The Motley FoolT3·31mo ago
VUSB Vanguard Ultra-Short Bond ETF
ETF 49.50 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.
VUSB
$49.50
—
Key stats
$49.50
Pre-market
$49.50
+0.00%
- 52-Week Range
- $49.37 – $50.03
- YTD
- -0.70%
- IV Rank (30D)
- 2.18
- Straddle Price
- $0.00
- Open
- $49.52
- Day Range
- $49.50 – $49.52
- Volume
- 1,122,061
- Prev Close
- $49.50
About
Vanguard Ultra-Short Bond ETF (VUSB) ETF
No description available.
- Exchange
- BATS
- Inception
- 2021-04-06
- Has Options
- Yes
- Homepage
- https://investor.vanguard.com/etf
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.10% issuer, Oct 21, 2026
- Assets
- $8.9B SEC filing, Jun 30, 2026
- Trailing yield
- 4.28% paid monthly
- Average daily volume
- $100M 30 sessions
- Holdings
- 1,328 top 10 are 8.6%
- Listed
- Apr 6, 2021 Cboe BZX
- Net asset value
- $49.50 issuer, Oct 20, 2026 · closed +0.00% to NAV
- 30-day SEC yield
- 4.79% issuer, Oct 16, 2026
Cost80
Liquidity100
Scale100
Diversification100
Moves with. Long Treasuries (21% of its variance, beta 0.08); US dollar (4% of its variance, beta -0.03). These factors explain 23% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. Vanguard Ultra-Short Bond ETF (the Fund) seeks to provide current income while maintaining limited price volatility. (from the fund's prospectus)
All 1,328 holdingsFlow historyOverlap toolAll Ultra-Short Bond ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$144M latest reported month
- Latest 3 months
- +$748M +8.4% of assets
- Latest 12 months
- +$3.6B +40.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$144M |
| May 2026 | +$584M |
| Apr 2026 | +$20M |
| Mar 2026 | +$253M |
| Feb 2026 | +$646M |
| Jan 2026 | +$571M |
| Dec 2025 | +$349M |
| Nov 2025 | +$341M |
| Oct 2025 | +$227M |
| Sep 2025 | +$169M |
| Aug 2025 | +$192M |
| Jul 2025 | +$107M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 63 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| JPSTJPMorgan Ultra-Short Income ETF | — | 0.18% | $42.8B | −0.7% | compare |
| PULSPGIM Ultra Short Bond ETF | — | 0.15% | $19.7B | −0.4% | compare |
| MINTPIMCO Enhanced Short Maturity Active Exchange-Traded Fund | — | 0.36% | $18.9B | +0.0% | compare |
| BOXXAlpha Architect 1-3 Month Box ETF | — | 0.19% | $12.7B | +4.0% | compare |
| ICSHiShares Ultra Short Duration Bond Active ETF | — | 0.08% | $9.0B | −0.6% | compare |
The largest other funds in the Ultra-Short Bond category.
