East West Ave Acquisition (EWAV)


Market Price (9/14/2026): $9.89 | Market Cap: $-Sector: Financials | Industry: Multi-Sector Holdings

East West Ave Acquisition (EWAV)


Market Price (9/14/2026): $9.89
Market Cap: $-
Sector: Financials
Industry: Multi-Sector Holdings

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Low stock price volatility
Vol 12M is 1.6%

Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -71%

Key risks
EWAV key risks include [1] the failure to complete a business combination, Show more.

0 Low stock price volatility
Vol 12M is 1.6%
1 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%
2 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -71%
3 Key risks
EWAV key risks include [1] the failure to complete a business combination, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 9/1/2026

East West Ave Acquisition (EWAV) stock has remained largely at the same level since it went public on 8/14/2026 because of the following key factors:

1. Value Floor Provided by Trust Account.

East West Ave Acquisition Corp. (EWAV) is a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) on August 3, 2026, pricing units at $10.00 each. A total of $100.5 million from the IPO and a concurrent private placement was deposited into a trust account. This trust value inherently acts as a strong price floor for the common stock, as shareholders typically have the option to redeem their shares at or near this initial $10.00 per share value, limiting significant downside risk and keeping the stock largely stable.

2. Absence of a Definitive Business Combination.

As a blank-check company, EWAV's primary objective is to effect a merger or similar business combination. Since its separate common stock trading commenced on August 14, 2026, the company has not yet identified or announced a definitive target business for acquisition. Without a prospective merger, there is no new fundamental information or speculative interest to drive significant price movements away from the inherent value of the trust account.

Show more
Updated on 9/1/2026

East West Ave Acquisition (EWAV) stock has remained largely at the same level since it went public on 8/14/2026 because of the following key factors:

1. Value Floor Provided by Trust Account.

East West Ave Acquisition Corp. (EWAV) is a Special Purpose Acquisition Company (SPAC) that completed its Initial Public Offering (IPO) on August 3, 2026, pricing units at $10.00 each. A total of $100.5 million from the IPO and a concurrent private placement was deposited into a trust account. This trust value inherently acts as a strong price floor for the common stock, as shareholders typically have the option to redeem their shares at or near this initial $10.00 per share value, limiting significant downside risk and keeping the stock largely stable.

2. Absence of a Definitive Business Combination.

As a blank-check company, EWAV's primary objective is to effect a merger or similar business combination. Since its separate common stock trading commenced on August 14, 2026, the company has not yet identified or announced a definitive target business for acquisition. Without a prospective merger, there is no new fundamental information or speculative interest to drive significant price movements away from the inherent value of the trust account.

3. Limited Trading History Post-Separation.

The stock has been publicly trading under the EWAV ticker for a very short duration, specifically since August 14, 2026, which is less than three weeks. This brief period typically offers insufficient time for substantial company-specific news, financial performance indicators, or other market catalysts to emerge and significantly impact investor sentiment or alter the stock's valuation beyond its initial IPO level.

4. Lack of Significant News Catalysts.

Since its IPO, East West Ave Acquisition Corp. has not released any material news that would typically cause a substantial shift in stock price, such as a definitive merger agreement, detailed analyst reports with price targets, or unforeseen operational developments. The absence of such impactful announcements contributes to the stock remaining largely at its initial trading level.

5. Cautious SPAC Market Sentiment.

While the broader SPAC market has experienced a "disciplined revival" in 2026, investor sentiment remains "selectively constructive," rather than exhibiting the speculative exuberance seen in prior boom cycles. Many de-SPAC companies from previous periods continue to trade below their $10 IPO price. This cautious environment generally leads to pre-deal SPACs like EWAV trading close to their trust value, as investors prioritize downside protection over speculative gains before a concrete deal is announced.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

5/31/2026 to 9/13/2026
ReturnCorrelation
EWAV  
Market (SPY)1.0%19.8%
Sector (XLF)11.0%12.9%

Fundamental Drivers

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Market Drivers

2/28/2026 to 9/13/2026
ReturnCorrelation
EWAV  
Market (SPY)11.7%19.8%
Sector (XLF)11.9%12.9%

