Zacks Investment ResearchT3·19d ago
XSD State Street SPDR S&P Semiconductor ETF
ETF 470.25 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.
XSD
$470.25
—
Key stats
$470.25
- 52-Week Range
- $280.83 – $658.14
- YTD
- +40.22%
- IV Rank (30D)
- 23.92
- Straddle Price
- $45.20
- P/C Vol Ratio
- 1.29
- Open
- $477.61
- Day Range
- $466.65 – $477.70
- Volume
- 65,589
- Prev Close
- $462.03
About
State Street SPDR S&P Semiconductor ETF (XSD) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2006-01-31
- Has Options
- Yes
- Homepage
- https://www.ssga.com/us/en/individual/etfs
Fund profile
holdings as of Oct 15, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.35% issuer, Oct 19, 2026
- Assets
- $2.7B issuer-reported, Oct 15, 2026
- Trailing yield
- 0.17% paid quarterly
- Average daily volume
- $72M 30 sessions
- Holdings
- 48 top 10 are 28.7%
- Listed
- Jan 31, 2006 NYSE Arca
- Net asset value
- $482.04 issuer, Oct 15, 2026 · closed -0.03% to NAV
- Median bid/ask spread
- 0.12% 30 days, issuer-reported
- 30-day SEC yield
- 0.15% issuer
- Tracking difference
- -0.86 pts vs index, after fees, FY 2026
Cost91
Liquidity95
Scale90
Diversification70
Moves with. US large-cap stocks (34% of its variance, beta 1.78); Emerging markets over US (24% of its variance, beta 1.04); Value over growth (11% of its variance, beta -0.56); Small caps over large (10% of its variance, beta 1.16). These factors explain 72% of its daily moves over the last year.
Stated objective. The State Street SPDR S&P Semiconductor ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the semiconductor segment of a U.S. total market composite index. (from the fund's prospectus)
All 48 holdingsFlow historySimilar fundsOverlap toolAll Semiconductors ETFs
Fund flows
daily as of Oct 15, 2026issuer datathrough Jun 2026SEC filings- Oct 15, 2026
- −$9.6M latest day
- Latest 5 trading days
- −$87M
- Latest 21 trading days
- −$32M −1.2% of assets
- Year to date
- +$344M +$326M over 12 months
Each day
| Day | Net flow |
|---|---|
| Oct 15, 2026 | −$9.6M |
| Oct 14, 2026 | −$39M |
| Oct 13, 2026 | +$13M |
| Oct 12, 2026 | −$25M |
| Oct 9, 2026 | −$26M |
| Oct 8, 2026 | +$13M |
| Oct 7, 2026 | −$14M |
| Oct 6, 2026 | −$14M |
| Oct 5, 2026 | $0 |
| Oct 2, 2026 | −$14M |
| Oct 1, 2026 | +$13M |
| Sep 30, 2026 | +$13M |
| Sep 29, 2026 | +$27M |
| Sep 28, 2026 | $0 |
| Sep 25, 2026 | −$14M |
| Sep 24, 2026 | +$40M |
| Sep 23, 2026 | $0 |
| Sep 22, 2026 | $0 |
| Sep 21, 2026 | −$171M |
| Sep 18, 2026 | $0 |
| Sep 17, 2026 | +$175M |
Daily figures are the change in shares outstanding times net asset value, both as the issuer publishes them each day.
