ZTOP F/m High Yield 100 ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. 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.
F/m High Yield 100 ETF (ZTOP) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2025-04-14
- Has Options
- No
- Expense ratio
- 0.39% prospectus, filed Jan 5, 2026
- Assets
- $17M SEC filing, May 31, 2026
- Trailing yield
- 6.46% paid monthly
- Average daily volume
- $54K 30 sessions
- Holdings
- 103 top 10 are 10.1%
- Listed
- Apr 14, 2025 Nasdaq
Moves with. US large-cap stocks (32% of its variance, beta 0.14); Long Treasuries (18% of its variance, beta 0.16); Small caps over large (5% of its variance, beta 0.05). These factors explain 62% of its daily moves over the last year.
Stated objective. The investment objective of the F/m High Yield 100 ETF (the F/m High Yield 100 Fund or the Fund) is to seek investment results, that correspond (before fees and expenses) generally to the price and yield performance of the Bloomberg U.S. High Yield Top 100 Quality Select Equal Weighted Index (I39255US). (from the fund's prospectus)
All 103 holdingsFlow historyOverlap toolAll High Yield Bond ETFs
- May 2026
- +$1.0M latest reported month
- Latest 3 months
- −$1.0M −6.3% of assets
- Latest 12 months
- +$10M +61.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$1.0M |
| Apr 2026 | −$520K |
| Mar 2026 | −$1.6M |
| Feb 2026 | +$1.0M |
| Jan 2026 | −$2.6M |
| Dec 2025 | $0 |
| Nov 2025 | +$1.0M |
| Oct 2025 | −$1K |
| Sep 2025 | −$1K |
| Aug 2025 | −$2.6M |
| Jul 2025 | +$1.0M |
| Jun 2025 | +$13M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 14 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| USHYiShares Broad USD High Yield Corporate Bond ETF | — | 0.08% | $25.8B | −5.5% | compare |
| HYGiShares iBoxx $ High Yield Corporate Bond ETF | — | 0.49% | $16.5B | −4.8% | compare |
| SPHYState Street SPDR Portfolio High Yield Bond ETF | — | 0.05% | $11.7B | −5.6% | compare |
| SHYGiShares 0-5 Year High Yield Corporate Bond ETF | — | 0.30% | $7.6B | −4.7% | compare |
| JNKState Street SPDR Bloomberg High Yield Bond ETF | — | 0.40% | $5.5B | −5.2% | compare |
The largest other funds in the High Yield Bond category.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-16 | 2026-10-19 | $0.2749 | CD |
| 2026-09-16 | 2026-09-17 | $0.2534 | CD |
| 2026-08-18 | 2026-08-19 | $0.2512 | CD |
| 2026-07-16 | 2026-07-17 | $0.2576 | CD |
| 2026-06-16 | 2026-06-17 | $0.2700 | CD |
| 2026-05-18 | 2026-05-19 | $0.2800 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Mount Vernon Liquid Assets Portfolio, LLC | 4.06% | Short-term investment | US |
| — | COREWEAVE INC | 1.03% | Debt | US |
| — | TALLGRASS NRG PRTNR/FIN | 1.01% | Debt | US |
| — | PG&E CORP | 1.01% | Debt | US |
| — | CLEVELAND-CLIFFS INC | 1.01% | Debt | US |
| — | ASURION LLC/ASURION CO | 1.01% | Debt | US |
| — | ALLIED UNIVERSAL HOLDCO | 1.01% | Debt | US |
| — | WYNN MACAU LTD | 1.01% | Debt | KY |
| — | MAUSER PACKAGING SOLUT | 1.01% | Debt | US |
| — | HERC HOLDINGS INC | 1.01% | Debt | US |
| — | XPLR INFRAST OPERATING | 1.00% | Debt | US |
| — | ADVANCE AUTO PARTS | 1.00% | Debt | US |
| — | UNITI SERVICES LLC | 1.00% | Debt | US |
| — | AVIS BUDGET CAR/FINANCE | 1.00% | Debt | US |
| — | JANE STREET GRP/JSG FIN | 1.00% | Debt | US |
| — | OLYMPUS WTR US HLDG CORP | 1.00% | Debt | US |
| — | MERIDIAN ARC HOLDCO LLC | 1.00% | Debt | US |
| — | LEVEL 3 FINANCING INC | 1.00% | Debt | US |
| — | NISSAN MOTOR CO | 1.00% | Debt | JP |
| — | DAVITA INC | 1.00% | Debt | US |
| — | SUNOCO LP | 0.99% | Debt | US |
| — | BALL CORP | 0.99% | Debt | US |
| — | CHS/COMMUNITY HEALTH SYS | 0.99% | Debt | US |
| — | SV RNO PROPERTY OWNER 1 | 0.99% | Debt | US |
| — | TENET HEALTHCARE CORP | 0.99% | Debt | US |
| — | MELCO RESORTS FINANCE | 0.99% | Debt | KY |
| — | MPT OPER PARTNERSP/FINL | 0.99% | Debt | US |
| — | VENTURE GLOBAL CALCASIEU | 0.99% | Debt | US |
| — | NOVELIS CORP | 0.99% | Debt | US |
| — | HUB INTERNATIONAL LTD | 0.99% | Debt | US |
| — | SIX FLAGS ENT/SIX FLAG | 0.99% | Debt | US |
| — | ORGANON & CO/ORGANON FOR | 0.99% | Debt | US |
| — | DIRECTV FIN LLC/COINC | 0.99% | Debt | US |
| — | GRAY MEDIA INC | 0.99% | Debt | US |
| — | PENNYMAC FIN SVCS INC | 0.99% | Debt | US |
| — | TRANSDIGM INC | 0.99% | Debt | US |
| — | LIFEPOINT HEALTH INC | 0.99% | Debt | US |
| — | NCL CORPORATION LTD | 0.99% | Debt | BM |
| — | MINERAL RESOURCES LTD | 0.99% | Debt | AU |
