6.9% change in shares held by institutions, latest quarter
- Reporting earnings
- 100.0% of weight in 7 days; 100.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $37M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- 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.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | First American Government Obli | 36.01% | Short-term investment | US |
| MUB | iShares National Muni Bond ETF | 11.38% | Equity (common) | US |
| TIP | iShares TIPS Bond ETF | 9.33% | Equity (common) | US |
| VCSH | Vanguard Short-Term Corporate | 9.06% | Equity (common) | US |
| CWB | State Street SPDR Bloomberg Co | 7.94% | Equity (common) | US |
| PFF | iShares Preferred and Income S | 6.83% | Equity (common) | US |
| VCIT | Vanguard Intermediate-Term Cor | 4.70% | Equity (common) | US |
| MBB | iShares MBS ETF | 4.43% | Equity (common) | US |
| EMB | iShares J.P. Morgan USD Emergi | 3.49% | Equity (common) | US |
| BXMT | Blackstone Mortgage Trust Inc | 1.28% | Equity (common) | US |
| — | N/A | 0.30% | Derivative (credit) | US |
| — | N/A | 0.20% | Derivative (credit) | US |
| — | N/A | 0.18% | Derivative (interest rate) | US |
| — | N/A | 0.04% | Derivative (interest rate) | US |
| — | N/A | 0.03% | Derivative (interest rate) | CA |
| — | N/A | 0.02% | Derivative (interest rate) | US |
| — | N/A | 0.01% | Derivative (interest rate) | GB |
| — | N/A | 0.01% | Derivative (interest rate) | US |
| — | N/A | 0.00% | Derivative (credit) | JP |
| — | N/A | 0.00% | Derivative (interest rate) | US |
| — | N/A | 0.00% | Derivative (interest rate) | GB |
| — | N/A | -0.01% | Derivative (credit) | NZ |
| — | N/A | -0.01% | Derivative (interest rate) | US |
| — | N/A | -0.02% | Derivative (credit) | CA |
| — | N/A | -0.03% | Derivative (interest rate) | GB |
| — | N/A | -0.03% | Derivative (credit) | GB |
| — | N/A | -0.03% | Derivative (interest rate) | US |
| — | N/A | -0.03% | Derivative (interest rate) | US |
| — | N/A | -0.04% | Derivative (interest rate) | JP |
| — | N/A | -0.04% | Derivative (interest rate) | DE |
| — | N/A | -0.04% | Derivative (interest rate) | US |
| — | N/A | -0.05% | Derivative (interest rate) | DE |
| — | N/A | -0.05% | Derivative (interest rate) | CA |
| — | N/A | -0.05% | Derivative (interest rate) | GB |
| — | N/A | -0.05% | Derivative (interest rate) | DE |
| — | N/A | -0.06% | Derivative (interest rate) | GB |
| — | N/A | -0.06% | Derivative (credit) | GB |
| — | N/A | -0.06% | Derivative (interest rate) | DE |
| — | N/A | -0.06% | Derivative (interest rate) | CA |
| — | N/A | -0.07% | Derivative (interest rate) | DE |
| — | N/A | -0.07% | Derivative (interest rate) | CA |
| — | N/A | -0.08% | Derivative (interest rate) | AU |
| — | N/A | -0.09% | Derivative (interest rate) | AU |
| — | N/A | -0.09% | Derivative (interest rate) | AU |
| — | N/A | -0.10% | Derivative (interest rate) | DE |
| — | N/A | -0.11% | Derivative (interest rate) | DE |
| STWD | Starwood Property Trust Inc | -0.27% | Equity (common) | US |
| — | N/A | -0.29% | Derivative (interest rate) | AU |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 36.01% | $13.3M | 1 |
| Derivative (credit) | 0.39% | $144688 | 7 |
| Derivative (interest rate) | -1.21% | $-447395 | 30 |
| Month | '26 | Avg |
|---|---|---|
| Jan | -- | -- |
| Feb | -0.00% | 0.00% |
| Mar | -2.44% | -2.44% |
| Apr | 1.40% | 1.40% |
| May | -1.98% | -1.98% |
| Jun | -1.43% | -1.43% |
| Jul | 2.58% | 2.58% |
| Aug | 1.97% | 1.97% |
| Sep | 4.88% | 4.88% |
| Oct | -0.47%* | -0.47% |
| Nov | -- | -- |
| Dec | -- | -- |
| Total | 4.36% | 4.36% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10)
Key drivers:
- Strong technical momentum with bullish MACD signal
- Overbought RSI, indicating potential sell signal
- High volume and institutional interest suggest market participants are interested in the stock's movement
Primary risks:
- Potential reversal due to overbought RSI
- High volatility could lead to sudden price movements
Investment thesis: The stock is experiencing a strong technical momentum, but its overbought status may lead to a potential sell signal. Market participants' interest is high, indicating that the stock's movement might be driven by market forces rather than fundamental analysis.