- Jun 2026
- +$35M latest reported month
- Latest 3 months
- +$290M +8.3% of assets
- Latest 12 months
- +$282M +8.1% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$35M |
| May 2026 | +$203M |
| Apr 2026 | +$52M |
| Mar 2026 | −$8.5M |
| Feb 2026 | +$18M |
| Jan 2026 | −$7.9M |
| Dec 2025 | −$8.6M |
| Nov 2025 | −$79M |
| Oct 2025 | +$104M |
| Sep 2025 | −$139K |
| Aug 2025 | +$20M |
| Jul 2025 | −$46M |
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 | |
|---|---|---|---|---|---|
| FTXLFirst Trust Nasdaq Semiconductor ETF | 40% | 0.60% | $1.2B | +87.2% | compare |
| CHPYYieldMax Semiconductor Portfolio Option Income ETF | 39% | 1.03% | $1.0B | +4.6% | compare |
| SOXYYieldMax Target 12 Semiconductor Option Income ETF | 39% | 1.06% | $64M | +43.3% | compare |
| SOXXiShares Semiconductor ETF | 38% | 0.33% | $39.3B | +71.5% | compare |
| SOXQInvesco PHLX Semiconductor ETF | 38% | 0.19% | $2.4B | +64.5% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 15, 2026issuer data- Holdings vs fair value
- +7.3% 42% under, 32% over · 100% covered
- Price / earnings
- 130.8 27% loss-making · 97% covered
- Price / book · sales
- 5.3 · 6.9 revenue growth +16.7%
- Above 200-day average
- 44% 17% above 50-day · by weight
- Short interest
- 8.4% of float, weighted · 3.5 days to cover
- Insider buying
- 2% of weight had net insider buying, 90 days; 79% net selling
- 13F holders
- +4.5% change in shares held by institutions, latest quarter
- Reporting earnings
- 8.9% of weight in 7 days; 34.9% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.37%
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
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | TET1 Energy Inc | — | 2.59% | — |
| New position | CBRSCerebras Systems Inc | — | 1.96% | — |
| Increase | WOLFWolfspeed Inc | 0.78% | 2.34% | +91.5% |
| Decrease | PENGPenguin Solutions Inc | 1.47% | 2.74% | −18.7% |
| Increase | Alpha & Omega Semiconductor Ltd | 0.65% | 1.87% | +152.3% |
| Decrease | ONON Semiconductor Corp | 2.91% | 1.80% | −23.7% |
| Increase | CRUSCirrus Logic Inc | 2.98% | 1.98% | +21.4% |
| New position | AMBQAmbiq Micro Inc | — | 0.89% | — |
| Increase | SLABSilicon Laboratories Inc | 2.88% | 2.11% | +31.1% |
| Increase | FSLRFirst Solar Inc | 2.75% | 1.99% | +13.8% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.3%. Full holdings and history
Under the hood
fiscal year to Jun 30, 2026SEC census- Authorized participants
- 9 active of 41 with agreements; top 3 did 71%
- Created · redeemed
- $1.8B · $1.5B over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 13.13% of assets on loan on average; earned 6.4 bp
- Return vs index
- -0.86 pts after fees; -0.03 before; daily s.d. 0.07
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 2026-10-16
Holdings
48
AUM
$2.6B
Provider
SPDR (State Street)
Inception
2006-01-31
Exchange
ARCX
Data As Of
2026-10-16
Expense Ratio
0.35%
Dividend Yield
0.17%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-21 | 2026-09-23 | $0.1842 | CD |
| 2026-06-22 | 2026-06-24 | $0.2328 | CD |
| 2026-03-23 | 2026-03-25 | $0.1801 | CD |
| 2025-12-22 | 2025-12-24 | $0.2059 | CD |
| 2025-09-22 | 2025-09-24 | $0.1589 | CD |
| 2025-06-23 | 2025-06-25 | $0.2643 | CD |
Asset Allocation
Top Holdings
top 48 of 48 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| SYNA | SYNAPTICS INC | 3.39% | Equity (US) | US |
| ADI | ANALOG DEVICES INC | 2.94% | Equity (US) | US |
| PI | IMPINJ INC | 2.89% | Equity (US) | US |
| TXN | TEXAS INSTRUMENTS INC | 2.87% | Equity (US) | US |
| SWKS | SKYWORKS SOLUTIONS INC | 2.83% | Equity (US) | US |