| — | BLOCK INC | 0.99% | Debt | US |
| — | IQVIA INC | 0.99% | Debt | US |
| — | RAKUTEN GROUP INC | 0.99% | Debt | JP |
| — | CRESCENT ENERGY FINANCE | 0.99% | Debt | US |
| — | BAUSCH HEALTH COS INC | 0.99% | Debt | CA |
| — | VENTURE GLOBAL LNG INC | 0.99% | Debt | US |
| — | OAK-EAGLE ACQUIRECO INC | 0.99% | Debt | US |
| — | ZF NA CAPITAL | 0.99% | Debt | US |
| — | IRON MOUNTAIN INC | 0.99% | Debt | US |
| — | ONEMAIN FINANCE CORP | 0.98% | Debt | US |
| — | DISCOVERY COMMUNICATIONS | 0.98% | Debt | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 97.90% | $16.2M | 100 |
| Short-term investment | 4.22% | $699707 | 2 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 0.40% | 0.40% |
| Feb | -- | -0.32% | -0.32% |
| Mar | -- | -1.45% | -1.45% |
| Apr | 1.40% | 0.80% | 1.10% |
| May | 0.81% | -0.17% | 0.32% |
| Jun | 1.17% | -0.43% | 0.37% |
| Jul | -0.31% | -0.67% | -0.49% |
| Aug | 0.45% | 0.15% | 0.30% |
| Sep | 0.61% | -2.88% | -1.14% |
| Oct | -0.67% | -0.40%* | -0.54% |
| Nov | 0.39% | -- | 0.39% |
| Dec | 0.15% | -- | 0.15% |
| Total | 4.05% | -4.91% | -0.43% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Trend direction: Sideways to mildly bearish short-term, neutral medium-term
- Support/resistance levels: $51.20 - $51.76 range-bound
- Momentum signals:
- RSI neutral at 46.26
- MACD bearish with a histogram value of -0.03
Primary Risks:
- Technical breakdown below $51.20 support level
- Bearish momentum persistence could trigger further declines
Recent News Sentiment Impact: No recent news headlines available, so no sentiment impact assessment is possible.
Technical Analysis
Trend Direction
- Short-term (1-4 weeks): Sideways to mildly bearish
- Medium-term (1-3 months): Neutral
- Long-term (3-12 months): Bullish
Support/Resistance Levels
- Key price levels:
- Lower Bollinger Band: $51.20
- Middle Bollinger Band: $51.48
- Upper Bollinger Band: $51.76
- Support/resistance from moving averages:
- SMA 20, 50, and 200 all converge around $51.48
Momentum Signals
- RSI (14): Neutral at 46.26
- MACD: Bearish with a histogram value of -0.03
- Bollinger Bands: Squeeze mode, indicating volatility contraction
Volume Analysis
- Volume SMA 20: 819.67
- On-Balance Volume (OBV): -93412.30 indicates net selling pressure
- Volume Rate of Change: -91.04% suggests declining volume trends
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available.
Sentiment Assessment: Neutral due to lack of recent news.
Catalyst Identification: None identified.
Market Narrative: The absence of recent news and the neutral sentiment suggest a lack of market-moving catalysts.
Risk & Volatility Assessment
Beta Interpretation: Low risk with a beta value of 0.20 (vs SPY).
Volatility Regime: Low volatility, as indicated by the stock's movement less than the market.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels at $51.20 and $51.48 provide some downside protection.
Market Context & Positioning
Sector Performance: Neutral compared to sector/market benchmarks.
Institutional Activity: Volume patterns suggest institutional interest is low.
Correlation Analysis: The stock's movement less than the market indicates a relatively defensive posture (R-squared interpretation).
Relative Valuation: The stock is trading within its historical range, indicating no clear value or growth opportunities.
Key Levels & Action Items
- Critical price levels:
- Support: $51.20
- Resistance: $51.76
- Breakout/breakdown levels:
- Upper Bollinger Band: $51.76 (breakout)
- Lower Bollinger Band: $51.20 (breakdown)
- Time-sensitive catalysts: None identified.
- Risk management: Set stop-loss levels around $50.60 and consider position sizing considerations.
This report provides a comprehensive analysis of ZTOP's technical indicators, news sentiment, risk, volatility, market context, and positioning. The neutral assessment is driven by the stock's sideways trading range, lack of recent news, and low volatility.
ZTOP Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
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.
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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 250
Period: 252 trading days
Low volatility - stock moves less than market
ZTOP Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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 |
|---|
| # | Filer | Notional Value | % of Total | Period |
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|