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 7 active of 34 with agreements; top 3 did 93%
- Created · redeemed
- $3.0B · $638M over the fiscal year
- Redemptions in kind
- 30% creations 37% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
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 2026-10-20
Holdings
1327
AUM
$9.9B
Provider
Vanguard
Inception
2021-04-06
Exchange
BATS
Data As Of
2026-10-20
Expense Ratio
0.10%
Dividend Yield
4.28%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-05 | $0.1811 | CD |
| 2026-09-01 | 2026-09-03 | $0.1743 | CD |
| 2026-08-03 | 2026-08-05 | $0.1749 | CD |
| 2026-07-01 | 2026-07-06 | $0.1755 | CD |
| 2026-06-01 | 2026-06-03 | $0.1686 | CD |
| 2026-05-01 | 2026-05-05 | $0.1760 | CD |
Asset Allocation
Top Holdings
top 50 of 1327 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | United States Treasury Bill | 3.92% | Treasury | US |
| — | MKTLIQ | 1.01% | Cash/Money Market | — |
| — | Regions Bank/Birmingham AL | 0.87% | Corporate Bond | US |
| — | PNC Financial Services Group Inc/The | 0.53% | Corporate Bond | US |
| — | United States Treasury Note/Bond | 0.52% | Treasury | US |
| — | National Bank of Canada | 0.51% | Corporate Bond | CA |
| — | Citizens Bank NA/Providence RI | 0.47% | Corporate Bond | US |
| — | US Bancorp | 0.47% | Corporate Bond | US |
| — | Bank of Nova Scotia/The | 0.46% | Corporate Bond | CA |
| — | Charles Schwab Corp/The | 0.44% | Corporate Bond | US |
| — | Canadian Imperial Bank of Commerce | 0.41% | Corporate Bond | CA |
| — | United States Treasury Note/Bond | 0.41% | Treasury | US |
| — | AbbVie Inc | 0.40% | Corporate Bond | US |
| — | Truist Bank | 0.40% | Corporate Bond | US |
| — | Province of British Columbia Canada | 0.40% | Sovereign | CA |
| — | Westlake Flooring Master Trust | 0.40% | MBS/ABS | — |
| — | UBS Group AG | 0.37% | Corporate Bond | — |
| — | OneMain Financial Issuance Trust 2026-2 | 0.37% | MBS/ABS | — |
| — | Bank of Montreal | 0.37% | Corporate Bond | CA |
| — | Hyundai Auto Lease Securitization Trust 2026-C | 0.36% | MBS/ABS | — |
| — | National Bank of Canada | 0.34% | Corporate Bond | CA |
| — | Goldman Sachs Group Inc/The | 0.34% | Corporate Bond | US |
| — | Truist Bank | 0.34% | Corporate Bond | US |
| — | DLLAD 2024-1 LLC | 0.34% | MBS/ABS | — |
| — | Bank of America Corp | 0.34% | Corporate Bond | US |
| — | Equitable Holdings Inc | 0.33% | Corporate Bond | US |
| — | Wendy's Funding LLC | 0.33% | MBS/ABS | US |
| — | PFS Financing Corp | 0.32% | MBS/ABS | US |
| — | RKTL 2026-3 | 0.32% | MBS/ABS | — |
| — | Extra Space Storage LP | 0.32% | Corporate Bond | US |
| — | Santander Drive Auto Receivables Trust | 0.32% | MBS/ABS | US |
| — | NTT Finance Corp | 0.32% | Corporate Bond | JP |
| — | Truist Bank | 0.32% | Corporate Bond | US |
| — | Intel Corp | 0.31% | Corporate Bond | US |
| — | Digital Realty Trust LP | 0.31% | Corporate Bond | US |
| — | Mercedes-Benz Finance North America LLC | 0.31% | Corporate Bond | DE |
| — | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | 0.30% | Corporate Bond | IE |
| — | Navistar Financial Dealer Note Master Owner Trust II 2025-1 | 0.30% | MBS/ABS | — |
| — | Cheniere Corpus Christi Holdings LLC | 0.29% | Corporate Bond | US |
| — | UBS Group AG | 0.28% | Corporate Bond | — |
| — | M&T Bank Auto Receivables Trust 2026-1 | 0.28% | MBS/ABS | US |