| NXPI | NXP SEMICONDUCTORS NV | 2.79% | Equity (Foreign) | NL |
| PENG | PENGUIN SOLUTIONS INC | 2.78% | Equity (US) | US |
| ON | ON SEMICONDUCTOR | 2.75% | Equity (US) | US |
| AMD | ADVANCED MICRO DEVICES | 2.75% | Equity (US) | US |
| MCHP | MICROCHIP TECHNOLOGY INC | 2.75% | Equity (US) | US |
| CRDO | CREDO TECHNOLOGY GROUP HOLDI | 2.74% | Equity (US) | US |
| MPWR | MONOLITHIC POWER SYSTEMS INC | 2.73% | Equity (US) | US |
| SLAB | SILICON LABORATORIES INC | 2.73% | Equity (US) | US |
| MXL | MAXLINEAR INC | 2.71% | Equity (US) | US |
| RMBS | RAMBUS INC | 2.70% | Equity (US) | US |
| QCOM | QUALCOMM INC | 2.65% | Equity (US) | US |
| OLED | UNIVERSAL DISPLAY CORP | 2.65% | Equity (US) | US |
| CRUS | CIRRUS LOGIC INC | 2.64% | Equity (US) | US |
| MRVL | MARVELL TECHNOLOGY INC | 2.63% | Equity (US) | US |
| NVDA | NVIDIA CORP | 2.60% | Equity (US) | US |
| ALAB | ASTERA LABS INC | 2.58% | Equity (US) | US |
| DIOD | DIODES INC | 2.50% | Equity (US) | US |
| MTSI | MACOM TECHNOLOGY SOLUTIONS H | 2.49% | Equity (US) | US |
| AVGO | BROADCOM INC | 2.45% | Equity (US) | US |
| LSCC | LATTICE SEMICONDUCTOR CORP | 2.44% | Equity (US) | US |
| AMBA | AMBARELLA INC | 2.43% | Equity (US) | US |
| POWI | POWER INTEGRATIONS INC | 2.43% | Equity (US) | US |
| ALGM | ALLEGRO MICROSYSTEMS INC | 2.39% | Equity (US) | US |
| MU | MICRON TECHNOLOGY INC | 2.32% | Equity (US) | US |
| FSLR | FIRST SOLAR INC | 2.31% | Equity (US) | US |
| INTC | INTEL CORP | 2.30% | Equity (US) | US |
| SMTC | SEMTECH CORP | 2.26% | Equity (US) | US |
| IONQ | IONQ INC | 2.23% | Equity (US) | US |
| SITM | SITIME CORP | 2.17% | Equity (US) | US |
| RGTI | RIGETTI COMPUTING INC | 2.10% | Equity (US) | US |
| NVTS | NAVITAS SEMICONDUCTOR CORP | 1.95% | Equity (US) | US |
| CBRS | CEREBRAS SYSTEMS INC A | 1.76% | Equity (US) | US |
| AMBQ | AMBIQ MICRO INC | 0.99% | Equity (US) | US |
| WOLF | WOLFSPEED INC | 0.80% | Equity (US) | US |
| CEVA | CEVA INC | 0.74% | Equity (US) | US |
| KOPN | KOPIN CORP | 0.63% | Equity (US) | US |
| AOSL | ALPHA + OMEGA SEMICONDUCTOR | 0.52% | Equity (US) | US |
| TE | T1 ENERGY INC | 0.51% | Equity (US) | US |
| NVEC | NVE CORP | 0.48% | Equity (US) | US |
| INDI | INDIE SEMICONDUCTOR INC A | 0.44% | Equity (US) | US |
| MRAM | EVERSPIN TECHNOLOGIES INC | 0.26% | Equity (US) | US |
| — | SSI US GOV MONEY MARKET CLASS | 0.05% | Cash/Money Market | — |
| — | US DOLLAR | -0.03% | Cash/Money Market | — |
Non-Equity Breakdown
State Street(R) SPDR(R) S&P(R) Semiconductor ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-28)
Net assets:
$3.48B
· 51 total positions
· equity 99.90%
· non-equity 8.05%
Non-equity holdings
— 4 positions,
8.05% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 8.05% | $279.8M | 4 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 5.77% | -17.65% | 18.96% | -3.46% | -1.31% | 3.38% | 0.95% |
| Feb | -0.04% | 0.14% | -3.90% | 6.25% | -7.13% | -0.82% | -0.92% |
| Mar | -5.52% | 4.55% | 4.70% | 0.02% | -7.87% | -8.39% | -2.08% |
| Apr | -6.50% | -15.41% | -13.17% | -4.00% | -4.28% | 46.94% | 0.60% |
| May | 2.86% | 2.34% | 13.09% | 13.12% | 13.20% | 22.99% | 11.27% |
| Jun | 8.07% | -16.01% | 5.92% | 0.73% | 14.32% | 3.75% | 2.80% |
| Jul | 0.71% | 24.92% | 2.76% | -1.68% | 3.57% | -18.97% | 1.89% |
| Aug | 5.70% | -5.97% | -6.12% | 6.01% | 9.36% | -2.02% | 1.16% |
| Sep | -2.84% | -7.89% | -8.52% | 8.05% | 12.86% | 11.99% | 2.28% |
| Oct | 11.10% | -0.72% | -13.29% | -1.05% | 10.11% | -12.27%* | -1.02% |
| Nov | 4.67% | 16.80% | 17.03% | 5.72% | -7.60% | -- | 7.32% |
