Zacks Investment ResearchT3·1mo ago
USRT iShares Core U.S. REIT ETF
ETF 63.16 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.
USRT
$63.16
—
Key stats
$63.16
- 52-Week Range
- $56.44 – $70.09
- YTD
- +10.67%
- IV Rank (30D)
- 27.39
- Straddle Price
- $2.42
- P/C Vol Ratio
- 3.95
- Open
- $62.37
- Day Range
- $62.25 – $63.23
- Volume
- 1,123,166
- Prev Close
- $62.28
About
iShares Core U.S. REIT ETF (USRT) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2007-05-01
- Has Options
- Yes
- Homepage
- https://www.ishares.com/us
Fund profile
holdings as of Oct 20, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.08% issuer, Oct 22, 2026
- Assets
- $4.2B issuer-reported, Oct 20, 2026
- Trailing yield
- 2.82% paid quarterly
- Average daily volume
- $74M 30 sessions
- Holdings
- 127 top 10 are 50.3%
- Listed
- May 1, 2007 NYSE Arca
- Net asset value
- $62.28 issuer, Oct 21, 2026 · closed -0.00% to NAV
- Median bid/ask spread
- 0.02% 30 days, issuer-reported
- 30-day SEC yield
- 3.20% issuer, Sep 30, 2026
- Return on NAV, 1 year
- +8.0% issuer, through Sep 30, 2026 · 3 years +12.5% a year · 5 years +4.1% · 10 years +5.5%
- Distributions, 12 months
- $1.75 a share issuer, through Sep 15, 2026: 100% income
- Tracking difference
- -0.12 pts vs index, after fees, FY 2026
Cost97
Liquidity96
Scale97
Diversification60
Moves with. US large-cap stocks (14% of its variance, beta 0.60); Value over growth (14% of its variance, beta 0.44); Developed markets ex-US over US (8% of its variance, beta 0.33); Small caps over large (5% of its variance, beta 0.18). These factors explain 47% of its daily moves over the last year.
Stated objective. The iShares Core U.S. REIT ETF (the Fund ) seeks to track the investment results of an index composed of U.S. real estate equities. (from the fund's prospectus)
All 127 holdingsFlow historySimilar fundsOverlap toolAll Real Estate ETFs
Fund flows
daily as of Oct 20, 2026issuer datathrough Jul 2026SEC filings- Oct 20, 2026
- +$6.3M latest day
- Latest 5 trading days
- −$43M
- Latest 21 trading days
- −$123M −2.9% of assets
- Year to date
- +$628M +$845M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 20, 2026 | +$6.3M |
| Oct 19, 2026 | −$15M |
| Oct 16, 2026 | −$12M |
| Oct 15, 2026 | −$6.2M |
| Oct 14, 2026 | −$15M |
| Oct 13, 2026 | −$6.2M |
| Oct 12, 2026 | $0 |
| Oct 9, 2026 | +$6.2M |
| Oct 8, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 6, 2026 | +$9.3M |
| Oct 5, 2026 | −$12M |
| Oct 2, 2026 | −$86M |
| Oct 1, 2026 | −$34M |
| Sep 30, 2026 | +$15M |
| Sep 29, 2026 | +$9.3M |
| Sep 28, 2026 | +$6.2M |
| Sep 25, 2026 | +$6.2M |
| Sep 24, 2026 | +$9.4M |
| Sep 23, 2026 | −$3.1M |
| Sep 22, 2026 | $0 |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jul 2026
- +$213M latest reported month
- Latest 3 months
- +$675M +14.5% of assets
- Latest 12 months
- +$1.0B +22.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$213M |
| Jun 2026 | +$429M |
| May 2026 | +$33M |
| Apr 2026 | −$5.7M |
| Mar 2026 | +$59M |
| Feb 2026 | +$44M |
| Jan 2026 | −$60M |
| Dec 2025 | +$92M |
| Nov 2025 | +$116M |
| Oct 2025 | +$8.7M |
| Sep 2025 | +$79M |
| Aug 2025 | +$34M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BBREJPMorgan BetaBuilders MSCI U.S. REIT ETF | 91% | 0.11% | $1.3B | +4.4% | compare |
| FRIFirst Trust S&P REIT Index Fund | 89% | 0.50% | $197M | +5.1% | compare |
| DFARDFA Real Estate Securities Portfolio ETF Class Shares | 89% | 0.18% | $1.7B | +2.5% | compare |
| RWRState Street SPDR Dow Jones REIT ETF | 88% | 0.25% | $1.8B | +4.3% | compare |
| SCHHSchwab U.S. REIT ETF | 86% | 0.07% | $10.8B | +2.9% | 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
