XMAG Defiance Large Cap ex-Mag 7 ETF

ETF 25.63 Delayed

ETF 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.

XMAG $25.63 —
Key stats
$25.63
52-Week Range
$21.57 – $26.92
YTD
+13.45%
IV Rank (30D)
48.45
Straddle Price
$1.07
P/C Vol Ratio
0.00
Open
$25.68
Day Range
$25.56 – $25.72
Volume
10,463
Prev Close
$25.80
About

Defiance Large Cap ex-Mag 7 ETF (XMAG) ETF

No description available.

Exchange
XNAS
Inception
2024-10-21
Has Options
Yes
Fund profile
holdings as of Oct 1, 2026third-party datathrough May 2026flows, SEC filings
Expense ratio
0.35%
prospectus, filed Dec 22, 2025
Assets
$143M
SEC filing, May 31, 2026
Trailing yield
0.45%
paid annual
Average daily volume
$1.4M
30 sessions
Holdings
498
top 10 are 19.6%
Listed
Oct 21, 2024
Nasdaq
Closure risk, 12 months
1.4%
low: age · model
FrenzyCap ETF score
67
how it is built
Cost86
Liquidity39
Scale36
Diversification100

Moves with. US large-cap stocks (84% of its variance, beta 0.92); Small caps over large (6% of its variance, beta 0.18); Emerging markets over US (6% of its variance, beta 0.10). These factors explain 86% of its daily moves over the last year.

Stated objective. The Defiance Large Cap ex-Mag 7 ETF (the Fund) seeks to track the performance, before fees and expenses, of the BITA US 500 ex-Magnificent 7 Index (the Index). (from the fund's prospectus)

All 498 holdingsFlow historySimilar fundsOverlap toolAll Internet & Innovation ETFs

Fund flows
through May 2026SEC filings
May 2026
+$603K
latest reported month
Latest 3 months
−$8.3M
−5.8% of assets
Latest 12 months
+$89M
+62.4% of assets
Jun 2025: −$1.5MJul 2025: +$536KJulAug 2025: +$1.6MSep 2025: +$4.4MSepOct 2025: +$11MNov 2025: +$8.8MNovDec 2025: +$39M+$39MJan 2026: +$19MJanFeb 2026: +$14MMar 2026: −$2.7MMarApr 2026: −$6.2M−$6.2MMay 2026: +$603KMay
View as a table
Net flows of XMAG by month, Jun 2025 to May 2026
MonthNet flow
May 2026+$603K
Apr 2026−$6.2M
Mar 2026−$2.7M
Feb 2026+$14M
Jan 2026+$19M
Dec 2025+$39M
Nov 2025+$8.8M
Oct 2025+$11M
Sep 2025+$4.4M
Aug 2025+$1.6M
Jul 2025+$536K
Jun 2025−$1.5M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 20 months ago

Similar funds
FundOverlapFeeAssets1Y
DSPYTema S&P 500 Historical Weight ETF Strategy78%0.18%$888M+16.4%compare
TOPCiShares S&P 500 3% Capped ETF77%0.09%$33M+14.8%compare
SPXTProShares S&P 500 Ex-Technology ETF69%0.09%$304M+10.2%compare
SPYHNEOS S&P 500 Hedged Equity Income ETF65%0.68%$32M+3.4%compare
DFALDimensional US Large Cap Core Equity Market ETF65%0.12%$1.7B—compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Oct 1, 2026third-party data
Holdings vs fair value
+4.3%
33% under, 29% over · 100% covered
Price / earnings
25.9
5% loss-making · 100% covered
Price / book · sales
4.2 · 2.8
revenue growth +12.3%
Above 200-day average
64%
54% above 50-day · by weight
Short interest
2.5%
of float, weighted · 3.0 days to cover
Insider buying
6%
of weight had net insider buying, 90 days; 65% net selling
13F holders
+2.3%
change in shares held by institutions, latest quarter
Reporting earnings
33.0%
of weight in 7 days; 55.2% in 14
Implied correlation
0.24
fund IV 19.3% vs holdings 39.2% · board
Largest contributors below fair value
Largest contributors above fair value

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
ActionHoldingWeight beforeWeight afterShares vs flows
ExitCCLCarnival Corp0.08%——
IncreaseALABAstera Labs Inc0.04%0.11%+11.7%
New positionCarnival Corp Ltd—0.07%—
New positionCASYCasey's General Stores Inc—0.07%—
New positionMDLNMedline Inc—0.07%—
IncreaseCOHRCoherent Corp0.08%0.14%+43.6%
New positionCWCurtiss-Wright Corp—0.06%—
New positionTechnipFMC PLC—0.06%—
New positionFTAI Aviation Ltd—0.06%—
ExitCTRACoterra Energy Inc0.06%——