Fundamental Drivers

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Market Drivers

8/31/2025 to 9/13/2026
ReturnCorrelation
EWAV  
Market (SPY)19.5%19.8%
Sector (XLF)7.3%12.9%

Fundamental Drivers

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Market Drivers

8/31/2023 to 9/13/2026
ReturnCorrelation
EWAV  
Market (SPY)75.7%19.8%
Sector (XLF)74.0%12.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
EWAV Return-----0%0%
Peers Return     -0%-0%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
EWAV Win Rate-----50% 
Peers Win Rate     20% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
EWAV Max Drawdown------ 
Peers Max Drawdown       
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AAC, AMAC, ATLQ, BRTM, EWAV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/11/2026 (YTD)

How Low Can It Go

EWAV has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2025 US Tariff Shock
  % Loss-15.5%-18.8%
  % Gain to Breakeven18.4%23.1%
  Time to Breakeven80 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.7%-9.5%
  % Gain to Breakeven12.0%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-16.1%-6.7%
  % Gain to Breakeven19.1%7.1%
  Time to Breakeven270 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.7%-19.2%
  % Gain to Breakeven24.5%23.8%
  Time to Breakeven123 days105 days

Compare to AAC, AMAC, ATLQ, BRTM, EWAV

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EWAV has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-21.4%-12.2%
  % Gain to Breakeven27.3%13.9%
  Time to Breakeven272 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.1%-17.9%
  % Gain to Breakeven35.3%21.8%
  Time to Breakeven162 days123 days
2008-2009 Global Financial Crisis
  % Loss-78.3%-53.4%
  % Gain to Breakeven359.8%114.4%
  Time to Breakeven2329 days1085 days

Compare to AAC, AMAC, ATLQ, BRTM, EWAV

In The Past

State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About East West Ave Acquisition (EWAV)

East West Ave Acquisition (EWAV) operates as a Special Purpose Acquisition Company (SPAC), commonly referred to as a blank check company. Its primary and singular business is to identify, acquire, and complete a business combination with one or more existing private operating companies. The ultimate goal of this combination is to take the acquired company public. EWAV does not currently have any active business operations, products, or services of its own.

The company specifically targets potential acquisition candidates within the financial technology, compute infrastructure, and energy solutions sectors, though it retains flexibility to consider opportunities in other industries if a compelling business is identified. EWAV's strategy centers on leveraging its management team's extensive network and experience to select a business that can significantly benefit from becoming a publicly listed entity, aiming to generate attractive risk-adjusted returns for investors.

Geographically, EWAV maintains a broad search, but it has a key exclusion: it will not undertake its initial business combination with any company based in, or having the majority of its operations in, China (including Hong Kong and Macau). The value for an investor in EWAV stems from the expectation that its management will successfully pinpoint and integrate a promising private company into the public market, utilizing their expertise and global connections to foster growth for the combined entity.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe East West Ave Acquisition (EWAV):

1. It's like a publicly traded professional sports team (e.g., the Dallas Cowboys) with a large budget, but instead of scouting for star athletes, its sole mission is to find and 'draft' one promising private company to bring into the big leagues as a public company.

2. Think of it like a publicly traded film studio (e.g., Warner Bros.) that has raised a lot of money for a single big-budget production, but instead of making a new movie, its entire purpose is to find an existing, critically acclaimed independent film (a private company) to acquire, brand as its own, and release to a wider, public audience.

AI Analysis | Feedback

  • Business Combination/Acquisition: East West Ave Acquisition's primary service is to identify and execute a merger, capital stock exchange, asset acquisition, stock purchase, or reorganization with one or more businesses, effectively taking a private company public.

AI Analysis | Feedback

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East West Ave Acquisition (EWAV) is a Special Purpose Acquisition Company (SPAC). As such, it is a blank check company formed for the purpose of effecting a business combination (such as a merger or acquisition) with one or more target businesses.