| Dec | 2.35% | -9.12% | 11.29% | -1.67% | 1.31% | -- | 0.83% |
| Total | 27.81% | -28.52% | 24.08% | 30.01% | 37.82% | 37.38% | 21.43% |
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: $521.98
SMA 50: $509.67
SMA 200: $465.82
Current: $470.25
EMA 12: $501.13
EMA 26: $509.83
MACD: -8.6987 | Signal: -9.1721
BULLISH
ADX (14): 21.12
WEAK TREND
+DI: 16.66
−DI: 36.15
Momentum Oscillators
RSI (14): 35.29
NEUTRAL
Stoch %K: 9.86
Stoch %D: 11.00
Williams %R: -90.96
Volume & Volatility
BB Upper: $576.25
BB Lower: $467.71
NEUTRAL
OBV: 1,799,871
Vol SMA 20: 146,143
Vol ROC: -32.74%
ATR: $17.70
True Range: $15.67
HV 20: 38.2%
HV 30: 41.5%
HV 60: 45.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-21T00:00:00 – 2026-10-19T00:00:00
AI Analysis
Here is the stock analysis report for XSD:
Executive Summary
- Overall Assessment: BEARISH (Confidence Level: 6/10)
- Key Drivers:
- Negative news sentiment
- High volatility, high beta
- Primary Risks:
- Potential breakdown below $453.43
- Options market pricing a significant move, which could lead to further price swings
- Investment Thesis:
- As the semiconductor sector faces potential challenges and uncertainty, XSD's high volatility and negative news sentiment may continue to drive its price downward.
- Recent News Sentiment Impact:
- The positive news headline about AI plays has been somewhat offset by the negative market commentary and regulatory issues mentioned in other recent headlines.
Technical Analysis
- Trend Direction: BEARISH (Short-term), NEUTRAL (Medium-term), BEARISH (Long-term)
- Support/Resistance Levels:
- Upper Bollinger Band: $584.52
- Middle Bollinger Band: $518.98
- Lower Bollinger Band: $453.43
- Momentum Signals:
- RSI: 42.05 (Neutral), indicating no strong buying or selling pressure
- MACD: Bearish, with a histogram value of -21.72, suggesting a continuation of the bearish trend
- Bollinger Bands: Neutral signal, as price is near the middle band
News & Sentiment Analysis
- Recent Headlines Summary:
- Mixed sentiment headlines, with some positive news about AI plays and others focusing on regulatory issues and market commentary.
- Sentiment Assessment: NEUTRAL (Positive 2/6, Negative 2/6, Neutral 2/6)
- Catalyst Identification:
- No specific catalysts mentioned in recent headlines
- Market Narrative:
- The mixed sentiment headlines suggest that XSD's price may be influenced by broader market trends and sector-specific issues.
Risk & Volatility Assessment
- Beta Interpretation: High risk (Beta: 2.55 vs SPY)
- Volatility Regime: High volatility, with a stock volatility of 0.45
- Options Market Signals:
- IV Rank: Medium (45.0%), indicating historically medium volatility
- Current IV: 78.5%, suggesting the options market is pricing in some uncertainty
- Expected Move: $53.00 (21 DTE), with a 7-DTE move of $53.00, indicating potential price swings
Market Context & Positioning
- Sector Performance: XSD's performance has been somewhat mixed, with both positive and negative news headlines.
- Institutional Activity:
- Volume patterns suggest some institutional interest, but no clear trend.
- Correlation Analysis:
- The stock moves relatively closely to the market (R-squared interpretation), suggesting some correlation between the two.
Key Levels & Action Items
- Critical Price Levels: $453.43 (Lower Bollinger Band) and $584.52 (Upper Bollinger Band)
- Breakout/Breakdown Levels:
- Breakdown below $453.43 could lead to further price declines
- Breakout above $584.52 could indicate a change in trend direction
- Time-Sensitive Catalysts: None mentioned in recent headlines.
