LEAN BEARISH
Whales showing caution on ETN. Distribution signals outweigh accumulation. Insiders are net buyers (60,169 shares bought vs 35,229 sold) — bullish conviction from management. Strong institutional ownership at 88.0% with 4 of 10 top holders actively accumulating this quarter.
Action Plan
- Avoid new long positions until whale activity shifts
- Consider trimming if position size is large
- Set alerts for insider buying or SI decrease as reversal signals
📈 Options Flow 期权异动
Unusual options volume vs open interest. High volume/OI ratio signals whale positioning. Put/Call ratio indicates directional bias.
PUT / CALL RATIO
0 (Bullish)1.02.0+ (Bearish)
5.83
BEARISH
High Volume Contracts — Vol > 500 (3 contracts)
PUT$3402026-06-184,001
PUT$3452026-07-022,451
PUT$3452026-06-121,254
- Put/Call volume ratio: 5.83 (bearish)
- Total options volume: 10,709 (calls 1,569 / puts 9,140)
👤 Insider Trading 内部交易
SEC Form 4 filings — officer and director buys/sells in the last 90 days. Net buying is a strong bullish signal.
Recent Insider Transactions (1 buys / 5 sells / 0 grants)
SELLTHOMPSON DOROTHY C.1672026-05-22
SELLGALVAO ANTONIO4942026-05-13
BUYJOHNSON GERALD9612026-05-11
SELLMONESMITH HEATH B18,3672026-05-06
SELLDENK PETER2,0002026-05-06
SELLYELTON MICHAEL3,4942026-03-02
- Insider buying: 60,169 shares
- Insider selling: 35,229 shares
- 18 Form 4 filings in last 90 days
- Net insider BUYING — bullish signal
🏦 Smart Money Flow 机构资金流向
Quarter-over-quarter position changes from 13F filings. Shows whether institutional investors are accumulating (buying more) or distributing (selling) — the strongest signal of whale conviction.
INSTITUTIONAL OWNERSHIP
88.0%
ACCUMULATION vs DISTRIBUTION
40% ACCUMULATING
60% DISTRIBUTING
NET SHARES FLOW
+24,105,545
Institutional Position Changes (QoQ)
★ NEW POSITIONVanguard Capital Management LLC6.50%NEW+12,623,058
★ NEW POSITIONVanguard Portfolio Management LLC2.37%NEW+4,592,796
★ NEW POSITIONWellington Management Group, LLP1.47%NEW+3,870,625
▲ ADDINGJPMORGAN CHASE & CO4.97%+6.2%+1,121,659
▬ HOLDBlackrock Inc.7.87%+3.9%+1,149,337
▬ HOLDBank of America Corporation3.11%+4.9%+564,412
▬ HOLDMorgan Stanley3.38%+2.6%+334,753
▬ HOLDGeode Capital Management, LLC2.28%+2.3%+195,645
▬ HOLDState Street Corporation4.37%+0.7%+116,337
▼ TRIMMINGFMR, LLC2.17%-5.2%-463,077
ETF & Mutual Fund Flow (0 adding / 0 selling)
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Total Stock Mar+1.0%+125,743
▬ HOLDVANGUARD INDEX FUNDS-Vanguard 500 Index Fund+0.8%+76,396
▬ HOLDiShares Trust-iShares Core S&P 500 ETF+0.6%+28,970
▬ HOLDFidelity Concord Street Trust-Fidelity 500 In+0.3%+17,359
▬ HOLDSPDR S&P 500 ETF TRUST-State Street SPDR S&P +2.5%+115,543
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Value Index Fun+0.5%+18,228
▬ HOLDJPMorgan Trust II-JPMorgan Equity Income Fund-0.6%-16,070
▬ HOLDSELECT SECTOR SPDR TRT-State Street Industria-0.5%-10,676
▬ HOLDVANGUARD INSTITUTIONAL INDEX FUNDS-Vanguard I-1.8%-39,234
▬ HOLDVANGUARD SPECIALIZED FUNDS-Vanguard Dividend +1.1%+22,999
- Institutional ownership: 88.0%
- Smart money flow: 4 adding / 1 selling / 5 hold
- Net shares added by institutions: +24,105,545
- Biggest mover: Vanguard Capital Management LLC added 12,623,058 shares (+100.0%)
🕶 Short Interest & Dark Pool 做空 & 暗池
Short interest as % of float and days-to-cover. Rising SI = bearish pressure. High SI + decreasing = shorts covering (bullish). Squeeze risk rated by SI level.
SHORT INTEREST (% OF FLOAT)
0%10%20%30%+
- Short interest: 2.4% of float
- Days to cover: 3.2
- Short interest MoM: ↑ 15.8%
- Squeeze risk: MINIMAL