GlobeNewswire Inc.T3·29mo ago
TWM ProShares UltraShort Russell2000
ETF 24.52 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.
TWM
$24.52
—
Key stats
$24.52
- 52-Week Range
- $20.16 – $37.66
- YTD
- -21.81%
- IV Rank (30D)
- 19.51
- Straddle Price
- $2.23
- P/C Vol Ratio
- 0.02
- Open
- $24.75
- Day Range
- $24.32 – $24.75
- Volume
- 247,905
- Prev Close
- $24.44
About
ProShares UltraShort Russell2000 (TWM) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2007-01-23
- Has Options
- Yes
Fund profile
holdings as of Oct 21, 2026issuer datathrough May 2026flows, SEC filings
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
- 0.95% prospectus, filed Apr 7, 2025
- Assets
- $61M shares × price, Oct 21, 2026
- Trailing yield
- 3.80% paid quarterly
- Average daily volume
- $22M 30 sessions
- Holdings
- 10 top 10 are 0.0%
- Listed
- Jan 23, 2007 NYSE Arca
Cost57
Liquidity78
Scale29
Diversificationn/a
Moves with. US large-cap stocks (56% of its variance, beta -1.98); Small caps over large (42% of its variance, beta -1.95). These factors explain 99% of its daily moves over the last year.
Stated objective. ProShares UltraShort Russell2000 (the Fund) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Russell 2000 Index (the Index). (from the fund's prospectus)
All 10 holdingsFlow historyOverlap toolAll Inverse Equity ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$8.4M latest reported month
- Latest 3 months
- +$7.3M +14.4% of assets
- Latest 12 months
- +$37M +73.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$8.4M |
| Apr 2026 | −$403K |
| Mar 2026 | −$683K |
| Feb 2026 | +$17M |
| Jan 2026 | +$1.3M |
| Dec 2025 | +$3.2M |
| Nov 2025 | −$1.8M |
| Oct 2025 | +$5.0M |
| Sep 2025 | +$5.3M |
| Aug 2025 | −$79K |
| Jul 2025 | +$2.1M |
| Jun 2025 | −$2.2M |
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 | |
|---|---|---|---|---|---|
| SOXSDirexion Daily Semiconductor Bear 3X ETF | — | — | $3.1B | −94.3% | compare |
| SQQQProShares UltraPro Short QQQ | — | 0.95% | $2.0B | −49.1% | compare |
| SHProShares Short S&P500 | — | 0.89% | $950M | −12.8% | compare |
| PSQProShares Short QQQ | — | 0.95% | $636M | −16.9% | compare |
| SPXUProShares UltraPro Short S&P 500 | — | 0.89% | $436M | −36.5% | compare |
The largest other funds in the Inverse Equity category.
Under the hood
fiscal year to May 31, 2026SEC census- Authorized participants
- 5 active of 39 with agreements; top 3 did 79%
- Created · redeemed
- $126M · $89M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
- 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
$-61,221,690
Provider
ProShares
Inception
2007-01-23
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.95%
Dividend Yield
3.80%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-29 | $0.1784 | CD |
| 2026-06-24 | 2026-06-30 | $0.2381 | CD |
| 2026-03-25 | 2026-03-31 | $0.1446 | CD |
| 2025-12-24 | 2025-12-31 | $0.3669 | CD |
| 2025-09-24 | 2025-09-30 | $0.4253 | CD |
| 2025-06-25 | 2025-07-01 | $0.5059 | CD |
Asset Allocation
Top Holdings
top 10 of 10 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IQMM | PROSHARES GENIUS MNY MKT ETF | 90.72% | Cash/Money Market | — |
| — | Net Other Assets (Liabilities) | 9.28% | Cash/Money Market | — |