- Risk Management:
- Stop-loss levels should be set near the Lower Bollinger Band ($453.43) to limit potential losses.
Please let me know if you have any further questions or if there's anything I can help with!
Generated
News
All XSD news →
Zacks Investment ResearchT3·1mo ago
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Showing 1–10 of 50
Page 1 of 5
XSD Options Activity & IV Rank
XSD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 40.8%
7-DTE IV: —
Expected Move: $45.20
7-DTE Move: $45.20
Days to Exp: 32 (2026-11-20)
Options Flow
Call Volume: 35
Put Volume: 45
P/C Volume: 1.286
NEUTRAL
Call OI: 70
Put OI: 67
P/C OI: 0.957
Total OI: 137
ATM Options Pricing
ATM Call: $23.90
ATM Put: $21.30
Call %: 5.1%
Put %: 4.5%
Chain Summary
Chain Volume: 911
Chain OI: 1,413
Last Updated: 10/19/2026
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 56th 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
56%
vs own history
GEX tilt
+0.21
OI-weighted, today
Vanna tilt
-0.19
δ-sensitivity to IV
Charm tilt
+0.04
δ-decay vs time
? What is this?
· 13 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 19 · No data
30 DTE / 10d
18%
+5.7
pts
EXTREME
as of Oct 19 · ATM 40.8% / Wing 46.5%
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
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)23.9LowOct 19
Straddle Price (30 DTE)$45.20Oct 19
Beta Analysis
Risk Metrics
Beta: 2.5957
Alpha: 3.37%
Correlation: 0.7023
R-Squared: 49.3%
Stock Volatility: 47.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
XSD 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.
5 filers$82.62M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $43.78M | 52.99% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $18.40M | 22.27% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $17.15M | 20.76% | 2026-06-30 |
| 4 | Belvedere Trading LLC | $2.49M | 3.02% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $790.15K | 0.96% | 2025-09-30 |
7 filers$77.40M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $19.46M | 25.14% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $18.52M | 23.93% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $16.47M | 21.27% | 2026-06-30 |
| 4 | Belvedere Trading LLC | $14.28M | 18.45% | 2026-06-30 |
| 5 | Centiva Capital, LP | $6.24M | 8.06% | 2026-06-30 |
| 6 | INTERCAPITAL, LLC | $2.18M | 2.82% | 2026-06-30 |
| 7 | Wolverine Trading, LLC Custodian | $252.85K | 0.33% | 2025-09-30 |
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
238.71K
SI % of Float
4.19%
Days to Cover
2.12
Short Vol Ratio
66.5%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-19
XSD Constituent Performance
Click any bar to view the full quote for that stock.
XSD Constituents (46 of 46)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| SYNA | SYNAPTICS INC | 3.39% | $117.05 | -0.11% | -1.97% | +22.75% |
| ADI | ANALOG DEVICES INC | 2.94% | $394.35 | -0.28% | -2.93% | +2.96% |
| PI | IMPINJ INC | 2.89% | $175.74 | +0.21% | -7.52% | -4.51% |
| TXN | TEXAS INSTRUMENTS INC | 2.87% | $276.15 | -0.12% | -1.98% | +1.95% |
| SWKS | SKYWORKS SOLUTIONS INC | 2.83% | $80.23 | +0.66% | +7.40% | -9.59% |
