Zacks Investment ResearchT3·16h ago
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF
ETF 13.02 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.
XSHD
$13.02
—
Key stats
$13.02
- 52-Week Range
- $12.30 – $14.87
- YTD
- +0.85%
- IV Rank (30D)
- 34.43
- Straddle Price
- $0.65
- P/C Vol Ratio
- 0.05
- Open
- $13.01
- Day Range
- $13.01 – $13.13
- Volume
- 19,633
- Prev Close
- $13.04
About
Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) ETF
No description available.
- Exchange
- BATS
- Inception
- 2016-12-01
- Has Options
- Yes
- Homepage
- https://www.invesco.com/us/etfs
Fund profile
holdings as of Oct 24, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.30% prospectus, filed Dec 18, 2025
- Assets
- $64M shares × price, Oct 23, 2026
- Trailing yield
- 5.10% paid monthly
- Average daily volume
- $329K 30 sessions
- Holdings
- 58 top 10 are 31.3%
- Listed
- Dec 1, 2016 Cboe BZX
- Tracking difference
- -0.29 pts vs index, after fees, FY 2025
Cost63
Liquidity17
Scale30
Diversification74
Moves with. US large-cap stocks (18% of its variance, beta 0.70); Small caps over large (14% of its variance, beta 0.40); Value over growth (13% of its variance, beta 0.48); Long Treasuries (9% of its variance, beta 0.31). These factors explain 56% of its daily moves over the last year.
Stated objective. The Invesco S&P SmallCap High Dividend Low Volatility ETF (the Fund) seeks to track the investment results (before fees and expenses) of the S&P SmallCap 600 Low Volatility High Dividend Index (the Underlying Index). (from the fund's prospectus)
All 58 holdingsFlow historySimilar fundsOverlap toolAll High Dividend ETFs
Fund flows
through May 2026SEC filings- May 2026
- −$4.6M latest reported month
- Latest 3 months
- −$2.2M −3.1% of assets
- Latest 12 months
- −$339K −0.5% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | −$4.6M |
| Apr 2026 | +$543K |
| Mar 2026 | +$1.8M |
| Feb 2026 | +$689K |
| Jan 2026 | +$259K |
| Dec 2025 | −$128K |
| Nov 2025 | −$1.1M |
| Oct 2025 | +$262K |
| Sep 2025 | −$216K |
| Aug 2025 | −$547K |
| Jul 2025 | +$2.0M |
| Jun 2025 | +$673K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 81 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SMDVProShares S&P SmallCap 600 Dividend Aristocrats ETF | 21% | 0.40% | $664M | +11.1% | compare |
| XSLVInvesco S&P SmallCap Low Volatility ETF | 19% | 0.25% | $237M | +9.4% | compare |
| RIETHoya Capital High Dividend Yield ETF | 19% | 0.50% | $98M | −12.7% | compare |
| SIXSETC 6 Meridian Small Cap Equity ETF | 18% | 0.50% | $143M | +15.3% | compare |
| KBWYInvesco KBW Premium Yield Equity REIT ETF | 16% | 0.35% | $284M | +5.6% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 24, 2026issuer data- Holdings vs fair value
- +27.0% 70% under, 8% over · 100% covered
- Price / earnings
- 22.6 16% loss-making · 98% covered
- Price / book · sales
- 1.0 · 1.1 revenue growth +6.5%
- Above 200-day average
- 31% 44% above 50-day · by weight
- Short interest
- 9.5% of float, weighted · 5.4 days to cover
- Insider buying
- 19% of weight had net insider buying, 90 days; 36% net selling
- 13F holders
- +4.2% change in shares held by institutions, latest quarter
- Reporting earnings
- 37.5% of weight in 7 days; 78.6% in 14
Holdings reporting in the next 14 days · weighted implied move this week 3.66%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | AHRTAH Realty Trust, Inc. | 2.21% | — | — |
| Exit | KREFKKR Real Estate Finance Trust Inc. | 1.95% | — | — |
| Exit | SXCSunCoke Energy, Inc. | 1.38% | — | — |
| Exit | TGNATEGNA Inc. | 0.83% | — | — |
| Exit | SEESealed Air Corp. | 0.57% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 1.1%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 6 active of 41 with agreements; top 3 did 76%
- Created · redeemed
- $42M · $945K over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- 24.60% of assets on loan on average; earned 7.7 bp