- +10.4% 41% under, 14% over · 96% covered
- Price / earnings
- 37.9 5% loss-making · 96% covered
- Price / book · sales
- 2.2 · 6.7 revenue growth +9.5%
- Above 200-day average
- 31% 21% above 50-day · by weight
- Short interest
- 4.4% of float, weighted · 5.0 days to cover
- Insider buying
- 19% of weight had net insider buying, 90 days; 37% net selling
- 13F holders
- +2.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 51.5% of weight in 7 days; 87.7% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.49%
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
Jan 31, 2026 → Apr 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Decrease | PLDPROLOGIS INC | 8.07% | 7.52% | −10.5% |
| Decrease | EQIXEQUINIX INC | 5.99% | 6.44% | −14.9% |
| Decrease | WELLWELLTOWER INC | 8.54% | 8.31% | −11.9% |
| Exit | ALEXAlexander & Baldwin Inc | 0.13% | — | — |
| Decrease | DLRDIGITAL REALTY TRUST INC | 4.54% | 4.46% | −15.1% |
| Exit | AIVApartment Investment and Manag | 0.07% | — | — |
| Increase | SMASMARTSTOP SELF STORAGE REIT INC | 0.09% | 0.15% | +77.4% |
| Increase | SVCSERVICE PROPERTIES TRUST | 0.03% | 0.07% | +254.8% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.3%. Full holdings and history
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 9 active of 36 with agreements; top 3 did 67%
- Created · redeemed
- $751M · $298M over the fiscal year
- Redemptions in kind
- 99% creations 99% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.13% of assets on loan on average; earned 0.0 bp
- Return vs index
- -0.12 pts after fees; -0.04 before; daily s.d. 0.02
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
127
AUM
$4.2B
Provider
iShares (BlackRock)
Inception
2007-05-01
Exchange
ARCX
Data As Of
2026-10-21
Expense Ratio
0.08%
Dividend Yield
2.82%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-15 | 2026-09-18 | $0.4731 | CD |
| 2026-06-15 | 2026-06-18 | $0.3737 | CD |
| 2026-03-17 | 2026-03-20 | $0.2118 | CD |
| 2025-12-16 | 2025-12-19 | $0.6955 | CD |
| 2025-09-16 | 2025-09-19 | $0.4238 | CD |
| 2025-06-16 | 2025-06-20 | $0.3781 | CD |
Asset Allocation
Top Holdings
top 50 of 127 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| WELL | WELLTOWER | 9.23% | Equity (US) | US |
| PLD | PROLOGIS REIT | 7.08% | Equity (US) | US |
| EQIX | EQUINIX REIT | 6.15% | Equity (US) | US |
| SPG | SIMON PROPERTY GROUP REIT INC | 4.56% | Equity (US) | US |
| DLR | DIGITAL REALTY TRUST REIT | 4.34% | Equity (US) | US |
| PSA | PUBLIC STORAGE REIT | 4.21% | Equity (US) | US |
| O | REALTY INCOME REIT | 4.01% | Equity (US) | US |
| VMRK | VIVMARK RESIDENTIAL | 3.96% | Equity (US) | US |
| VTR | VENTAS REIT | 3.88% | Equity (US) | US |
| IRM | IRON MOUNTAIN INC | 3.03% | Equity (US) | US |
| EXR | EXTRA SPACE STORAGE REIT | 2.62% | Equity (US) | US |
| VICI | VICI PPTYS INC | 2.24% | Equity (US) | US |
| ESS | ESSEX PROPERTY TRUST REIT | 1.56% | Equity (US) | US |
| HST | HOST HOTELS & RESORTS REIT | 1.52% | Equity (US) | US |
| INVH | INVITATION HOMES | 1.42% | Equity (US) | US |
| KIM | KIMCO REALTY REIT CORP | 1.34% | Equity (US) | US |
| WPC | W. P. CAREY REIT | 1.26% | Equity (US) | US |
| SUI | SUN COMMUNITIES REIT INC | 1.25% | Equity (US) | US |
| MAA | MID AMERICA APARTMENT COMMUNITIES | 1.21% | Equity (US) | US |
| OHI | OMEGA HEALTHCARE INVESTORS REIT | 1.20% | Equity (US) | US |
| LAMR | LAMAR ADVERTISING COMPANY CLAS | 1.18% | Equity (US) | US |
| REG | REGENCY CENTERS REIT CORP | 1.18% | Equity (US) | US |
| DOC | HEALTHPEAK PROPERTIES INC | 1.14% | Equity (US) | US |
| ELS | EQUITY LIFESTYLE PROPERTIES REIT I | 1.02% | Equity (US) | US |
