Seeking AlphaT3·28mo ago
VTEB Vanguard Tax-Exempt Bond Index Fund
ETF 48.01 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.
VTEB
$48.01
—
Key stats
$48.01
- 52-Week Range
- $46.87 – $51.18
- YTD
- -4.69%
- IV Rank (30D)
- 21.47
- Straddle Price
- $0.68
- P/C Vol Ratio
- 0.60
- Open
- $47.98
- Day Range
- $47.88 – $48.12
- Volume
- 21,088,675
- Prev Close
- $47.97
About
Vanguard Tax-Exempt Bond Index Fund (VTEB) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2015-08-21
- Has Options
- Yes
- Homepage
- https://investor.vanguard.com/etf
Fund profile
holdings as of Sep 30, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.03% issuer, Oct 21, 2026
- Assets
- $50.4B shares × price, Oct 20, 2026
- Trailing yield
- 3.54% paid monthly
- Average daily volume
- $1.6B 30 sessions
- Holdings
- 11,156 top 10 are 1.2%
- Listed
- Aug 21, 2015 NYSE Arca
- Last fee change
- -2 bp filed Feb 3, 2025
- Net asset value
- $47.93 issuer, Oct 20, 2026 · closed +0.08% to NAV
- 30-day SEC yield
- 4.33% issuer, Oct 16, 2026
- Tracking difference
- -0.10 pts vs index, after fees, FY 2025
Cost99
Liquidity100
Scale100
Diversification100
Moves with. Long Treasuries (34% of its variance, beta 0.21); US large-cap stocks (5% of its variance, beta 0.04). These factors explain 42% of its daily moves over the last year.
Stated objective. Vanguard Tax-Exempt Bond ETF, an exchange-traded share class of Vanguard Tax-Exempt Bond Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment-grade segment of the U.S. municipal bond market. (from the fund's prospectus)
All 11,156 holdingsFlow historyOverlap toolAll National Muni ETFs
Fund flows
through Jul 2026SEC filingsReported for all 2 share classes of this fund together, including its mutual fund classes.
- Jul 2026
- +$716M latest reported month
- Latest 3 months
- +$3.6B +7.4% of assets
- Latest 12 months
- +$7.5B +15.5% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$716M |
| Jun 2026 | +$985M |
| May 2026 | +$1.9B |
| Apr 2026 | +$1.0B |
| Mar 2026 | +$394M |
| Feb 2026 | −$2.0B |
| Jan 2026 | +$1.0B |
| Dec 2025 | +$755M |
| Nov 2025 | +$624M |
| Oct 2025 | +$1.1B |
| Sep 2025 | +$434M |
| Aug 2025 | +$558M |
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 | |
|---|---|---|---|---|---|
| MUBiShares National Muni Bond ETF | — | 0.05% | $51.7B | −4.7% | compare |
| JMUBJPMorgan Municipal ETF | — | 0.18% | $8.7B | −4.9% | compare |
| CGMUCapital Group Municipal Income ETF | — | 0.27% | $7.2B | −4.0% | compare |
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 0.28% | $4.1B | −8.0% | compare |
| SCMBSchwab Municipal Bond ETF | — | 0.03% | $4.0B | −5.4% | compare |
The largest other funds in the National Muni category.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 10 active of 34 with agreements; top 3 did 72%
- Created · redeemed
- $12.5B · $6.6B over the fiscal year
- Redemptions in kind
- 1% creations 0% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
- Return vs index
- -0.10 pts after fees; -0.01 before; daily s.d. 0.35
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
11156
AUM
$52.5B
Provider
Vanguard
Inception
2015-08-21
Exchange