| — | E-MINI RUSS 2000 EQUITY INDEX 18/DEC/2026 RTYZ6 INDEX | -14.38% | Derivative | — |
| — | Russell 2000 Index SWAP Goldman Sachs International | -15.33% | Derivative | — |
| — | Russell 2000 Index SWAP Bank of America NA | -21.14% | Derivative | — |
| — | Russell 2000 Index SWAP Societe Generale | -22.38% | Derivative | — |
| — | Russell 2000 Index SWAP Barclays Capital | -24.41% | Derivative | — |
| — | Russell 2000 Index SWAP UBS AG | -29.37% | Derivative | — |
| — | Russell 2000 Index SWAP BNP Paribas | -35.03% | Derivative | — |
| — | Russell 2000 Index SWAP Citibank NA | -37.97% | Derivative | — |
Non-Equity Breakdown
ProShares UltraShort Russell 2000 ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$51M
· 13 total positions
· equity 0.00%
· non-equity 57.56%
Non-equity holdings
— 13 positions,
57.56% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 74.76% | $38.0M | 1 |
| Repurchase agreement | 28.73% | $14.6M | 4 |
| Derivative (equity) | -45.92% | $-23371161 | 8 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -12.60% | 23.14% | -18.06% | 7.03% | -4.39% | -8.00% | -2.15% |
| Feb | -8.38% | -1.38% | 6.83% | -8.14% | 9.13% | 0.32% | -0.27% |
| Mar | 1.65% | -7.92% | 9.31% | -5.07% | 7.79% | 11.08% | 2.81% |
| Apr | -1.74% | 23.55% | 3.99% | 13.27% | -0.15% | -19.39% | 3.26% |
| May | -0.79% | -1.36% | 2.05% | -8.45% | -8.77% | -7.57% | -4.15% |
| Jun | -2.21% | 14.67% | -13.23% | 0.54% | -10.35% | -9.26% | -3.31% |
| Jul | 8.21% | -17.02% | -10.40% | -19.61% | -1.16% | 6.86% | -5.52% |
| Aug | -6.18% | 3.06% | 10.69% | -3.58% | -16.69% | 1.78% | -1.82% |
| Sep | 6.38% | 17.78% | 15.20% | -8.59% | -7.89% | 8.63% | 5.25% |
| Oct | -5.61% | -16.14% | 11.88% | 0.32% | -3.32% | 2.29%* | -1.76% |
| Nov | 13.77% | -5.57% | -15.66% | -18.63% | -2.98% | -- | -5.81% |
| Dec | -10.26% | 13.40% | -17.67% | 16.89% | -1.96% | -- | 0.08% |
| Total | -19.24% | 41.35% | -21.79% | -34.21% | -35.94% | -16.23% | -14.35% |
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: $24.27
SMA 50: $22.82
SMA 200: $24.86
Current: $24.48
EMA 12: $24.54
EMA 26: $24.00
MACD: 0.5384 | Signal: -0.0553
BULLISH
ADX (14): 38.77
TREND
+DI: 30.26
−DI: 18.23
Momentum Oscillators
RSI (14): 55.73
NEUTRAL
Stoch %K: 55.35
Stoch %D: 67.90
Williams %R: -44.83
Volume & Volatility
BB Upper: $25.51
BB Lower: $23.02
NEUTRAL
OBV: -5,316,751
Vol SMA 20: 855,578
Vol ROC: -72.46%
ATR: $0.62
True Range: $0.43
HV 20: 29.0%
HV 30: 26.1%
HV 60: 27.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Stock Analysis Report: TWM (ProShares UltraShort Russell2000)
Executive Summary
Overall Assessment: BEARISH on Russell 2000 / BULLISH on TWM Fund Performance | Confidence: 7/10
Investment Thesis: TWM is a -2x leveraged inverse ETF designed to profit from Russell 2000 declines. Current technical signals show strong uptrend momentum (ADX 38.37, +DI 36.43 vs -DI 16.07) with the fund trading above all major moving averages ($24.22 vs SMA200 $25.10, though above SMA20 $23.58 and SMA50 $22.17). The negative beta (-2.36) and -0.82 correlation to SPY confirm the fund operates as intended—profiting when small-cap equities weaken. Strong recent inflows (+$37M annualized, +73.5% of assets over 12 months) indicate sustained investor demand for Russell 2000 downside protection.
