BenzingaT3·6mo ago
VAW Vanguard Materials ETF
ETF 225.44 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.
VAW
$225.44
—
Key stats
$225.44
- 52-Week Range
- $190.29 – $245.26
- YTD
- +6.88%
- IV Rank (30D)
- 80.84
- Straddle Price
- $11.25
- P/C Vol Ratio
- 2.04
- Open
- $224.65
- Day Range
- $223.30 – $225.90
- Volume
- 39,018
- Prev Close
- $226.73
About
Vanguard Materials ETF (VAW) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2004-01-26
- Has Options
- Yes
- Homepage
- https://investor.vanguard.com/etf
Fund profile
holdings as of Sep 30, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.09% issuer, Oct 22, 2026
- Assets
- $3.3B shares × price, Oct 21, 2026
- Trailing yield
- 1.40% paid quarterly
- Average daily volume
- $23M 30 sessions
- Holdings
- 114 top 10 are 58.0%
- Listed
- Jan 26, 2004 NYSE Arca
- Last fee change
- -1 bp filed Feb 3, 2025
- Net asset value
- $226.75 issuer, Oct 21, 2026 · closed -0.01% to NAV
- 30-day SEC yield
- 1.42% issuer, Sep 30, 2026
- Tracking difference
- -0.08 pts vs index, after fees, FY 2025
Cost88
Liquidity79
Scale93
Diversification45
Moves with. US large-cap stocks (44% of its variance, beta 1.10); Gold (19% of its variance, beta 0.21); Small caps over large (8% of its variance, beta 0.29); Developed markets ex-US over US (6% of its variance, beta 0.29). These factors explain 72% of its daily moves over the last year.
Stated objective. Vanguard Materials ETF, an exchange-traded share class of Vanguard Materials Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of materials stocks. (from the fund's prospectus)
All 114 holdingsFlow historySimilar fundsOverlap toolAll Materials ETFs
Fund flows
through May 2026SEC filingsReported for all 2 share classes of this fund together, including its mutual fund classes.
- May 2026
- −$17M latest reported month
- Latest 3 months
- +$7.1M +0.2% of assets
- Latest 12 months
- +$24M +0.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$17M |
| Apr 2026 | +$64M |
| Mar 2026 | −$40M |
| Feb 2026 | +$32M |
| Jan 2026 | −$111M |
| Dec 2025 | −$30M |
| Nov 2025 | +$5.2M |
| Oct 2025 | −$26M |
| Sep 2025 | +$31M |
| Aug 2025 | −$44M |
| Jul 2025 | +$26M |
| Jun 2025 | +$135M |
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 | |
|---|---|---|---|---|---|
| FMATFidelity MSCI Materials Index ETF | 95% | 0.08% | $592M | +10.6% | compare |
| XLBState Street Materials Select Sector SPDR ETF | 68% | 0.08% | $7.9B | +15.4% | compare |
| IYMiShares U.S. Basic Materials ETF | 63% | 0.37% | $1.3B | +22.4% | compare |
| UYMProShares Ultra Materials | 57% | 0.95% | $38M | +24.5% | compare |
| RSPMInvesco S&P 500 Equal Weight Materials ETF | 54% | 0.40% | $178M | +19.6% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Sep 30, 2026issuer data- Holdings vs fair value
- +9.2% 47% under, 40% over · 100% covered
- Price / earnings
- 28.8 12% loss-making · 100% covered
- Price / book · sales
- 2.3 · 1.7 revenue growth +7.8%
- Above 200-day average
- 67% 56% above 50-day · by weight
- Short interest
- 3.5% of float, weighted · 3.6 days to cover
- Insider buying
- 20% of weight had net insider buying, 90 days; 41% net selling