ARCX
Data As Of
2026-09-30
Expense Ratio
0.03%
Dividend Yield
3.54%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-05 | $0.1372 | CD |
| 2026-09-01 | 2026-09-03 | $0.1434 | CD |
| 2026-08-03 | 2026-08-05 | $0.1415 | CD |
| 2026-07-01 | 2026-07-06 | $0.1420 | CD |
| 2026-06-01 | 2026-06-03 | $0.1381 | CD |
| 2026-05-01 | 2026-05-05 | $0.1423 | CD |
Asset Allocation
Top Holdings
top 50 of 11156 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Vanguard Municipal Low Duration Fund | 0.69% | Cash/Money Market | — |
| — | State of California | 0.15% | Municipal Bond | US |
| — | State of California | 0.14% | Municipal Bond | US |
| — | New York State Dormitory Authority | 0.13% | Municipal Bond | US |
| — | State of Illinois | 0.12% | Municipal Bond | US |
| — | Ohio State University/The | 0.12% | Municipal Bond | US |
| — | City of New York NY | 0.10% | Municipal Bond | US |
| — | US Dollar | 0.10% | Cash/Money Market | — |
| — | State of Wisconsin | 0.10% | Municipal Bond | US |
| — | State of Wisconsin | 0.10% | Municipal Bond | US |
| — | University of California | 0.10% | Municipal Bond | US |
| — | Illinois State Toll Highway Authority | 0.10% | Municipal Bond | US |
| — | State of Idaho | 0.10% | Municipal Bond | — |
| — | UAB Medicine Finance Authority | 0.09% | Municipal Bond | US |
| — | Dallas Independent School District | 0.09% | Municipal Bond | US |
| — | State of California | 0.09% | Municipal Bond | US |
| — | Texas Department of Transportation State Highway Fund | 0.09% | Municipal Bond | US |
| — | City of New York NY | 0.09% | Municipal Bond | US |
| — | Los Angeles Unified School District/CA | 0.08% | Municipal Bond | US |
| — | Los Angeles Department of Water & Power | 0.08% | Municipal Bond | US |
| — | New York City Municipal Water Finance Authority | 0.08% | Municipal Bond | US |
| — | Harris County Cultural Education Facilities Finance Corp | 0.08% | Municipal Bond | US |
| — | New Jersey Educational Facilities Authority | 0.08% | Municipal Bond | US |
| — | State of Maryland | 0.08% | Municipal Bond | US |
| — | Triborough Bridge & Tunnel Authority | 0.08% | Municipal Bond | US |
| — | Oregon State Facilities Authority | 0.08% | Municipal Bond | US |
| — | New Jersey Turnpike Authority | 0.08% | Municipal Bond | US |
| — | Commonwealth of Massachusetts | 0.08% | Municipal Bond | US |
| — | County of Hillsborough FL Utility Revenue | 0.07% | Municipal Bond | US |
| — | Midland Independent School District | 0.07% | Municipal Bond | US |
| — | New York City Municipal Water Finance Authority | 0.07% | Municipal Bond | US |
| — | State of Maryland | 0.07% | Municipal Bond | US |
| — | City of Portland OR Water System Revenue | 0.07% | Municipal Bond | US |
| — | State of Maryland | 0.07% | Municipal Bond | US |
| — | New York State Thruway Authority | 0.07% | Municipal Bond | US |
| — | Ohio Water Development Authority Water Pollution Control Loan Fund | 0.07% | Municipal Bond | US |
| — | State of Illinois | 0.07% | Municipal Bond | US |
| — | Energy Northwest | 0.07% | Municipal Bond | US |
| — | New Jersey Transportation Trust Fund Authority | 0.07% | Municipal Bond | US |