| UDR | UDR REIT | 1.00% | Equity (US) | US |
| EGP | EASTGROUP PROPERTIES REIT | 0.97% | Equity (US) | US |
| GLPI | GAMING AND LEISURE PROPERTIES REIT | 0.96% | Equity (US) | US |
| AMH | AMERICAN HOMES RENT REIT CLASS A | 0.92% | Equity (US) | US |
| AHR | AMERICAN HEALTHCARE REIT | 0.90% | Equity (US) | US |
| CPT | CAMDEN PROPERTY TRUST REIT | 0.88% | Equity (US) | US |
| BXP | BXP | 0.83% | Equity (US) | US |
| FRT | FEDERAL REALTY INVESTMENT TRUST RE | 0.81% | Equity (US) | US |
| CUBE | CUBESMART REIT | 0.79% | Equity (US) | US |
| RHP | RYMAN HOSPITALITY PROPERTIES REIT | 0.77% | Equity (US) | US |
| CTRE | CARETRUST REIT | 0.75% | Equity (US) | US |
| BRX | BRIXMOR PROPERTY GROUP REIT INC | 0.75% | Equity (US) | US |
| REXR | REXFORD INDUSTRIAL REALTY REIT | 0.73% | Equity (US) | US |
| ADC | AGREE REALTY REIT | 0.70% | Equity (US) | US |
| FR | FIRST INDUSTRIAL REALTY TRUST | 0.70% | Equity (US) | US |
| NNN | NNN REIT | 0.69% | Equity (US) | US |
| ARE | ALEXANDRIA REAL ESTATE EQUITIES RE | 0.65% | Equity (US) | US |
| STAG | STAG INDUSTRIAL REIT | 0.62% | Equity (US) | US |
| TRNO | TERRENO REALTY REIT | 0.61% | Equity (US) | US |
| MAC | MACERICH REIT | 0.59% | Equity (US) | US |
| VNO | VORNADO REALTY TRUST REIT | 0.51% | Equity (US) | US |
| HR | HEALTHCARE REALTY TRUST INC CLASS | 0.51% | Equity (US) | US |
| EPRT | ESSENTIAL PROPERTIES REALTY TRUST | 0.48% | Equity (US) | US |
| OUT | OUTFRONT MEDIA | 0.44% | Equity (US) | US |
| KRG | KITE REALTY GROUP TRUST REIT | 0.43% | Equity (US) | US |
| PECO | PHILLIPS EDISON AND COMPANY | 0.43% | Equity (US) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 3.70% | -6.50% | 11.01% | -5.22% | 1.85% | 2.80% | 1.27% |
| Feb | 2.15% | -2.50% | -5.30% | 0.19% | 3.79% | 8.67% | 1.17% |
| Mar | 3.29% | 6.75% | -1.89% | 0.45% | -4.46% | -6.70% | -0.43% |
| Apr | 5.78% | -6.29% | 1.50% | -5.39% | -2.88% | 8.48% | 0.20% |
| May | 1.40% | -3.69% | -2.44% | 4.84% | 1.82% | 0.50% | 0.40% |
| Jun | 0.15% | -7.26% | 4.51% | 2.63% | -1.36% | 4.60% | 0.54% |
| Jul | 4.23% | 7.18% | 1.67% | 7.29% | -1.46% | 1.94% | 3.48% |
| Aug | 2.28% | -5.19% | -2.77% | 5.21% | 5.02% | -3.39% | 0.19% |
| Sep | -7.13% | -13.35% | -8.03% | 1.85% | 1.93% | -6.13% | -5.14% |
| Oct | 5.89% | 3.00% | -2.57% | -2.24% | -2.01% | 3.08%* | 0.86% |
| Nov | -1.23% | 6.02% | 9.82% | 5.60% | 2.25% | -- | 4.49% |
| Dec | 9.64% | -5.70% | 6.01% | -6.86% | -2.42% | -- | 0.13% |
| Total | 33.44% | -26.14% | 10.07% | 7.34% | 1.60% | 13.27% | 6.60% |
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: $61.85
SMA 50: $63.93
SMA 200: $63.58
Current: $63.16
EMA 12: $62.19
EMA 26: $62.53
MACD: -0.3419 | Signal: 0.3052
BEARISH
ADX (14): 31.19
TREND
+DI: 24.34
−DI: 21.45
Momentum Oscillators
RSI (14): 54.56
NEUTRAL
Stoch %K: 89.37
Stoch %D: 79.65
Williams %R: -2.43
Volume & Volatility
BB Upper: $62.99
BB Lower: $60.70
OVERBOUGHT
OBV: 5,778,720
Vol SMA 20: 1,460,142
Vol ROC: -34.30%
ATR: $0.84
True Range: $0.98
HV 20: 14.3%
HV 30: 13.4%
HV 60: 12.1%
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
Executive Summary
Overall Assessment: NEUTRAL with confidence level (6/10)
Key Drivers:
- Bullish MACD signal
- Neutral RSI reading
- Range-bound ADX regime
Primary Risks:
- Low volatility, which may indicate a potential for range compression or trading range continuation
Investment Thesis: USRT's current trend is neutral, indicating a possibility of consolidation within the recent range. The bullish MACD signal suggests that the stock may break out higher in the short-term, while the low volatility and range-bound ADX regime imply caution.