Full holdings and history

ETF Profile
holdings as of 2026-05-31
Holdings
493
AUM
$143.2M
Provider
Nport
Inception
2024-10-21
Exchange
XNAS
Data As Of
2026-05-31
Expense Ratio
0.35%
Dividend Yield
0.45%
Distribution
Annual
Recent distributions
Ex-Date Pay Date Amount Type
2025-12-30 2025-12-31 $0.1161 SC
2024-12-31 2025-01-03 $0.0470 CD
Asset Allocation
Top Holdings
top 50 of 493 holdings
Symbol Name Weight % Asset Class Country
AVGO Broadcom Inc 4.78% Equity (common) US
MU Micron Technology Inc 2.51% Equity (common) US
LLY Eli Lilly & Co 2.16% Equity (common) US
AMD Advanced Micro Devices Inc 1.93% Equity (common) US
JPM JPMorgan Chase & Co 1.85% Equity (common) US
BRK.B Berkshire Hathaway Inc 1.51% Equity (common) US
XOM Exxon Mobil Corp 1.39% Equity (common) US
V Visa Inc 1.26% Equity (common) US
INTC Intel Corp 1.26% Equity (common) US
JNJ Johnson & Johnson 1.25% Equity (common) US
WMT Walmart Inc 1.16% Equity (common) US
CSCO Cisco Systems Inc 1.10% Equity (common) US
COST Costco Wholesale Corp 0.98% Equity (common) US
CAT Caterpillar Inc 0.94% Equity (common) US
MA Mastercard Inc 0.93% Equity (common) US
LRCX Lam Research Corp 0.92% Equity (common) US
ABBV AbbVie Inc 0.89% Equity (common) US
ORCL Oracle Corp 0.87% Equity (common) US
BAC Bank of America Corp 0.85% Equity (common) US
CVX Chevron Corp 0.83% Equity (common) US
NFLX Netflix Inc 0.83% Equity (common) US
AMAT Applied Materials Inc 0.82% Equity (common) US
UNH UnitedHealth Group Inc 0.79% Equity (common) US
GE General Electric Co 0.78% Equity (common) US
KO Coca-Cola Co/The 0.78% Equity (common) US
PG Procter & Gamble Co/The 0.77% Equity (common) US
PLTR Palantir Technologies Inc 0.76% Equity (common) US
HD Home Depot Inc/The 0.73% Equity (common) US
GS Goldman Sachs Group Inc/The 0.70% Equity (common) US
MRK Merck & Co Inc 0.68% Equity (common) US
IBM IBM 0.64% Equity (common) US
PM Philip Morris International In 0.64% Equity (common) US
TXN Texas Instruments Inc 0.63% Equity (common) US
QCOM QUALCOMM Inc 0.62% Equity (common) US
GEV GE Vernova Inc 0.60% Equity (common) US
MS Morgan Stanley 0.59% Equity (common) US
KLAC KLA Corp 0.58% Equity (common) US
RTX RTX Corp 0.55% Equity (common) US
WFC Wells Fargo & Co 0.55% Equity (common) US
SNDK Sandisk Corp/DE 0.54% Equity (common) US
— Linde PLC 0.53% Equity (common) US
PANW Palo Alto Networks Inc 0.52% Equity (common) US
AXP American Express Co 0.51% Equity (common) US
C Citigroup Inc 0.51% Equity (common) US
ADI Analog Devices Inc 0.46% Equity (common) US
VZ Verizon Communications Inc 0.46% Equity (common) US
MCD McDonald's Corp 0.46% Equity (common) US
PEP PepsiCo Inc 0.45% Equity (common) US
— Seagate Technology Holdings PL 0.43% Equity (common) US
TMO Thermo Fisher Scientific Inc 0.43% Equity (common) US
Chart
Seasonality
Month'24'25'26Avg
Jan--4.92%1.48%3.20%
Feb--0.29%1.25%0.77%
Mar---2.96%-4.81%-3.88%
Apr---0.66%7.49%3.42%
May--4.64%4.69%4.67%
Jun--3.72%3.37%3.54%
Jul---0.24%-1.82%-1.03%
Aug--3.21%2.06%2.63%
Sep--2.68%-1.28%0.70%
Oct-2.30%0.51%0.24%*-0.52%
Nov6.14%1.61%--3.88%
Dec-5.17%0.36%---2.40%
Total-1.66%19.29%12.81%10.15%
* Only 3 year(s) of data available.
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: $25.68
SMA 50: $25.84
SMA 200: $24.50
Current: $25.60
EMA 12: $25.67
EMA 26: $25.70
MACD: -0.0278 | Signal: -0.0012
BEARISH
ADX (14): 8.53
RANGE
+DI: 22.73
−DI: 23.69