- 13F holders
- +3.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 62.0% of weight in 7 days; 86.3% in 14
Holdings reporting in the next 14 days · weighted implied move this week 4.28%
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
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | AAAlcoa Corp | 0.73% | 1.29% | +34.5% |
| Exit | SEESealed Air Corp | 0.38% | — | — |
| Increase | CDECoeur Mining Inc | 1.06% | 1.28% | +61.6% |
| Increase | PPTAPerpetua Resources Corp | 0.17% | 0.15% | +15.0% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 2.0%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 9 active of 34 with agreements; top 3 did 72%
- Created · redeemed
- $342M · $511M over the fiscal year
- Redemptions in kind
- 1% creations 1% in kind
- Creation unit
- 20,000 shares
- Securities lending
- 0.16% of assets on loan on average; earned 0.4 bp
- Return vs index
- -0.08 pts after fees; +0.02 before; daily s.d. 0.07
- 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 2026-09-30
Holdings
114
AUM
$4.5B
Provider
Vanguard
Inception
2004-01-26
Exchange
ARCX
Data As Of
2026-09-30
Expense Ratio
0.09%
Dividend Yield
1.40%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-25 | $0.7756 | CD |
| 2026-06-24 | 2026-06-26 | $0.8018 | CD |
| 2026-03-24 | 2026-03-26 | $0.7916 | CD |
| 2025-12-17 | 2025-12-19 | $0.8110 | CD |
| 2025-09-24 | 2025-09-26 | $0.7692 | CD |
| 2025-06-26 | 2025-06-30 | $0.8150 | CD |
Asset Allocation
Top Holdings
top 50 of 114 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| LIN | Linde PLC | 15.27% | Equity (Foreign) | IE |
| NEM | Newmont Corp | 8.49% | Equity (US) | US |
| FCX | Freeport-McMoRan Inc | 7.00% | Equity (US) | US |
| SHW | Sherwin-Williams Co/The | 5.13% | Equity (US) | US |
| ECL | Ecolab Inc | 4.84% | Equity (US) | US |
| APD | Air Products and Chemicals Inc | 4.04% | Equity (US) | US |
| CRH | CRH PLC | 3.85% | Equity (Foreign) | IE |
| CTVA | Corteva Inc | 3.61% | Equity (US) | US |
| NUE | Nucor Corp | 3.61% | Equity (US) | US |
| VMC | Vulcan Materials Co | 2.21% | Equity (US) | US |
| STLD | Steel Dynamics Inc | 2.11% | Equity (US) | US |
| MLM | Martin Marietta Materials Inc | 2.00% | Equity (US) | US |
| PPG | PPG Industries Inc | 1.62% | Equity (US) | US |
| SW | Smurfit Westrock PLC | 1.61% | Equity (Foreign) | IE |
| IFF | International Flavors & Fragrances Inc | 1.45% | Equity (US) | US |
| PKG | Packaging Corp of America | 1.42% | Equity (US) | US |
| RGLD | Royal Gold Inc | 1.39% | Equity (US) | US |
| DOW | Dow Inc | 1.38% | Equity (US) | US |
| RS | Reliance Inc | 1.37% | Equity (US) | US |
| AMCR | Amcor PLC | 1.35% | Equity (US) | — |
| AMRZ | Amrize Ltd | 1.29% | Equity (US) | US |
| CDE | Coeur Mining Inc | 1.26% | Equity (US) | US |
| CF | CF Industries Holdings Inc | 1.23% | Equity (US) | US |
| IP | International Paper Co | 1.16% | Equity (US) | US |
| LYB | LyondellBasell Industries NV | 1.03% | Equity (US) | US |
| BALL | Ball Corp | 0.99% | Equity (US) | US |
| AVY | Avery Dennison Corp | 0.91% | Equity (US) | US |
| ALB | Albemarle Corp | 0.87% | Equity (US) | US |