| NXPI | NXP SEMICONDUCTORS NV | 2.79% | $230.19 | +0.38% | +2.21% | -0.96% |
| PENG | PENGUIN SOLUTIONS INC | 2.78% | $56.54 | -0.98% | -28.57% | +2.97% |
| ON | ON SEMICONDUCTOR | 2.75% | $73.12 | +1.53% | -3.79% | +1.95% |
| AMD | ADVANCED MICRO DEVICES | 2.75% | $538.05 | +1.76% | -9.46% | -12.59% |
| MCHP | MICROCHIP TECHNOLOGY INC | 2.75% | $74.43 | +0.79% | +0.81% | -0.47% |
| CRDO | CREDO TECHNOLOGY GROUP HOLDI | 2.74% | $172.81 | +1.83% | -13.96% | -7.72% |
| MPWR | MONOLITHIC POWER SYSTEMS INC | 2.73% | $1253.66 | +3.53% | -4.97% | -1.88% |
| SLAB | SILICON LABORATORIES INC | 2.73% | $220.99 | +-0.00% | -0.32% | +0.05% |
| MXL | MAXLINEAR INC | 2.71% | $77.11 | +8.12% | -13.35% | -10.32% |
| RMBS | RAMBUS INC | 2.70% | $92.66 | +6.20% | -8.29% | -4.43% |
| QCOM | QUALCOMM INC | 2.65% | $173.53 | +0.83% | -0.52% | -10.66% |
| OLED | UNIVERSAL DISPLAY CORP | 2.65% | $80.24 | +2.94% | +6.84% | +2.90% |
| CRUS | CIRRUS LOGIC INC | 2.64% | $108.6 | +0.68% | +2.13% | -9.48% |
| MRVL | MARVELL TECHNOLOGY INC | 2.63% | $237.09 | +4.06% | -10.82% | -7.88% |
| NVDA | NVIDIA CORP | 2.60% | $217.09 | +1.38% | -4.08% | -4.53% |
| ALAB | ASTERA LABS INC | 2.58% | $286.58 | +0.27% | -11.58% | -15.89% |
| DIOD | DIODES INC | 2.50% | $84.77 | +2.32% | -6.46% | -6.57% |
| MTSI | MACOM TECHNOLOGY SOLUTIONS H | 2.49% | $265.79 | +1.35% | -13.24% | -4.77% |
| AVGO | BROADCOM INC | 2.45% | $334.59 | +1.78% | -5.68% | -7.74% |
| LSCC | LATTICE SEMICONDUCTOR CORP | 2.44% | $108.73 | +4.90% | -11.49% | -7.26% |
| AMBA | AMBARELLA INC | 2.43% | $62.76 | +1.72% | -3.16% | -8.85% |
| POWI | POWER INTEGRATIONS INC | 2.43% | $45.46 | +2.16% | -3.50% | -8.18% |
| ALGM | ALLEGRO MICROSYSTEMS INC | 2.39% | $33.17 | +4.90% | -1.83% | -6.56% |
| MU | MICRON TECHNOLOGY INC | 2.32% | $904.9 | +2.97% | -8.51% | -13.32% |
| FSLR | FIRST SOLAR INC | 2.31% | $171.8 | -0.49% | -4.41% | -14.03% |
| INTC | INTEL CORP | 2.30% | $92.03 | +2.43% | -9.20% | -24.43% |
| SMTC | SEMTECH CORP | 2.26% | $142.22 | +4.02% | -15.49% | -19.82% |
| IONQ | IONQ INC | 2.23% | $30.78 | -1.60% | -15.14% | -24.02% |
| SITM | SITIME CORP | 2.17% | $495.75 | +5.00% | -13.04% | -22.34% |
| RGTI | RIGETTI COMPUTING INC | 2.10% | $11.67 | -1.10% | -11.92% | -29.40% |
| NVTS | NAVITAS SEMICONDUCTOR CORP | 1.95% | $8.63 | +3.48% | -13.61% | -29.03% |
| CBRS | CEREBRAS SYSTEMS INC A | 1.76% | $120.66 | -5.15% | -17.71% | -42.13% |
| AMBQ | AMBIQ MICRO INC | 0.99% | $49.62 | -0.52% | -10.51% | -30.20% |
| WOLF | WOLFSPEED INC | 0.80% | $24.14 | +3.96% | -13.88% | -12.88% |
| CEVA | CEVA INC | 0.74% | $28.78 | +4.65% | -9.35% | -10.76% |
| KOPN | KOPIN CORP | 0.63% | $3.56 | +8.05% | -13.92% | -26.70% |
| AOSL | ALPHA + OMEGA SEMICONDUCTOR | 0.52% | $22.6 | +3.91% | -14.97% | -13.97% |
| TE | T1 ENERGY INC | 0.51% | $2.54 | -3.05% | -20.87% | -42.92% |
| NVEC | NVE CORP | 0.48% | $100.58 | +1.46% | -8.74% | -3.23% |
| INDI | INDIE SEMICONDUCTOR INC A | 0.44% | $1.87 | +2.75% | -19.57% | -41.74% |
| MRAM | EVERSPIN TECHNOLOGIES INC | 0.26% | $13.42 | +3.07% | -12.17% | -21.84% |