- Return vs index
- -0.29 pts after fees; -0.00 before; daily s.d. 0.52
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 2026-10-24
Holdings
59
AUM
$64.2M
Provider
Invesco
Inception
2016-12-01
Exchange
BATS
Data As Of
2026-10-24
Expense Ratio
0.30%
Dividend Yield
5.11%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-19 | 2026-10-23 | $0.0502 | CD |
| 2026-09-21 | 2026-09-25 | $0.0498 | CD |
| 2026-08-24 | 2026-08-28 | $0.0486 | CD |
| 2026-07-20 | 2026-07-24 | $0.0487 | CD |
| 2026-06-22 | 2026-06-26 | $0.0516 | CD |
| 2026-05-18 | 2026-05-22 | $0.0561 | CD |
Asset Allocation
Top Holdings
top 50 of 59 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| RITM | Rithm Capital Corp | 3.91% | Equity (US) | US |
| CAG | Conagra Brands Inc | 3.72% | Equity (US) | US |
| EFC | Ellington Financial Inc | 3.27% | Equity (US) | US |
| IIPR | Innovative Industrial Properties Inc | 3.23% | Equity (US) | US |
| MRP | Millrose Properties Inc | 3.09% | Equity (US) | US |
| ARR | ARMOUR Residential REIT Inc | 2.97% | Equity (US) | US |
| KNTK | Kinetik Holdings Inc | 2.90% | Equity (US) | US |
| WU | Western Union Co/The | 2.78% | Equity (US) | US |
| FLO | Flowers Foods Inc | 2.76% | Equity (US) | US |
| CPB | Campbell's Company/The | 2.71% | Equity (US) | US |
| GNL | Global Net Lease Inc | 2.69% | Equity (US) | US |
| PMT | PennyMac Mortgage Investment Trust | 2.65% | Equity (US) | US |
| DEA | Easterly Government Properties Inc | 2.62% | Equity (US) | US |
| HIW | Highwoods Properties Inc | 2.51% | Equity (US) | US |
| LTC | LTC Properties Inc | 2.48% | Equity (US) | US |
| NE | Noble Corp PLC | 2.38% | Equity (US) | US |
| BXMT | Blackstone Mortgage Trust Inc | 2.35% | Equity (US) | US |
| DEI | Douglas Emmett Inc | 2.19% | Equity (US) | US |
| BFS | Saul Centers Inc | 2.13% | Equity (US) | US |
| CWEN | Clearway Energy Inc | 1.99% | Equity (US) | US |
| JJSF | J & J Snack Foods Corp | 1.90% | Equity (US) | US |
| UVV | Universal Corp/VA | 1.90% | Equity (US) | US |
| EMN | Eastman Chemical Co | 1.89% | Equity (US) | US |
| DMC | Del Monte Corp | 1.78% | Equity (US) | US |
| AVA | Avista Corp | 1.73% | Equity (US) | US |
| CALM | Cal-Maine Foods Inc | 1.71% | Equity (US) | US |
| MPT | Medical Properties Trust Inc | 1.71% | Equity (US) | US |
| SLVM | Sylvamo Corp | 1.65% | Equity (US) | US |
| HNI | HNI Corp | 1.58% | Equity (US) | US |
| NWN | Northwest Natural Holding Co | 1.56% | Equity (US) | US |
| BKE | Buckle Inc/The | 1.45% | Equity (US) | US |
| LPG | Dorian LPG Ltd | 1.42% | Equity (Foreign) | MH |
| UTL | Unitil Corp | 1.41% | Equity (US) | US |
| ADT | ADT Inc | 1.36% | Equity (US) | US |
| WLY | John Wiley & Sons Inc | 1.29% | Equity (US) | US |
| USPH | US Physical Therapy Inc | 1.27% | Equity (US) | US |
| LKQ | LKQ Corp | 1.27% | Equity (US) | US |
| KFY | Korn Ferry | 1.25% | Equity (US) | US |
| CRC | California Resources Corp | 1.24% | Equity (US) | US |
| SCL | Stepan Co | 1.23% | Equity (US) | US |
| REYN | Reynolds Consumer Products Inc | 1.22% | Equity (US) | US |
| HTO | H2O America | 1.05% | Equity (US) | US |
| TRN | Trinity Industries Inc | 1.03% | Equity (US) | US |
| IOSP | Innospec Inc | 1.02% | Equity (US) | US |
| MSEX | Middlesex Water Co | 1.01% | Equity (US) | US |
| MTCH | Match Group Inc | 0.99% | Equity (US) | US |
| CWT | California Water Service Group | 0.99% | Equity (US) | US |
| MDU | MDU Resources Group Inc | 0.97% | Equity (US) | US |
| AWR | American States Water Co | 0.96% | Equity (US) | US |
| OTTR | Otter Tail Corp | 0.96% | Equity (US) | US |
Non-Equity Breakdown
Invesco S&P SmallCap High Dividend Low Volatility ETF ·
NPORT-P period 2026-05-31
(filed 2026-07-28)
Net assets:
$72M
· 57 total positions
· equity 99.68%
· non-equity 15.60%
Non-equity holdings
— 2 positions,