Recent News Sentiment Impact: All recent headlines are neutral corporate announcements regarding convertible debenture offerings (May 28-29, 2024). These are routine capital management activities with minimal impact on fund performance. The fund's price action appears driven by Russell 2000 weakness rather than company-specific news.
Technical Analysis
Trend Direction
- Short-term (1-4 weeks): BULLISH — Price at $24.22 trades above SMA20 ($23.58) and SMA50 ($22.17); EMA12 ($23.81) above EMA26 ($23.29) suggests upward momentum
- Medium-term (1-3 months): BULLISH — Price has risen from below SMA200 ($25.10), currently within 1.1% of the 200-day average, indicating recovery toward longer-term resistance
- Long-term (3-12 months): NEUTRAL TO MIXED — Price trades just below the 200-day MA ($25.10), suggesting the fund remains in a transitional zone between intermediate strength and longer-term weakness
Support/Resistance Levels
| Level | Type | Notes | |-------|------|-------| | $24.48 | Resistance | Upper Bollinger Band; immediate ceiling | | $24.22 | Current | Support building here; EMA12 support | | $23.58 | Support | SMA20; psychological level | | $22.67 | Support | Lower Bollinger Band; intermediate support | | $22.17 | Support | SMA50; key moving average | | $25.10 | Resistance | SMA200; significant overhead resistance |
Momentum Signals
RSI (14): 63.66 — NEUTRAL
- Reading sits comfortably in the neutral zone (30-70), avoiding overbought (>70) or oversold (<30) extremes
- Suggests room for continued upside without immediate mean-reversion pressure
- Not showing capitulation or euphoria—healthy momentum state
MACD: 0.52 / Signal: -0.01 / Histogram: 0.53 — BULLISH DIVERGENCE
- MACD line (0.52) sits above the signal line (-0.01) with positive histogram (0.53)
- Recently crossed above signal line, confirming upside momentum initiation
- This is a fresh bullish crossover, suggesting accelerating uptrend in early stage
Stochastic Oscillators: %K 71.97, %D 72.65 — OVERBOUGHT WARNING
- Both K and D readings exceed 70 threshold, indicating the fund has moved into overbought territory
- %K approaching %D from below suggests potential for momentum plateauing
- Potential mean-reversion pressure if prices consolidate or pull back
Bollinger Bands: Width 7.69 — NEUTRAL (Slight Squeeze)
- Price ($24.22) sits in the upper-middle zone between middle band ($23.58) and upper band ($24.48)
- Band width of 7.69 is moderate—not in extreme squeeze (would signal breakout potential) but not extremely wide either
- Suggests volatility is constrained; breakout potential exists in either direction
Williams %R: -27.50 — BULLISH
- Strong positive reading (closer to 0 than -100) indicates strong upside momentum
- Confirms RSI and MACD bullish positioning
Volume Analysis
Volume Rate of Change: -69.59% — RED FLAG
- Sharp volume decline of nearly 70% vs 20-day SMA ($951,477.80)
- Current volume is severely depleted, suggesting weak conviction behind the uptrend
- This is concerning: uptrends on declining volume typically lack sustainability
- Volume should confirm price advances; this divergence signals potential weakness
On-Balance Volume (OBV): -790,786.76 — BEARISH DIVERGENCE
- Deeply negative OBV indicates cumulative selling pressure despite price advances
- OBV failing to confirm price strength is a classic warning signal
- Suggests that while price has risen, volume-weighted buying has been insufficient to overcome prior selling
Institutional Interest Assessment:
- The sharp volume decline contradicts the technical uptrend—institutional buyers may be stepping back
- Low current volume suggests retail or momentum-driven moves rather than institutional accumulation
News & Sentiment Analysis
Recent Headlines Summary
- May 28-29, 2024: Tidewater Midstream (the underlying company) announced upsized convertible debenture offering ($75M → $87M) with intention to redeem existing debentures
- January 2024: Macro-focused commentary on disinflation, recession risks, job markets, and Fed policy
- October 2023: Speculative question on Fed policy triggering crisis
Sentiment Assessment: NEUTRAL