| — | Canadian Imperial Bank of Commerce | 0.28% | Corporate Bond | CA |
| — | BAT Capital Corp | 0.28% | Corporate Bond | US |
| — | NatWest Group PLC | 0.27% | Corporate Bond | GB |
| — | Deutsche Bank AG/New York NY | 0.27% | Corporate Bond | DE |
| — | M&T Bank Auto Receivables Trust 2026-1 | 0.27% | MBS/ABS | US |
| — | Goldman Sachs Group Inc/The | 0.27% | Corporate Bond | US |
| — | Citizens Bank NA/Providence RI | 0.27% | Corporate Bond | US |
| — | Sprint Capital Corp | 0.27% | Corporate Bond | US |
| — | Canadian Imperial Bank of Commerce | 0.27% | Corporate Bond | CA |
Non-Equity Breakdown
VANGUARD ULTRA-SHORT BOND ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$8.94B
· 1292 total positions
· equity 0.00%
· non-equity 99.23%
Non-equity holdings
— 1292 positions,
99.23% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 64.17% | $5.74B | 743 |
| CBO/CDO (Corporate) | 25.44% | $2.27B | 461 |
| US Treasury | 5.38% | $480.7M | 3 |
| Non-US Sovereign | 2.09% | $187.0M | 22 |
| Mortgage-backed (Corporate) | 1.67% | $149.2M | 52 |
| Short-term investment | 0.48% | $42.8M | 1 |
| Derivative (FX) | 0.02% | $1.4M | 5 |
| Derivative (interest rate) | -0.01% | $-694442 | 5 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -0.29% | 0.49% | 0.56% | 0.43% | 0.36% | 0.31% |
| Feb | -- | -0.26% | -0.06% | 0.10% | 0.56% | 0.34% | 0.14% |
| Mar | -- | -0.58% | 0.65% | 0.36% | 0.29% | -0.09% | 0.13% |
| Apr | 0.00% | -0.09% | 0.33% | 0.28% | 0.34% | 0.40% | 0.21% |
| May | 0.15% | 0.30% | 0.24% | 0.55% | 0.30% | 0.35% | 0.32% |
| Jun | -0.02% | -0.30% | 0.20% | 0.35% | 0.56% | 0.23% | 0.17% |
| Jul | 0.07% | 0.25% | 0.54% | 0.78% | 0.32% | 0.31% | 0.38% |
| Aug | 0.06% | -0.10% | 0.39% | 0.63% | 0.44% | 0.28% | 0.28% |
| Sep | 0.06% | -0.31% | 0.22% | 0.58% | 0.47% | 0.00% | 0.17% |
| Oct | -0.18% | -0.03% | 0.49% | 0.08% | 0.27% | 0.18%* | 0.14% |
| Nov | 0.00% | 0.47% | 0.76% | 0.39% | 0.35% | -- | 0.39% |
| Dec | -0.12% | 0.16% | 0.32% | -0.02% | 0.08% | -- | 0.08% |
| Total | 0.02% | -0.78% | 4.66% | 4.74% | 4.50% | 2.38% | 2.59% |
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: $49.49
SMA 50: $49.58
SMA 200: $49.72
Current: $49.50
EMA 12: $49.49
EMA 26: $49.51
MACD: -0.0189 | Signal: 0.0099
BEARISH
ADX (14): 19.57
RANGE
+DI: 21.11
−DI: 24.16
Momentum Oscillators
RSI (14): 46.98
NEUTRAL
Stoch %K: 75.22
Stoch %D: 71.88
Williams %R: -23.08
Volume & Volatility
BB Upper: $49.57
BB Lower: $49.41
NEUTRAL
OBV: 177,051,655
Vol SMA 20: 1,817,160
Vol ROC: -63.01%
ATR: $0.04
True Range: $0.02
HV 20: 1.2%
HV 30: 1.1%
HV 60: 1.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
VUSB (Vanguard Ultra-Short Bond ETF) - Comprehensive Analysis Report
Executive Summary
Overall Assessment: NEUTRAL | Confidence Level: 7/10
VUSB is the Vanguard Ultra-Short Bond ETF, an actively managed fixed-income fund holding 1,292 positions concentrated in short-duration U.S. Treasury bills, notes, and investment-grade bank debt. The fund is extremely defensive (beta 0.01 vs SPY), trading at a 4.28% trailing yield with an expense ratio of 0.10%—cheaper than 98% of its 43-peer category. The fund is experiencing robust inflows ($3.6B over 12 months, +40.3% of assets; latest month +$144M), reflecting investor flight-to-quality positioning in an uncertain macro environment.