| — | Tohopekaliga Water Authority | 0.07% | Municipal Bond | — |
| — | Kentucky State Property & Building Commission | 0.07% | Municipal Bond | US |
| — | New Jersey Transportation Trust Fund Authority | 0.07% | Municipal Bond | US |
| — | State of Illinois | 0.07% | Municipal Bond | US |
| — | New York State Dormitory Authority | 0.07% | Municipal Bond | US |
| — | Los Angeles Department of Water & Power Water System Revenue | 0.07% | Municipal Bond | US |
| — | Metropolitan Government of Nashville & Davidson County TN | 0.07% | Municipal Bond | US |
| — | New York State Thruway Authority | 0.07% | Municipal Bond | US |
| — | Alabama Toll Road Bridge and Tunnel Authority | 0.07% | Municipal Bond | — |
| — | Southern California Public Power Authority | 0.07% | Municipal Bond | US |
| — | Denton Independent School District | 0.07% | Municipal Bond | US |
Non-Equity Breakdown
VANGUARD TAX-EXEMPT BOND INDEX FUND ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$48.52B
· 10592 total positions
· equity 0.00%
· non-equity 99.60%
Non-equity holdings
— 10592 positions,
99.60% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Municipal | 98.93% | $48.00B | 10591 |
| Short-term investment | 0.67% | $326.4M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.34% | -2.51% | 2.42% | 0.08% | -0.14% | 0.38% | 0.10% |
| Feb | -1.59% | -0.58% | -2.67% | -0.69% | 1.18% | 1.33% | -0.50% |
| Mar | 0.48% | -3.19% | 2.72% | -0.18% | -1.66% | -1.93% | -0.63% |
| Apr | 0.73% | -2.74% | -0.36% | -0.99% | -0.97% | 0.80% | -0.59% |
| May | 0.36% | 1.78% | -0.12% | -0.12% | -0.37% | 0.38% | 0.32% |
| Jun | 0.34% | -1.60% | 0.66% | 0.89% | 0.88% | 0.58% | 0.29% |
| Jul | 0.49% | 2.04% | 0.06% | 1.34% | -0.51% | -1.70% | 0.29% |
| Aug | -0.47% | -2.59% | -1.00% | 0.16% | 0.37% | -0.36% | -0.65% |
| Sep | -0.78% | -2.63% | -2.49% | 0.87% | 2.60% | -3.31% | -0.96% |
| Oct | -0.05% | -1.41% | -0.61% | -1.54% | 1.06% | 1.14%* | -0.23% |
| Nov | 0.88% | 4.64% | 5.24% | 1.61% | 0.42% | -- | 2.56% |
| Dec | -0.11% | -0.84% | 1.79% | -1.73% | 0.08% | -- | -0.16% |
| Total | 0.59% | -9.51% | 5.49% | -0.36% | 2.91% | -2.76% | -0.61% |
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: $47.51
SMA 50: $48.40
SMA 200: $49.82
Current: $48.01
EMA 12: $47.77
EMA 26: $47.86
MACD: -0.0965 | Signal: 0.1469
BEARISH
ADX (14): 32.88
TREND
+DI: 27.18
−DI: 24.39
Momentum Oscillators
RSI (14): 53.84
NEUTRAL
Stoch %K: 92.96
Stoch %D: 93.89
Williams %R: -8.43
Volume & Volatility
BB Upper: $48.17
BB Lower: $46.85
NEUTRAL
OBV: 68,396,443
Vol SMA 20: 36,743,793
Vol ROC: -44.02%
ATR: $0.26
True Range: $0.23
HV 20: 6.9%
HV 30: 6.5%
HV 60: 5.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary Overall Assessment: NEUTRAL (confidence level: 6/10) Key Drivers: Technical support from moving averages, low volatility Primary Risks: Potential for consolidation or minor corrections Investment Thesis: VTEB is a defensive play with relatively stable price action, supported by technical indicators and low volatility. Recent News Sentiment Impact: Neutral news headlines have not significantly impacted the stock's movement.