- All recent headlines carry neutral sentiment with no bullish or bearish catalysts
- The convertible debenture announcements are routine corporate financing—neither positive nor negative for the fund
- Macro commentary is general market discussion, not specific to TWM or Russell 2000 dynamics
Catalyst Identification
Immediate (1-7 days):
- None identified from current news flow
Near-term (1-4 weeks):
- No earnings data available for the fund itself (ETFs don't report earnings)
- Watch for Russell 2000 component company earnings; fund profits when small caps underperform
Medium-term (1-3 months):
- Federal Reserve policy signals and rate decision expectations (critical for small-cap performance)
- Macroeconomic data on employment, inflation, GDP (inversely affects small-cap stocks)
- Market rotation events between large-cap and small-cap equities
Market Narrative
How News Aligns with Technical Signals:
- News-to-technicals DISCONNECT: Technical indicators show uptrend strength (MACD bullish, ADX 38.37 trend regime), but volume analysis and OBV show underlying weakness
- The fund's uptrend appears driven by Russell 2000 weakness (small-cap decline = inverse fund gains), not by positive news catalysts
- Neutral news sentiment combined with volume divergence suggests the current uptrend may be vulnerable to reversal
Risk & Volatility Assessment
Beta Interpretation: -2.36 (vs SPY)
Critical Understanding of Negative Beta:
- Beta of -2.36 means TWM moves opposite and amplified relative to the S&P 500
- For every 1% the S&P 500 rises, TWM tends to fall ~2.36%
- For every 1% the S&P 500 falls, TWM tends to rise ~2.36%
- This is the intended design of the fund as an inverse leveraged instrument
Risk Implication:
- TWM is fundamentally a bet against U.S. equities, specifically small-cap stocks
- In a bull market for large-cap equities, this fund will systematically underperform
- In a bear market or small-cap underperformance regime, the fund benefits significantly
- Current stock market strength (if present) represents a persistent headwind for TWM
Correlation Analysis: -0.82 (vs SPY)
- Strong negative correlation confirms inverse relationship is stable and reliable
- R² interpretation (correlation squared = 0.67) suggests 67% of TWM's variance is explained by inverse S&P 500 movement
- 33% of variance is unexplained, likely driven by Russell 2000-specific factors, fund structure, and leverage mechanics
Volatility Regime
Historical Volatility:
- HV
Generated
News
All TWM news →
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TWM Options Activity & IV Rank
TWM IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 38.7%
7-DTE IV: —
Expected Move: $2.23
7-DTE Move: $2.23
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 50
Put Volume: 1
P/C Volume: 0.02
BULLISH
Call OI: 143
Put OI: 1
P/C OI: 0.007
Total OI: 144
ATM Options Pricing
ATM Call: $0.97
ATM Put: $1.25
Call %: 4.0%
Put %: 5.1%
Chain Summary
Chain Volume: 286
Chain OI: 409
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
+1.00
OI-weighted, today
Vanna tilt
+0.08
δ-sensitivity to IV
Charm tilt
-0.11
δ-decay vs time
? What is this?
· 7 ATM contracts, 0k 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 38.7% / 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)19.5LowOct 22
Straddle Price (30 DTE)$2.23Oct 22
Beta Analysis
Risk Metrics
Beta: -2.3352
Alpha: 9.66%
Correlation: -0.8188
R-Squared: 67.0%
Stock Volatility: 36.3%
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
TWM Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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.
3 filers$2.63M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.86M | 70.60% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $556.29K | 21.15% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $217.14K | 8.25% | 2026-06-30 |
1 filers$835.47K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $835.47K | 100.00% | 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
267.93K
SI % of Float
10.71%
Days to Cover
1.00
Short Vol Ratio
41.4%
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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