Primary Drivers:
- Strong fund inflows indicating institutional and retail demand for safety
- Ultra-low volatility (HV20 1.3%, HV60 1.3%) appropriate for short-duration bonds
- Competitive fee structure and attractive yield for risk profile
Primary Risks:
- Rising rate environment could compress yield if Fed holds rates elevated
- Concentration in bank debt (PNC 0.6%, Regions Bank 0.5%, US Bancorp 0.5%, Charles Schwab 0.5%, Truist 0.4%) introduces modest credit risk in downturn scenarios
- News headline flagging VUSB as "worst Vanguard ETF to buy" (2024-03-30) suggests valuation or positioning concerns among value-oriented investors
Investment Thesis: VUSB functions as a capital preservation vehicle with modest yield in a risk-off environment. The dramatic inflow pattern ($3.6B in 12 months) indicates strong demand for safe havens; however, the fund's tight technical consolidation and negative MACD histogram suggest momentum is fading. Appropriate for defensive allocation, not growth-oriented strategies.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): NEUTRAL with downward bias
- Price $49.49 is trading below all three moving averages (SMA 20: $49.51, SMA 50: $49.61, SMA 200: $49.74)
- Fund is compressed within a extremely tight range; Bollinger Band width of only $0.41 indicates low volatility squeeze
- ADX (14) reads 26.86, confirming a trending regime (ADX >25 = confirmed trend), but the trend is down: -DI (32.30) exceeds +DI (22.72) by 10 points
Medium-term (1-3 months): NEUTRAL
- Fund remains within long-established range; no clear directional breakout visible
- EMA 12 ($49.49) and EMA 26 ($49.53) nearly identical, suggesting momentum transition point
Long-term (3-12 months): NEUTRAL to MILDLY BULLISH
- The $3.6B inflow pattern over 12 months and steady price stability suggest building demand floor
- However, no explosive upside breakout; price remains anchored near longer-term SMAs
Support/Resistance Levels
| Level | Type | Significance | |-------|------|--------------| | $49.41 | Support (Bollinger Lower Band) | Immediate floor; ~18 bps from current | | $49.51 | Pivot (SMA 20 / BB Middle) | Current price touching; key inflection | | $49.61 | Resistance (SMA 50 / BB Upper) | ~25 bps overhead; former ceiling | | $49.74 | Resistance (SMA 200) | Longer-term average; ~50 bps resistance | | $50.00 | Psychological Resistance | Round number; could trigger selling |
Price Action Context: VUSB trading at the lower end of its Bollinger Bands and below all SMAs indicates mild downward pressure or consolidation after recent moves.
Momentum Signals
RSI (14): 43.56 — NEUTRAL
- Positioned squarely in neutral zone (30-70); neither overbought nor oversold
- Slightly below 50 midpoint, suggesting weak downward bias but no extreme condition
- Not signaling reversal or continuation with conviction
MACD: -0.04 / Signal: 0.00 / Histogram: -0.04 — BEARISH DIVERGENCE
- MACD line (-0.04) is below signal line (0.00), indicating negative momentum
- Histogram is negative and small, showing weak bearish momentum rather than strong selling
- Critical Detail: This is a nascent bearish crossover; if histogram widens downward, confirms trend weakness
- Suggests fade in upside momentum after inflows
Stochastic %K (53.97) vs %D (45.38): NEUTRAL
- %K above %D indicates upward momentum within overbought/oversold framework
- However, neither reading extreme; readings suggest consolidation zone without conviction
Williams %R (-42.86): NEUTRAL
- Positioned between -50 (neutral) and 0 (overbought); slightly overextended toward middle
- Does not signal reversal; mildly bullish but weak
Bollinger Bands Position: NEUTRAL (Squeeze)
- Band width of $0.41 on a $49.49 price = 0.83% width ratio — extremely tight
- Price near middle ($49.51) suggests squeeze environment
- Historical volatility at 1.3% confirms low-volatility regime; fund is "locked in" tight range
- Breakout from squeeze (either direction) would require significant catalyst
Volume Analysis
Volume Trend: CONCERNING DIVERGENCE
- Volume SMA 20: 2,272,286 shares/day (baseline)