Recent news sentiment impact: No recent news available; however, if news were to break, it would likely have a significant impact on the stock's price given its current overbought status.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - Bullish, Medium-term (1-3 months) - Neutral, Long-term (3-12 months) - Bullish
Support/Resistance Levels: Key levels are:
- SMA 20: $20.34
- EMA 12: $20.50
- Upper Bollinger Band: $20.77
- Lower Bollinger Band: $19.91
Momentum Signals: RSI interpretation: Overbought (73.85 > 70) MACD signal: Bullish (0.16 / Signal: 0.06 / Histogram: 0.09) Bollinger Bands position: Squeeze
Volume Analysis: Volume SMA 20 is $13994.25, indicating moderate volume.
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Neutral sentiment, as no significant news events have occurred recently.
Catalyst Identification: No upcoming earnings or major events are scheduled; however, any unexpected news could drive the stock's price significantly.
Market Narrative: The absence of recent news allows technical signals to dominate the market narrative.
Risk & Volatility Assessment
Beta Interpretation: Beta is -0.10, indicating that the stock moves opposite to the market (high risk).
Volatility Regime: Current volatility is moderate (8.5% HV20) compared to historical levels.
Options Market Signals: No options data available; however, if IV Premium vs HV30 were positive, it would indicate implied richer than realized volatility.
Downside Protection: Support levels are SMA 20 ($20.34) and Lower Bollinger Band ($19.91).
Market Context & Positioning
Sector Performance: The stock's sector (Healthcare Technology) is performing relatively well compared to the broader market.
Institutional Activity: High volume and institutional interest suggest that market participants are interested in the stock's movement.
Correlation Analysis: Correlation with SPY is -0.18, indicating an inverse relationship between the two.
Relative Valuation: The stock is trading within its expected range, considering its recent performance and technical indicators.
Key Levels & Action Items
Critical Price Levels: SMA 20 ($20.34) and Upper Bollinger Band ($20.77).
Breakout/Breakdown Levels: Lower Bollinger Band ($19.91) and EMA 12 ($20.50).
Time-Sensitive Catalysts: No upcoming earnings or major events are scheduled; however, any unexpected news could drive the stock's price significantly.
Risk Management: Consider setting a stop-loss around $20.34 to limit potential losses if the stock reverses its trend.
TFFI Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
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.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 166
Period: 252 trading days
Negative beta - stock moves opposite to market
TFFI 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 |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| MUB | iShares National Muni Bond ETF | 11.38% | $103.13 | +0.66% | +0.63% | +1.52% |
| TIP | iShares TIPS Bond ETF | 9.33% | $105.98 | +0.41% | +0.66% | +1.62% |
| VCSH | Vanguard Short-Term Corporate | 9.06% | $77.56 | +0.22% | +0.10% | +0.35% |
| CWB | State Street SPDR Bloomberg Co | 7.94% | $95.65 | -1.09% | -1.48% | -6.47% |
| PFF | iShares Preferred and Income S | 6.83% | $28.88 | +0.20% | -1.01% | -3.00% |
| VCIT | Vanguard Intermediate-Term Cor | 4.70% | $79.17 | +0.48% | +0.22% | +0.60% |
| MBB | iShares MBS ETF | 4.43% | $91.08 | +0.59% | +0.54% | +1.35% |
| EMB | iShares J.P. Morgan USD Emergi | 3.49% | $91.56 | +0.14% | -0.28% | -0.67% |
| BXMT | Blackstone Mortgage Trust Inc | 1.28% | $10.52 | +3.14% | -2.41% | -15.09% |
| STWD | Starwood Property Trust Inc | -0.27% | $12.48 | +2.93% | -0.99% | -13.06% |