15.60% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 15.60% | $11.3M | 2 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.32% | -4.36% | 10.43% | -6.42% | -0.34% | 5.13% | 1.13% |
| Feb | 7.08% | -2.43% | -7.62% | -4.24% | 0.21% | -0.29% | -1.22% |
| Mar | 1.98% | 4.92% | -7.96% | 2.39% | -2.05% | -3.58% | -0.72% |
| Apr | 0.11% | -9.43% | -2.98% | -5.65% | -5.82% | 4.94% | -3.14% |
| May | 0.22% | 5.12% | -6.88% | 2.49% | 0.61% | -2.09% | -0.09% |
| Jun | -2.49% | -6.90% | 6.92% | -3.38% | 2.62% | 4.28% | 0.17% |
| Jul | -3.37% | 2.72% | 1.40% | 11.93% | -4.61% | -0.42% | 1.27% |
| Aug | 1.63% | -9.08% | -2.98% | -0.19% | 6.74% | -0.43% | -0.72% |
| Sep | -4.96% | -14.49% | -7.00% | 0.06% | -1.54% | -9.12% | -6.17% |
| Oct | 0.41% | 11.03% | -5.14% | -3.55% | -5.72% | 1.56%* | -0.23% |
| Nov | -7.27% | 2.55% | 7.22% | 7.13% | 1.90% | -- | 2.31% |
| Dec | 6.93% | -7.23% | 6.67% | -7.21% | -0.23% | -- | -0.21% |
| Total | 1.58% | -26.79% | -9.97% | -8.12% | -8.60% | -0.90% | -8.80% |
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: $12.85
SMA 50: $13.50
SMA 200: $13.65
Current: $13.02
EMA 12: $12.90
EMA 26: $13.05
MACD: -0.1424 | Signal: 0.0704
BEARISH
ADX (14): 46.48
STRONG TREND
+DI: 22.56
−DI: 32.04
Momentum Oscillators
RSI (14): 48.55
NEUTRAL
Stoch %K: 91.45
Stoch %D: 72.57
Williams %R: -19.64
Volume & Volatility
BB Upper: $13.09
BB Lower: $12.62
NEUTRAL
OBV: -1,289,028
Vol SMA 20: 26,092
Vol ROC: -1.71%
ATR: $0.18
True Range: $0.12
HV 20: 18.0%
HV 30: 16.2%
HV 60: 13.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Strong momentum signals from technical indicators, including a bullish MACD crossover
- Low volatility compared to market, indicating potential for low-risk trading opportunities
Primary Risks:
- News sentiment may impact the stock's performance if investors become more cautious or optimistic about the company's prospects
- Options market pricing suggests a potentially high-volatility event in the near term, which could affect the stock's price
Investment Thesis: XSHD presents an attractive opportunity for traders seeking to capitalize on its low volatility and strong momentum signals. However, investors should exercise caution and monitor news sentiment and options activity closely.
Recent News Sentiment Impact: The recent news headlines have been generally neutral or positive, with no significant events that would significantly impact the stock's price in the short term.
Technical Analysis
Trend Direction:
- Short-term: Bullish
- Medium-term: Range-bound (ADX/DMI regime)
- Long-term: Uptrend (SMA 200 above SMA 50)
Support/Resistance Levels:
- Lower band: $13.40
- Middle line: $13.66
- Upper band: $13.92
Momentum Signals:
- RSI interpretation: Neutral (57.00)
- MACD signal: Bullish (crossover above signal line)
- Bollinger Bands position: Squeeze (price near middle line)
Volume Analysis: Volume has been trending upwards, indicating increasing institutional interest and potential for continued price appreciation.
News & Sentiment Analysis
Recent Headlines Summary:
- Three neutral or positive news articles, with no significant events that would impact the stock's price in the short term
- One negative article from April, which could be a catalyst if investors become more cautious about the company's prospects
Sentiment Assessment: The overall sentiment is NEUTRAL, reflecting the mixed nature of recent headlines and the lack of significant market-moving events.
Catalyst Identification: No imminent catalysts are identified in the recent news articles. However, the options market pricing suggests a potentially high-volatility event in the near term, which could affect the stock's price.
Market Narrative: The technical signals are strong and indicate an uptrend, while the news sentiment is generally neutral or positive. This presents an attractive opportunity for traders seeking to capitalize on XSHD's low volatility and momentum.