Therefore, EWAV does not have major customers in the traditional sense of selling products or services to other companies or individuals. Its primary objective is to identify and acquire a private company, which would become the operating business of the combined entity.

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Maoli (Molly) Huang, Chief Executive Officer, President & Director

Ms. Huang brings over two decades of experience in asset management, corporate finance, and investment banking. She previously served as Managing Director at Amber Capital Asia and spent a decade in senior executive roles at Seazen Group Holdings (SSE: 601155), including Head of Capital Markets and CEO of Seazen Asset Management Pte. Ltd. in Singapore. Earlier in her career, she was an Executive Director in Goldman Sachs's Investment Banking Division, where she led IPOs and capital raises in Greater China.

Thomas Kerkaert, CFO & Director

Mr. Kerkaert has over 20 years of senior finance and accounting leadership experience. He is currently the CFO of Double B Foods, Inc. Previously, he served as CFO of Riverbend Sandler Pools and Legacy Housing Corporation (NASDAQ: LEGH), where he was responsible for SEC reporting, investor relations, and the broader finance organization. He also held senior finance roles at Sandvik AB, including controller, director of finance, and vice president of finance.

Masahiro Honna, Independent Director

Mr. Honna possesses more than two decades of experience in M&A, IPO advisory, and investment management. Since 2009, he has been the Founder and Managing Director of KYGO Limited, an investment management and advisory firm based in Hong Kong. Prior to this, he spent nearly a decade at Goldman Sachs as an executive director in Tokyo and Beijing, focusing on IPO and M&A advisory matters.

AI Analysis | Feedback

The key risks to East West Ave Acquisition (EWAV), a blank check company, primarily stem from its nature as a Special Purpose Acquisition Company (SPAC) with no ongoing business operations of its own.

  1. Failure to complete an initial business combination: East West Ave Acquisition was formed solely to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. As a blank check company, it has not yet identified or engaged in substantive discussions with any specific business combination target. If the company fails to complete an initial business combination within the specified timeframe (initially until August 3, 2027, with a potential extension), it will be forced to liquidate and return the funds held in trust to its public shareholders, possibly at a loss for those who purchased shares above the IPO price.
  2. Lack of operating history and reliance on future acquisition: East West Ave Acquisition currently has no operating business, revenue, or established assets other than the cash raised from its initial public offering (IPO). Its financial success and long-term viability depend entirely on its ability to identify and successfully combine with one or more operating businesses. Until such a combination occurs, the company remains a speculative entity.
  3. Dependence on management's ability and potential conflicts of interest: The success of East West Ave Acquisition is highly dependent on the expertise, diligence, and judgment of its management team to identify, evaluate, and successfully complete a suitable business combination. There is a risk that management's incentives to complete a transaction within the allotted timeframe might lead to less rigorous due diligence or an acquisition that may not be in the best long-term interest of all shareholders.

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East West Ave Acquisition (EWAV) is a blank check company, meaning it currently has no operations or revenue-generating business. Its future revenue growth is entirely dependent on successfully identifying and acquiring a target company. Therefore, the expected drivers of future revenue growth over the next 2-3 years are intrinsically linked to its initial business combination:

  1. Successful Completion of an Initial Business Combination: The most critical driver of future revenue growth for EWAV is the successful execution and closing of its initial business combination with one or more operating businesses. Until such a merger or acquisition is completed, EWAV will not have any operational revenue.
  2. Revenue Growth of the Acquired Target Company: Following a successful business combination, EWAV's revenue growth will be directly driven by the inherent growth strategies and market performance of the acquired entity. This includes the expansion of the target company's products or services, growth in its customer base, and its ability to penetrate new markets.
  3. Growth in Target Sectors: EWAV intends to focus its search for a target business in high-growth areas such as financial technology, compute infrastructure, and energy solutions sectors. The overall expansion and innovation within these specific industries are expected to contribute significantly to the revenue potential of any acquired company.
  4. Leveraging Management Team's Expertise for Post-Acquisition Operational Improvements and Expansion: The company believes its management team's experience and network will enable it to identify, acquire, and effectively manage a business. This implies that the management's ability to provide strategic support, operational enhancements, and facilitate further expansion of the acquired business post-combination will serve as a driver for increased revenue.
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Share Repurchases

There is no information available regarding share repurchases made by East West Ave Acquisition over the last 3-5 years. As a newly organized blank check company, it has not engaged in share repurchases. The 1-Year, 3-Year, and 5-Year Share Buyback Ratios were reported as 0.00% as of November 2025.