| RPM | RPM International Inc | 0.85% | Equity (US) | US |
| CCK | Crown Holdings Inc | 0.82% | Equity (US) | US |
| HL | Hecla Mining Co | 0.79% | Equity (US) | US |
| AA | Alcoa Corp | 0.77% | Equity (US) | US |
| SOLS | Solstice Advanced Materials Inc | 0.62% | Equity (US) | US |
| — | SLBBH1142 | 0.59% | Cash/Money Market | — |
| ESI | Element Solutions Inc | 0.58% | Equity (US) | US |
| ATR | AptarGroup Inc | 0.54% | Equity (US) | US |
| EMN | Eastman Chemical Co | 0.52% | Equity (US) | US |
| AXTA | Axalta Coating Systems Ltd | 0.48% | Equity (US) | US |
| MOS | Mosaic Co/The | 0.48% | Equity (US) | US |
| CMC | Commercial Metals Co | 0.48% | Equity (US) | US |
| NEU | NewMarket Corp | 0.47% | Equity (US) | US |
| MP | MP Materials Corp | 0.47% | Equity (US) | US |
| CLF | Cleveland-Cliffs Inc | 0.44% | Equity (US) | US |
| MTRN | Materion Corp | 0.38% | Equity (US) | US |
| BCPC | Balchem Corp | 0.37% | Equity (US) | US |
| EXP | Eagle Materials Inc | 0.37% | Equity (US) | US |
| CE | Celanese Corp | 0.34% | Equity (US) | US |
| SON | Sonoco Products Co | 0.34% | Equity (US) | US |
| SXT | Sensient Technologies Corp | 0.33% | Equity (US) | US |
| HCC | Warrior Met Coal Inc | 0.32% | Equity (US) | US |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -1.63% | -6.02% | 9.78% | -3.86% | 6.13% | 6.70% | 1.85% |
| Feb | 2.88% | -1.09% | -3.78% | 4.18% | -0.10% | 7.54% | 1.60% |
| Mar | 5.08% | 7.83% | -2.76% | 5.41% | -1.83% | -7.50% | 1.04% |
| Apr | 4.02% | -5.11% | -1.38% | -4.57% | -2.05% | 1.72% | -1.23% |
| May | 3.64% | 1.38% | -6.48% | 3.38% | 3.14% | 0.31% | 0.89% |
| Jun | -6.86% | -14.17% | 9.08% | -3.93% | 1.70% | -1.16% | -2.56% |
| Jul | 0.96% | 6.41% | 3.38% | 7.33% | -2.23% | -2.52% | 2.22% |
| Aug | 3.09% | -2.39% | -3.05% | 2.17% | 7.84% | 4.51% | 2.03% |
| Sep | -7.22% | -9.30% | -6.51% | 5.17% | -0.90% | -6.45% | -4.20% |
| Oct | 5.60% | 5.88% | -2.56% | -2.29% | -4.00% | 3.62%* | 1.04% |
| Nov | -1.24% | 10.81% | 8.45% | 3.25% | 4.83% | -- | 5.22% |
| Dec | 8.15% | -5.95% | 3.74% | -11.47% | 2.41% | -- | -0.62% |
| Total | 16.30% | -13.97% | 6.15% | 3.07% | 15.16% | 5.71% | 5.40% |
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: $222.18
SMA 50: $228.22
SMA 200: $229.81
Current: $225.55
EMA 12: $224.12
EMA 26: $224.40
MACD: -0.2785 | Signal: 1.0033
BEARISH
ADX (14): 16.62
RANGE
+DI: 23.37
−DI: 27.46
Momentum Oscillators
RSI (14): 52.77
NEUTRAL
Stoch %K: 84.17
Stoch %D: 84.20
Williams %R: -23.51
Volume & Volatility
BB Upper: $227.39
BB Lower: $216.97
NEUTRAL
OBV: 2,352,766
Vol SMA 20: 91,252
Vol ROC: -16.73%
ATR: $3.07
True Range: $3.43
HV 20: 12.4%
HV 30: 13.9%
HV 60: 16.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is the comprehensive stock analysis report for VAW:
Executive Summary
Overall assessment: NEUTRAL with confidence level 6/10 Key drivers: Trendless movement, mixed news sentiment Primary risks: Volatility, sector correlation Investment thesis: VAW's moderate volatility and range-bound trading make it a stable option for investors seeking steady returns. Recent news sentiment impact: Neutral, with no significant news events driving the stock price.