Risk & Volatility Assessment
Risk Metrics:
- Beta: 0.52 (low risk relative to market)
- Alpha: -0.07
- Correlation: 0.43
- Stock Volatility: 0.15 (low)
Options Market Signals:
- IV Rank: 25.2% (medium)
- Current IV: 60.0%
- Expected Move: $1.18 (23 DTE), 7-DTE: $1.18
- Volume Flow: 7 calls vs 0 puts
- Open Interest: 4 calls vs 0 puts
Downside Protection: The support levels from the Bollinger Bands and moving averages suggest a potential floor at $13.40.
Market Context & Positioning
Sector Performance: XSHD's performance is consistent with its sector, which has been trending upwards in recent months.
Institutional Activity: Volume patterns suggest increasing institutional interest, indicating potential for continued price appreciation.
Correlation Analysis: The stock moves relatively closely to the market (R-squared interpretation), suggesting a low-risk trading opportunity.
Relative Valuation: XSHD is positioned within its trading range, with no significant valuation anomalies that would indicate an overbought or oversold condition.
Key Levels & Action Items
Critical Price Levels:
- Support: $13.40
- Resistance: $13.92
Breakout/Breakdown Levels:
- Breakout above $13.92 could trigger a strong uptrend
- Breakdown below $13.40 could indicate a reversal
Time-Sensitive Catalysts: No imminent catalysts are identified in the recent news articles.
Risk Management: Stop-loss levels and position sizing considerations should be based on the technical analysis and risk metrics presented above.
Note: This report provides an objective analysis of XSHD's stock performance, highlighting both bullish and bearish cases. The assessment is based on specific data and signal clarity, with no buy/sell advice provided.
Generated
News
All XSHD news →
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Showing 1–10 of 50
Page 1 of 5
XSHD Options Activity & IV Rank
XSHD IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 30.2%
7-DTE IV: —
Expected Move: $0.65
7-DTE Move: $0.65
Days to Exp: 25 (2026-11-20)
Options Flow
Call Volume: 62
Put Volume: 3
P/C Volume: 0.048
BULLISH
Call OI: 10
Put OI: 3
P/C OI: 0.3
Total OI: 13
ATM Options Pricing
ATM Call: $0.17
ATM Put: $0.47
Call %: 1.3%
Put %: 3.6%
Chain Summary
Chain Volume: 71
Chain OI: 20
Last Updated: 10/26/2026
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 77th 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
77%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+0.63
δ-sensitivity to IV
Charm tilt
-0.91
δ-decay vs time
Vanna tilt +0.63: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.91: the estimated dealer exposure leans negative, 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 26 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · ATM 37.2% / 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)34.4MediumOct 26
Straddle Price (30 DTE)$0.65Oct 26
Beta Analysis
Risk Metrics
Beta: 0.3434
Alpha: -5.02%
Correlation: 0.2973
R-Squared: 8.8%
Stock Volatility: 14.7%
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
XSHD Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 454,425,000 (as of 2026-06-30)
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.
| # | 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
34.07K
SI % of Float
0.69%
Days to Cover
1.37
Short Vol Ratio
2.9%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-26
XSHD Constituent Performance
Click any bar to view the full quote for that stock.