Recent News Sentiment Impact: Neutral headlines from Seeking Alpha have had no significant impact on the stock's price movement.
Technical Analysis
Trend Direction: Short-term - neutral; Medium-term - bearish; Long-term - bullish
Support/Resistance Levels: Key levels include:
- Upper Bollinger Band ($65.92)
- Lower Bollinger Band ($63.52)
- 20-SMA ($64.72)
Momentum Signals:
- RSI: Neutral (65.07), indicating no clear buy or sell signal
- MACD: Bullish (0.66 / Signal: -0.01 / Histogram: 0.67)
- Bollinger Bands: Neutral, with the price touching the upper band
Volume Analysis: Volume trends are neutral, with a volume rate of change of 36.59%. Institutional interest is low.
News & Sentiment Analysis
Recent Headlines Summary:
- Neutrality prevails, with no significant market-moving headlines in recent days.
Sentiment Assessment: Neutral sentiment across the recent news articles.
Catalyst Identification: No imminent catalysts are identified.
Market Narrative: The neutral market narrative suggests that USRT's price movement is driven by internal technical factors rather than external events or news sentiment.
Risk & Volatility Assessment
Risk and Volatility Metrics:
- Beta: 0.46 (low risk relative to the market)
- Volatility Regime: Low volatility, with a stock volatility of 0.13
- Options Market Signals:
- IV Rank: 9.0% (Low - historically low volatility)
- Current IV: 18.8%
- Expected Move: $2.52 (23 DTE)
Downside Protection:
- Support levels include the lower Bollinger Band ($63.52) and the 20-SMA ($64.72).
Market Context & Positioning
Market Context:
- Sector Performance: USRT is outperforming its sector peers.
- Institutional Activity: Low institutional interest, with a volume rate of change indicating no significant buying or selling pressure.
Positioning:
- Relative Valuation: USRT is trading near the upper end of its recent range.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band ($65.92)
- Lower Bollinger Band ($63.52)
- 20-SMA ($64.72)
Breakout/Breakdown Levels:
- Watch for a breakout above $66 or a breakdown below $62.
Time-Sensitive Catalysts: No imminent catalysts are identified.
Risk Management:
- Consider setting stop-loss levels at the lower Bollinger Band or 20-SMA to manage risk.
- Position sizing considerations should prioritize caution, given the low volatility and range-bound regime.
Generated
News
All USRT news →
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USRT Options Activity & IV Rank
USRT IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 17.8%
7-DTE IV: —
Expected Move: $2.42
7-DTE Move: $2.42
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 103
Put Volume: 407
P/C Volume: 3.951
BEARISH
Call OI: 4
Put OI: 406
P/C OI: 101.5
Total OI: 410
ATM Options Pricing
ATM Call: $1.25
ATM Put: $1.18
Call %: 2.0%
Put %: 1.9%
Chain Summary
Chain Volume: 544
Chain OI: 443
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
Not enough history yet to rank today's net dealer gamma against this name's own record.
Gamma percentile
—
vs own history
GEX tilt
-0.97
OI-weighted, today
Vanna tilt
+0.89
δ-sensitivity to IV
Charm tilt
-0.83
δ-decay vs time
Vanna tilt +0.89: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.83: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 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
as of Oct 22 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · ATM 17.0% / 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
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)27.4MediumOct 22
Straddle Price (30 DTE)$2.42Oct 22
Beta Analysis
Risk Metrics
Beta: 0.2422
Alpha: 3.79%
Correlation: 0.2224
R-Squared: 4.9%
Stock Volatility: 13.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
USRT 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 |
|---|
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
423.50K
SI % of Float
0.63%
Days to Cover
1.00
Short Vol Ratio
67.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22
Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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