Technical Analysis
Trend Direction: Range-bound (1-4 weeks), Neutral (1-3 months), Downtrend (3-12 months)
Support/Resistance Levels:
- Lower Bollinger Band: $222.76
- Middle Bollinger Band: $230.84
- Upper Bollinger Band: $238.91
Momentum Signals: RSI interpretation: Neutral (50.17) MACD signal: Bearish (-0.66 / Signal: -0.01 / Histogram: -0.66) Bollinger Bands position: Neutral
Volume Analysis:
- Volume SMA 20: 53511.25
- On-Balance Volume (OBV): 1501395.66
- Volume Rate of Change: -93.26%
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines are mixed, with one negative article on household equity exposure and several neutral articles discussing market trends.
Sentiment Assessment: Neutral
Catalyst Identification:
- None in the near term (1-7 days)
- Medium-term catalysts include sector performance and institutional activity
Market Narrative: The technical signals are neutral, while the news sentiment is mixed. The stock's moderate volatility makes it a stable option for investors seeking steady returns.
Risk & Volatility Assessment
Risk Interpretation: Moderate risk due to beta (0.93) and historical volatility (HV20 22.3%, HV30 19.7%, HV60 20.8%)
Volatility Regime: Historical volatility is moderate, indicating a stable trading environment.
Options Market Signals:
- IV Rank: 23.6% (Low)
- Current IV: 38.7%
- Expected Move: $10.30 (21 DTE), 7-DTE: $10.30
Downside Protection: The stock's support levels are around $222.76, with the lower Bollinger Band providing additional cushioning.
Market Context & Positioning
Sector Performance: VAW is positioned in a stable sector, with moderate correlation to the market (0.62).
Institutional Activity: The options market is showing neutral sentiment, with a put-call volume ratio of 0.90 and open interest favoring puts.
Correlation Analysis: The stock's moderate volatility indicates a stable trading environment, with no significant correlations to other sectors or markets.
Relative Valuation: VAW's valuation is reasonable, considering its moderate risk profile and stable trading environment.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $222.76
- Middle Bollinger Band: $230.84
- Upper Bollinger Band: $238.91
Breakout/Breakdown Levels: A breakout above the upper Bollinger Band could indicate a new uptrend, while a breakdown below the lower Bollinger Band could signal a new downtrend.
Time-Sensitive Catalysts:
- None in the near term (1-7 days)
- Medium-term catalysts include sector performance and institutional activity
Risk Management: A stop-loss level around $225.00 could provide additional downside protection, considering the stock's moderate volatility.
Please note that this analysis is based on the provided data and should not be taken as personalized investment advice.
Generated
News
All VAW news →
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VAW Options Activity & IV Rank
VAW IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 22.1%
7-DTE IV: —
Expected Move: $11.25
7-DTE Move: $11.25
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 28
Put Volume: 57
P/C Volume: 2.036
BEARISH
Call OI: 73
Put OI: 54
P/C OI: 0.74
Total OI: 127
ATM Options Pricing
ATM Call: $5.75
ATM Put: $5.50
Call %: 2.6%
Put %: 2.4%
Chain Summary
Chain Volume: 364
Chain OI: 476
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.
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 22.1% / 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)80.8HighOct 22
Straddle Price (30 DTE)$11.25Oct 22
Beta Analysis
Risk Metrics
Beta: 0.8672
Alpha: 0.99%
Correlation: 0.5891
R-Squared: 34.7%
Stock Volatility: 18.8%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
VAW 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.
3 filers$4.94M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $3.11M | 62.96% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $1.12M | 22.69% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $709.25K | 14.35% | 2026-06-30 |
2 filers$617.73K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $366.06K | 59.26% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $251.67K | 40.74% | 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
42.37K
SI % of Float
0.30%
Days to Cover
1.00
Short Vol Ratio
32.5%
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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