Share Issuance

East West Ave Acquisition completed its Initial Public Offering (IPO) on August 3, 2026, issuing 10,000,000 units at $10.00 per unit, which raised gross proceeds of $100 million. Each unit sold in the IPO comprised one share of common stock and one right to receive one-fourth of one share of common stock upon the consummation of an initial business combination. Additionally, the company's sponsors purchased 272,500 private units for $2,725,000 and had previously acquired 2,875,000 founder shares for $25,000.

Inbound Investments

Following its IPO, approximately $100.5 million of the proceeds were deposited into a U.S.-based trust account.

Outbound Investments

As a blank check company still in search of a business combination target, East West Ave Acquisition has not made any outbound strategic investments in other companies.

Capital Expenditures

East West Ave Acquisition, as a blank check company with no operational business, has not incurred significant capital expenditures. Financial data indicates "N/A" for capital expenditures.

Peer Outperformance in Multi-Sector Holdings

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Share of Multi-Sector Holdings constituents that EWAV has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Financials sector, ranked by 5Y. Multi-Sector Holdings is EWAV's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Investment Banking & Brokerage 13 4.4%109.9%135.9% IBKR 511% · SNEX 266% · GS 188%
Reinsurance 6 18.8%73.7%132.8% SPNT 164% · RGA 143% · RNR 133%
Diversified Banks 12 37.8%127.6%118.3% JPM 157% · CM 153% · RY 143%
Life & Health Insurance 20 8.2%54.2%103.2% JXN 569% · UNM 321% · FG 203%
Multi-Sector Holdings ← 4 3.5%53.9%82.7% JONE 361% · BRK-B 84% · VOYA 81%
Regional Banks 265 26.8%84.7%68.7% GCBC 366% · ESQ 361% · VBNK 332%
Property & Casualty Insurance 42 9.4%68.6%68.2% ASIC 2746900% · HRTG 471% · UVE 308%
Multi-line Insurance 9 8.9%78.7%64.5% GNW 193% · L 108% · SLF 91%
Consumer Finance 30 5.7%87.6%33.8% ENVA 603% · EZPW 379% · FCFS 180%
Financial Exchanges & Data 15 -6.5%11.8%30.5% VIRT 201% · CBOE 142% · CME 80%
Diversified Financial Services 4 0.9%14.0%24.1% FRHC 174% · EQH 106% · TMS -58%
Insurance Brokers 16 -17.9%-3.8%20.4% LIFE 347% · ARX 89% · AJG 75%
Asset Management & Custody Banks 83 -10.8%13.7%14.4% WT 340% · SII 291% · VCTR 280%
Commercial & Residential Mortgage Finance 12 -48.2%28.3%2.8% FNMA 488% · FMCC 458% · ESNT 70%
Specialized Finance 3 27.4%39.8%-0.4% EFC 30% · CACC 0% · HASI -13%
Mortgage REITs 33 -13.2%8.4%-15.4% NREF 55% · RITM 48% · DX 37%
Transaction & Payment Processing Services 15 2.2%-8.7%-41.9% V 73% · MA 70% · CPAY 60%
Diversified Capital Markets 21 -33.6%2.7%-43.9% OPY 215% · LPLA 153% · GOLD 103%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

EWAVAACAMACATLQBRTMMedian
NameEast Wes.Ares Acq.AMR Reso.JAB Acqu.B&R Tech. 
Mkt Price9.8910.129.879.979.879.89
Mkt Cap------
Rev LTM------
Op Inc LTM------
FCF LTM------
FCF 3Y Avg------
CFO LTM------
CFO 3Y Avg------