Momentum Oscillators

RSI (14): 47.26
NEUTRAL
Stoch %K: 56.46
Stoch %D: 49.18
Williams %R: -59.06

Volume & Volatility

BB Upper: $25.98
BB Lower: $25.38
NEUTRAL
OBV: 660,383
Vol SMA 20: 45,607
Vol ROC: -36.41%
ATR: $0.26
True Range: $0.24
HV 20: 10.2%
HV 30: 10.4%
HV 60: 11.0%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

XMAG Options Activity & IV Rank

XMAG IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 25.2%
7-DTE IV: —
Expected Move: $1.07
7-DTE Move: $1.07
Days to Exp: 29 (2026-11-20)

Options Flow

Call Volume: 1
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 1
Put OI: 0
P/C OI: —
Total OI: 1

ATM Options Pricing

ATM Call: $0.47
ATM Put: $0.60
Call %: 1.9%
Put %: 2.3%

Chain Summary

Chain Volume: 30
Chain OI: 61
Last Updated: 10/22/2026
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 41st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
41%
vs own history
GEX tilt
-0.54
OI-weighted, today
Vanna tilt
+0.41
δ-sensitivity to IV
Charm tilt
-0.61
δ-decay vs time
Vanna tilt +0.41: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.61: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

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.

· 5 ATM contracts, 3k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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 17.4% / Wing —

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)48.5MediumOct 22
Straddle Price (30 DTE)$1.07Oct 22
Beta Analysis

Risk Metrics

Beta: 0.8490
Alpha: 2.76%
Correlation: 0.8818
R-Squared: 77.8%
Stock Volatility: 12.3%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Beta & Alpha Over Time

XMAG Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional 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.

42 filers1,357,108 shares$35.31M value
# Filer Shares Value % of Total % of Float Period
1 TTP Investments, Inc. 678,583 $17.70M 50.12% — 2026-06-30
2 Envestnet Asset Management, Inc. 84,912 $2.21M 6.27% — 2026-06-30
3 Pinnacle Financial Partners, Inc. 62,286 $1.62M 4.60% — 2026-06-30
4 Wealthcare Advisory Partners LLC 47,504 $1.24M 3.51% — 2026-06-30
5 Brookstone Capital Management 44,625 $1.16M 3.30% — 2026-06-30
6 Cresset Asset Management, LLC 44,500 $1.16M 3.29% — 2026-06-30
7 MLP3, LLC 40,772 $1.06M 3.01% — 2026-06-30
8 STEEL GROVE CAPITAL ADVISORS, LLC 36,875 $935.52K 2.65% — 2026-09-30
9 MATHER GROUP, LLC. 26,924 $683.06K 1.93% — 2026-09-30
10 Strategic Blueprint, LLC 25,992 $677.87K 1.92% — 2026-06-30
11 Geometric Wealth Advisors 21,574 $562.65K 1.59% — 2026-06-30
12 Susquehanna International Group, LLP Custodian 20,357 $530.91K 1.50% — 2026-06-30
13 PRINCIPAL SECURITIES, INC. 20,331 $530.23K 1.50% — 2026-06-30
14 Cedar Wealth Management, LLC 17,429 $454.55K 1.29% — 2026-06-30
15 Cambridge Investment Research Advisors, Inc. 16,513 $431.00K 1.22% — 2026-06-30
16 Embree Financial Group 16,350 $426.41K 1.21% — 2026-06-30
17 HighTower Advisors, LLC 14,280 $372.41K 1.05% — 2026-06-30
18 Refined Wealth Management 14,433 $366.17K 1.04% — 2026-09-30
19 Planning Project LLC 13,930 $362.60K 1.03% — 2026-06-30
20 Venturi Wealth Management, LLC 11,300 $294.70K 0.83% — 2026-06-30
21 TD Waterhouse Canada Inc. 11,350 $289.31K 0.82% — 2026-09-30
22 CAPTRUST FINANCIAL ADVISORS 10,221 $266.56K 0.75% — 2026-06-30
23 NewEdge Advisors, LLC 10,049 $262.08K 0.74% — 2026-06-30
24 McHugh Group, LLC 10,000 $260.80K 0.74% — 2026-06-30
25 Corient Private Wealth LP 9,500 $247.76K 0.70% — 2026-06-30
# 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
181.40K
SI % of Float
—
Days to Cover
4.73
Short Vol Ratio
58.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month