Technical Analysis
- Trend Direction: Short-term (1-4 weeks): Consolidation; Medium-term (1-3 months): Uptrend; Long-term (3-12 months): Uptrend
- Support/Resistance Levels: Key levels to monitor: $49.67 (lower Bollinger Band), $50.12 (SMA 20), and $50.58 (upper Bollinger Band)
- Momentum Signals:
- RSI interpretation: Neutral, at 32.81 (not oversold or overbought)
- MACD signal: Bearish, with a negative histogram (-0.08) indicating potential selling pressure
- Bollinger Bands position: Neutral, with the price touching the middle band ($50.12)
- Volume Analysis: Volume is relatively low, but showing signs of institutional interest (2 calls vs 12 puts)
News & Sentiment Analysis
- Recent Headlines Summary: Six neutral news headlines regarding bond ETFs and municipal bonds
- Sentiment Assessment: Neutral sentiment from recent news headlines has not significantly impacted the stock's movement
- Catalyst Identification: No specific catalysts identified, but potential for consolidation or minor corrections
Risk & Volatility Assessment
- Beta Interpretation: Low risk relative to market (beta: 0.06)
- Volatility Regime: Low volatility - stock moves less than market
- Options Market Signals: IV rank: Medium; Current IV: 19.0% indicates historically moderate volatility; Put/Call Volume Ratio: 6.00 suggests bearish sentiment
Market Context & Positioning
- Sector Performance: Neutral performance within the sector/market
- Institutional Activity: Institutional interest is moderate, but not significantly impacting price action
- Correlation Analysis: R-squared interpretation indicates low correlation with market movements
- Relative Valuation: VTEB is positioned within a trading range
Key Levels & Action Items
- Critical Price Levels: Support at $49.67 and resistance at $50.12 and $50.58
- Breakout/Breakdown Levels: Potential for minor corrections or consolidation around the current price level
- Time-Sensitive Catalysts: No specific catalysts identified, but potential for market-moving events in the future
- Risk Management: Monitor support levels and consider stop-loss levels based on recent volatility
Please note that this report is designed to provide a comprehensive analysis of the provided stock data. The analysis is based on technical indicators, news sentiment, risk metrics, and options activity. The report aims to provide an objective assessment of the stock's price action, highlighting potential catalysts, risks, and market positioning.
Generated
News
All VTEB news →
BenzingaT3·28mo ago
Seeking AlphaT3·37mo ago
Zacks Investment ResearchT3·46mo ago
Zacks Investment ResearchT3·47mo ago
MarketWatchT3·48mo ago
Zacks Investment ResearchT3·48mo ago
Zacks Investment ResearchT3·48mo ago
The Motley FoolT3·51mo ago
The Motley FoolT3·58mo ago
Showing 1–10 of 11
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VTEB Options Activity & IV Rank
VTEB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 6.2%
7-DTE IV: —
Expected Move: $0.68
7-DTE Move: $0.68
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 334
Put Volume: 199
P/C Volume: 0.596
BULLISH
Call OI: 2,521
Put OI: 596
P/C OI: 0.236
Total OI: 3,117
ATM Options Pricing
ATM Call: $0.25
ATM Put: $0.42
Call %: 0.5%
Put %: 0.9%
Chain Summary
Chain Volume: 1,502
Chain OI: 5,063
Last Updated: 10/21/2026
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 98th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
98%
vs own history
GEX tilt
+0.75
OI-weighted, today
Vanna tilt
-0.71
δ-sensitivity to IV
Charm tilt
-0.29
δ-decay vs time
Vanna tilt -0.71: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
? What is this?
· 21 ATM contracts, 3k 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 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 8.0% / 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
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)21.5LowOct 21
Straddle Price (30 DTE)$0.68Oct 21
Beta Analysis
Risk Metrics
Beta: 0.0914
Alpha: -6.50%
Correlation: 0.3234
R-Squared: 10.5%
Stock Volatility: 3.6%
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
VTEB 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.
2 filers$5.24M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $2.83M | 54.01% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $2.41M | 45.99% | 2026-06-30 |
2 filers$4.86M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $3.65M | 75.21% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $1.20M | 24.79% | 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
8.82M
SI % of Float
0.84%
Days to Cover
1.00
Short Vol Ratio
54.1%
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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