- Volume Rate of Change: -35.66% — sharp 35% drop below recent average
- This signals declining institutional/retail participation despite large inflows
On-Balance Volume (OBV): 180,921,002
- OBV is highly positive, reflecting cumulative buying pressure
- However, declining volume rate suggests inflow momentum is fading
- The combination of rising OBV (historical) + falling volume rate (recent) = potential trend reversal setup
Institutional Interest Signal:
- The -35.66% volume drop is a red flag for momentum continuation
- Vanguard's $144M inflow in latest month (from 12-month $3.6B total) shows inflows remain but decelerating
- Suggests peak inflow activity may have passed; fund popularity plateauing
News & Sentiment Analysis
Recent Headlines Summary
| Headline | Date | Sentiment | Relevance | |----------|------|-----------|-----------| | "Worst Vanguard ETF to Buy Right Now" | 2024-03-30 | NEGATIVE | Most Recent; Direct criticism of VUSB positioning | | "ETF flows pick up as stocks, bonds head for 2023 gains" | 2023-12-21 | NEUTRAL | Dated; reflects old market environment | | "How To Live Off Dividends Forever" | 2023-11-18 | NEUTRAL | Generic income strategy; low relevance | | "Pause Stock Purchases, Load Up On Treasuries" | 2022-09-23 | POSITIVE | Supports VUSB thesis but ~2 years old | | "Super Safe Investment With +9% Yield" | 2022-05-16 | NEUTRAL | Marketing-style headline; outdated yield environment | | "High-yield ETF outflows made strategist nervous" | 2022-03-31 | NEUTRAL | Refers to high-yield bonds, not ultra-short bonds |
Sentiment Assessment: MIXED / SLIGHTLY NEGATIVE
Negative Sentiment Driver (Recent):
- The March 30, 2024 Motley Fool article flagging VUSB as "worst Vanguard ETF to buy" is the most recent and most consequential headline
- This suggests value-oriented investors see VUSB as overvalued or poorly positioned despite fund popularity
- Context: Article likely published when fund was near recent highs or when rates were expected to rise further
Neutral/Positive Historical Context:
- Older headlines (2022-2023) support the "safe haven with yield" narrative
- Recent inflows (+$3.6B over 12 months) contradict negative editorial commentary
- Suggests *retail/institutional
Generated
News
All VUSB news →
MarketWatchT3·34mo ago
Seeking AlphaT3·35mo ago
Seeking AlphaT3·49mo ago
Seeking AlphaT3·53mo ago
MarketWatchT3·55mo ago
VUSB Options Activity & IV Rank
VUSB IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 4.7%
7-DTE IV: —
Expected Move: $0.00
7-DTE Move: $0.00
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 0
Put Volume: 0
P/C Volume: —
Call OI: 0
Put OI: 0
P/C OI: —
Total OI: 0
ATM Options Pricing
ATM Call: $0.00
ATM Put: $0.00
Call %: 0.0%
Put %: 0.0%
Chain Summary
Chain Volume: 0
Chain OI: 0
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
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
-1.00
OI-weighted, today
Vanna tilt
-1.00
δ-sensitivity to IV
Charm tilt
+1.00
δ-decay vs time
Vanna tilt -1.00: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +1.00: the estimated dealer exposure leans positive, 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 21 · No data
30 DTE / 10d
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EXTREME
as of Oct 21 · ATM 13.4% / 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)2.2LowOct 21
Straddle Price (30 DTE)$0.00Oct 21
Beta Analysis
Risk Metrics
Beta: 0.0142
Alpha: -1.15%
Correlation: 0.1302
R-Squared: 1.7%
Stock Volatility: 1.4%
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
VUSB 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 |
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| # | Filer | Notional Value | % of Total | Period |
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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
794.34K
SI % of Float
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Days to Cover
1.00
Short Vol Ratio
52.3%
Free Float
—
Float %
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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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