XSHD Constituents (56 of 56)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| RITM | Rithm Capital Corp | 3.91% | $9.22 | -1.81% | +9.24% | +1.54% |
| CAG | Conagra Brands Inc | 3.72% | $14.58 | -1.88% | +3.92% | +2.97% |
| EFC | Ellington Financial Inc | 3.27% | $11.71 | -0.17% | +3.17% | -4.02% |
| IIPR | Innovative Industrial Properties Inc | 3.23% | $53.68 | -0.98% | +4.01% | -2.77% |
| MRP | Millrose Properties Inc | 3.09% | $23.91 | +0.21% | +8.78% | -9.23% |
| ARR | ARMOUR Residential REIT Inc | 2.97% | $12.68 | -1.55% | +3.26% | -9.30% |
| KNTK | Kinetik Holdings Inc | 2.90% | $55.97 | +0.48% | +2.42% | +9.30% |
| WU | Western Union Co/The | 2.78% | $6.21 | -2.05% | +0.81% | +1.47% |
| FLO | Flowers Foods Inc | 2.76% | $6.14 | -0.16% | +2.68% | +8.67% |
| CPB | Campbell's Company/The | 2.71% | $20.63 | -0.48% | +6.61% | +2.94% |
| GNL | Global Net Lease Inc | 2.69% | $7.14 | -0.83% | -2.46% | -15.90% |
| PMT | PennyMac Mortgage Investment Trust | 2.65% | $7.06 | +0.28% | +4.59% | -12.52% |
| DEA | Easterly Government Properties Inc | 2.62% | $23.16 | +2.16% | +7.87% | +1.67% |
| HIW | Highwoods Properties Inc | 2.51% | $30.38 | -0.43% | +6.52% | +3.30% |
| LTC | LTC Properties Inc | 2.48% | $43.96 | +0.48% | +3.88% | +2.02% |
| NE | Noble Corp PLC | 2.38% | $47.81 | +0.23% | +8.56% | +12.20% |
| BXMT | Blackstone Mortgage Trust Inc | 2.35% | $10.62 | +0.19% | +3.61% | -14.42% |
| DEI | Douglas Emmett Inc | 2.19% | $10.17 | +0.00% | +7.51% | +5.17% |
| BFS | Saul Centers Inc | 2.13% | $29.32 | -0.10% | +1.14% | -2.95% |
| CWEN | Clearway Energy Inc | 1.99% | $31.41 | +0.96% | +6.29% | +7.53% |
| JJSF | J & J Snack Foods Corp | 1.90% | $83.02 | -0.78% | +4.68% | +6.78% |
| UVV | Universal Corp/VA | 1.90% | $38.96 | -0.84% | -1.52% | -6.95% |
| EMN | Eastman Chemical Co | 1.89% | $65.73 | +1.23% | +5.20% | -1.11% |
| DMC | Del Monte Corp | 1.78% | $29.1 | -1.39% | -1.19% | -5.09% |
| AVA | Avista Corp | 1.73% | $37.23 | -1.22% | +3.07% | +7.01% |
| CALM | Cal-Maine Foods Inc | 1.71% | $62.32 | -0.45% | +0.45% | -7.48% |
| MPT | Medical Properties Trust Inc | 1.71% | $2.8 | +3.70% | -1.75% | -20.00% |
| SLVM | Sylvamo Corp | 1.65% | $32.62 | +0.25% | +3.75% | -6.75% |
| HNI | HNI Corp | 1.58% | $47.7 | +0.27% | +3.52% | +1.79% |
| NWN | Northwest Natural Holding Co | 1.56% | $49.92 | +0.10% | +4.09% | +6.67% |
| BKE | Buckle Inc/The | 1.45% | $46.58 | +0.09% | -0.79% | +8.15% |
| LPG | Dorian LPG Ltd | 1.42% | $55.18 | +2.07% | +5.10% | +1.51% |
| UTL | Unitil Corp | 1.41% | $55.27 | +0.22% | +4.34% | +9.77% |
| ADT | ADT Inc | 1.36% | $6.88 | -0.29% | +2.69% | +11.15% |
| WLY | John Wiley & Sons Inc | 1.29% | $53.63 | -0.52% | +3.57% | +12.64% |
| USPH | US Physical Therapy Inc | 1.27% | $88.65 | +0.14% | +5.65% | +2.97% |
| LKQ | LKQ Corp | 1.27% | $17.25 | -0.98% | -19.84% | -25.71% |
| KFY | Korn Ferry | 1.25% | $78.85 | +0.70% | +9.68% | +10.57% |
| CRC | California Resources Corp | 1.24% | $54.75 | +0.40% | +0.68% | +5.61% |
| SCL | Stepan Co | 1.23% | $64.77 | +1.35% | +3.78% | +1.33% |
| REYN | Reynolds Consumer Products Inc | 1.22% | $23.01 | -0.04% | +1.81% | +4.21% |
| HTO | H2O America | 1.05% | $58.48 | -0.71% | +4.65% | -4.71% |
| TRN | Trinity Industries Inc | 1.03% | $25.76 | +0.86% | +3.58% | -6.67% |
| IOSP | Innospec Inc | 1.02% | $99.18 | +0.55% | +1.21% | +1.33% |
| MSEX | Middlesex Water Co | 1.01% | $56.19 | +0.29% | +5.50% | +7.13% |
| MTCH | Match Group Inc | 0.99% | $45.21 | -1.14% | +1.07% | +14.43% |
| CWT | California Water Service Group | 0.99% | $47.76 | -0.58% | +4.78% | +4.60% |
| MDU | MDU Resources Group Inc | 0.97% | $19.39 | +0.88% | +2.59% | +4.64% |
| AWR | American States Water Co | 0.96% | $85.22 | -0.26% | +4.41% | +4.76% |
| OTTR | Otter Tail Corp | 0.96% | $90.07 | -0.46% | +1.35% | +1.76% |