Growth & Margins

EWAVAACAMACATLQBRTMMedian
NameEast Wes.Ares Acq.AMR Reso.JAB Acqu.B&R Tech. 
Rev Chg LTM------
Rev Chg 3Y Avg------
Rev Chg Q------
QoQ Delta Rev Chg LTM------
Op Inc Chg LTM------
Op Inc Chg 3Y Avg------
Op Mgn LTM------
Op Mgn 3Y Avg------
QoQ Delta Op Mgn LTM------
CFO/Rev LTM------
CFO/Rev 3Y Avg------
FCF/Rev LTM------
FCF/Rev 3Y Avg------

Valuation

EWAVAACAMACATLQBRTMMedian
NameEast Wes.Ares Acq.AMR Reso.JAB Acqu.B&R Tech. 
Mkt Cap------
P/S------
P/Op Inc------
P/EBIT------
P/E------
P/CFO------
Total Yield------
Dividend Yield------
FCF Yield 3Y Avg------
D/E------
Net D/E------

Returns

EWAVAACAMACATLQBRTMMedian
NameEast Wes.Ares Acq.AMR Reso.JAB Acqu.B&R Tech. 
1M Rtn0.5%-0.3%-0.1%0.2%0.2%0.2%
3M Rtn0.5%-0.3%-0.1%0.2%0.2%0.2%
6M Rtn0.5%-0.3%-0.1%0.2%0.2%0.2%
12M Rtn0.5%-0.3%-0.1%0.2%0.2%0.2%
3Y Rtn0.5%-0.3%-0.1%0.2%0.2%0.2%
1M Excs Rtn1.7%0.9%1.1%1.3%1.3%1.3%
3M Excs Rtn-3.0%-3.8%-3.6%-3.4%-3.4%-3.4%
6M Excs Rtn-14.2%-15.0%-14.8%-14.6%-14.6%-14.6%
12M Excs Rtn-16.7%-17.5%-17.3%-17.1%-17.1%-17.1%
3Y Excs Rtn-71.0%-71.8%-71.6%-71.3%-71.3%-71.3%

Comparison Analyses

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Financials

Price Behavior

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EWAV Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta-0.11-0.09-0.010.070.07-0.06
Up Beta0.010.08-0.15-0.00-0.00-0.09
Down Beta-0.27-0.22-0.00-0.050.02-0.01
Up Capture5%2%1%0%0%0%
Bmk +ve Days10213268138427
Stock +ve Days555555
Down Capture-6%-2%-1%-1%-0%-0%
Bmk -ve Days11213259113324
Stock -ve Days222222

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EWAV
EWAV0.5%1.6%1.24-
Sector ETF (XLF)9.0%14.6%0.3712.9%
Equity (SPY)18.3%12.8%1.0319.8%
Gold (GLD)19.0%29.2%0.5927.3%
Commodities (DBC)48.3%20.6%1.80-40.0%
Real Estate (VNQ)7.6%13.6%0.2921.9%
Bitcoin (BTCUSD)-32.4%43.8%-0.7713.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EWAV
EWAV0.1%1.6%1.24-
Sector ETF (XLF)10.2%18.4%0.4212.9%
Equity (SPY)12.5%17.2%0.5519.8%
Gold (GLD)18.7%18.8%0.8127.3%
Commodities (DBC)11.4%19.5%0.46-40.0%
Real Estate (VNQ)0.7%18.9%-0.0721.9%
Bitcoin (BTCUSD)9.4%52.6%0.3613.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with EWAV
EWAV0.1%1.6%1.24-
Sector ETF (XLF)13.2%22.1%0.5412.9%
Equity (SPY)15.2%17.9%0.7219.8%
Gold (GLD)12.3%16.3%0.6227.3%
Commodities (DBC)8.7%18.1%0.39-40.0%
Real Estate (VNQ)4.7%20.7%0.1921.9%
Bitcoin (BTCUSD)63.2%66.2%1.0313.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 8152026100.0%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest1
Core Cache Last Updated: 9/13/2026