AGF U.S. Market Neutral Anti-Beta Fund (BTAL)Equity Market Neutral | Exchange Traded Fund | NYSEArca
11.67 USD
-0.19
(-1.602%) ⇩
(July 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:17 a.m. EDT
The AGF U.S. Market Neutral Anti-Beta Fund is currently trapped in a structural downtrend that outweighs its modest yield. While the 3.2% dividend yield provides some income, the payout history reveals instability, with distributions swinging wildly from $0.21 to $1.04 annually, suggesting the fund is not generating consistent cash flow to support a high rating. More critically, the nine-year price trajectory is a disaster, down nearly 26% from its inception, with the most recent annual return being negative. Although the fund's unique 'anti-beta' design makes it a useful portfolio hedge during market crashes, this specific characteristic is driving the price down in a flat or rising market, creating a value trap where the market has correctly priced out the business utility. The options market confirms this pessimism, with heavy put buying at distant strikes indicating fear of further declines rather than confidence in a recovery. Investors should view this as a defensive tool, not a growth or income vehicle, and expect the price to remain under pressure until the broader market environment shifts. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.022955 |
| AutoTheta | 0.025080 |
| AutoETS | 0.032058 |
| MSTL | 0.032611 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 59% |
| H-stat | 0.70 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.812 |
| Excess Kurtosis | -0.42 |
| Attribute | Value |
|---|---|
| Trailing P/E | 19.78 |
As of July 11, 2026, 6:17 a.m. EDT: Speculator positioning is fragmented and lacks a unified directional thesis. Near-term expiration shows negligible open interest, suggesting a lack of immediate hedging or speculative bets. In the August and September expirations, there is a distinct divergence: significant call volume at lower strikes (11.0) versus heavy put volume at far-out-of-the-money strikes (17.0 in September, 8.0 in December). This pattern indicates a 'crash' hedge strategy rather than a bullish rally expectation, with traders betting on volatility spikes or downside events while ignoring the moderate upside potential.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.49% | 2.49% | 4.07% | 2.64% |
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-30 | 0.358 | 2.494773 |
| 2024-12-30 | 0.645 | 3.480842 |
| 2023-12-27 | 1.041 | 6.229803 |
| 2022-12-28 | 0.213 | 0.990698 |
| 2019-12-27 | 0.196 | 0.887279 |
| 2018-12-27 | 0.086 | 0.390909 |
| 2012-09-14 | 0.001 | 0.004615 |
| 2011-12-20 | 0.427 | 1.779167 |
| Attribute | Value |
|---|---|
| All Time High | 27.95 |
| All Time Low | 10.86 |
| Ask | 0.0 |
| Ask Size | 2,400 |
| Average Daily Volume10 Day | 693,640 |
| Average Daily Volume3 Month | 789,796 |
| Average Volume | 789,796 |
| Average Volume10Days | 693,640 |
| Beta3 Year | -0.93 |
| Bid | 0.0 |
| Bid Size | 2,300 |
| Category | Equity Market Neutral |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 11.77 |
| Day Low | 11.6399 |
| Dividend Yield | 3.2 |
| Eps Trailing Twelve Months | 0.5899465 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 11.7356 |
| Fifty Day Average Change | -0.065600395 |
| Fifty Day Average Change Percent | -0.005589863 |
| Fifty Two Week Change Percent | -30.724298 |
| Fifty Two Week High | 17.36 |
| Fifty Two Week High Change | -5.6900005 |
| Fifty Two Week High Change Percent | -0.327765 |
| Fifty Two Week Low | 10.86 |
| Fifty Two Week Low Change | 0.8100004 |
| Fifty Two Week Low Change Percent | 0.074585676 |
| Fifty Two Week Range | 10.86 - 17.36 |
| First Trade Date Milliseconds | 1,315,920,600,000 |
| Five Year Average Return | -0.0495474 |
| Full Exchange Name | NYSEArca |
| Fund Family | AGF Investments LLC |
| Fund Inception Date | 1,315,872,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund will invest primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities on a dollar neutral basis, within sectors. It will construct a dollar neutral portfolio of long and short positions of U.S. equities by investing primarily in the constituent securities of the Dow Jones U.S. Thematic Market Neutral Low Beta Index in approximately the same weight as they appear in the index. The universe for the index is comprised of the top 1,000 eligible securities by market capitalization, including REITs. |
| Long Name | AGF U.S. Market Neutral Anti-Beta Fund |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_140449181 |
| Nav Price | 11.6601 |
| Net Assets | 282,859,488.0 |
| Net Expense Ratio | 1.4 |
| Open | 11.7 |
| Phone | (617) 292-9801 |
| Previous Close | 11.86 |
| Price Hint | 2 |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.19 |
| Regular Market Change Percent | -1.60202 |
| Regular Market Day High | 11.77 |
| Regular Market Day Low | 11.6399 |
| Regular Market Day Range | 11.6399 - 11.77 |
| Regular Market Open | 11.7 |
| Regular Market Previous Close | 11.86 |
| Regular Market Price | 11.67 |
| Regular Market Time | 1,784,059,200 |
| Regular Market Volume | 452,929 |
| Short Name | AGF U.S. Market Neutral Anti-Be |
| Source Interval | 15 |
| Symbol | BTAL |
| Three Year Average Return | -0.1018863 |
| Total Assets | 282,859,488 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 19.781454 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -19.84543 |
| Trailing Three Month Returns | -19.84543 |
| Triggerable | 1 |
| Two Hundred Day Average | 13.71895 |
| Two Hundred Day Average Change | -2.0489502 |
| Two Hundred Day Average Change Percent | -0.14935182 |
| Type Disp | ETF |
| Volume | 452,929 |
| Yield | 0.032 |
| Ytd Return | -22.22145 |