Founder-Led ETF Shares (FDRS)Large Blend | Exchange Traded Fund | NasdaqGM
23.48 USD
-0.50
(-2.085%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 23.48 |
Hot Take ↕ | July 11, 2026, 3:59 a.m. EDT
The Founder-Led ETF Shares (FDRS) presents a classic case of a newly launched thematic vehicle lacking the infrastructure for serious investment analysis. While the recent price action shows a modest uptick, trading above its 50-day and 200-day averages, the underlying data reveals a security with no dividend history, no multi-year price trajectory to assess business quality, and virtually zero options liquidity. The recent news cycle highlights the launch of a sibling 2x leveraged product (FDRX), which often draws capital away from the base ETF, creating potential headwinds for the unlevered share. Without a track record of performance, a robust balance sheet, or active institutional participation evidenced by options flow, the asset offers no clear edge for either short-term momentum plays or long-term compounding. It remains a speculative holding in a niche sector until the fund matures. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.070228 |
| AutoETS | 0.070231 |
| MSTL | 0.070334 |
| MSTL_33 | 0.094033 |
| AutoTheta | 0.135299 |
Forecast horizon: 60 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 2.22 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.005 |
| Excess Kurtosis | 1.01 |
| Attribute | Value |
|---|---|
| Trailing P/E | 34.48 |
As of July 11, 2026, 3:59 a.m. EDT: Options activity is virtually dormant with negligible open interest and volume across both calls and puts. Implied volatility remains flat at roughly 60%, indicating a lack of speculative positioning or anticipated catalysts. The absence of significant strikes suggests traders are not hedging or betting on a specific directional move.
| Attribute | Value |
|---|---|
| All Time High | 25.75 |
| All Time Low | 19.37 |
| Ask | 30.23 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 79,470 |
| Average Daily Volume3 Month | 94,500 |
| Average Volume | 94,500 |
| Average Volume10Days | 79,470 |
| Beta3 Year | 0.0 |
| Bid | 17.13 |
| Bid Size | 2 |
| Category | Large Blend |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 23.9 |
| Day Low | 23.48 |
| Eps Trailing Twelve Months | 0.6808802 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 23.38286 |
| Fifty Day Average Change | 0.09713936 |
| Fifty Day Average Change Percent | 0.0041542975 |
| Fifty Two Week Change Percent | -3.076923 |
| Fifty Two Week High | 25.75 |
| Fifty Two Week High Change | -2.2700005 |
| Fifty Two Week High Change Percent | -0.08815536 |
| Fifty Two Week Low | 19.37 |
| Fifty Two Week Low Change | 4.1099987 |
| Fifty Two Week Low Change Percent | 0.21218371 |
| Fifty Two Week Range | 19.37 - 25.75 |
| First Trade Date Milliseconds | 1,767,105,000,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Corgi Funds |
| Fund Inception Date | 1,766,966,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-12-30 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The index tracks the performance of the top 50 founder-led publicly traded U.S. companies, defined as companies where at least one original founder currently serves in a C-suite or equivalent key executive role. Under normal market conditions, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in founder-led company equities included in the index and/or in financial instruments that collectively provide exposure to founder-led companies represented in the index. The fund is non-diversified. |
| Long Name | Founder-Led ETF Shares |
| Market | us_market |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1966640491 |
| Nav Price | 23.9343 |
| Net Assets | 92,517,504.0 |
| Net Expense Ratio | 0.49 |
| Open | 23.9 |
| Phone | 800-806-2986 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 23.48 |
| Post Market Time | 1,783,972,909 |
| Previous Close | 23.98 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.5 |
| Regular Market Change Percent | -2.08507 |
| Regular Market Day High | 23.9 |
| Regular Market Day Low | 23.48 |
| Regular Market Day Range | 23.48 - 23.9 |
| Regular Market Open | 23.9 |
| Regular Market Previous Close | 23.98 |
| Regular Market Price | 23.48 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 7,620 |
| Short Name | Founder-Led ETF |
| Source Interval | 15 |
| Symbol | FDRS |
| Total Assets | 92,517,504 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 34.484776 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 14.77809 |
| Trailing Three Month Returns | 14.77809 |
| Triggerable | 1 |
| Two Hundred Day Average | 22.616636 |
| Two Hundred Day Average Change | 0.86336327 |
| Two Hundred Day Average Change Percent | 0.038173813 |
| Type Disp | ETF |
| Volume | 7,620 |
| Ytd Return | -4.56491 |