Defiance S&P 500 Target 30 Weekly Distribution ETF (WDTE)Trading--Miscellaneous | Exchange Traded Fund | NYSEArca
28.34 USD
-0.14
(-0.492%) ⇩
(Oct. 16, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 7:56 a.m. EDT
This instrument is a distressed income play built on a collapsing asset price. While the headline yield of 26.6% looks attractive, it is a mathematical artifact of the share price having halved over the last two years while distributions remained relatively flat. The underlying business strategy—selling weekly option spreads on the S&P 500—has clearly failed to generate the alpha required to sustain both the price and the payout; the fund is effectively eating into principal to pay dividends. The price chart confirms this deterioration with a brutal 42% drop over the trailing two-year window, including two consecutive years of negative returns. The options market screams caution, with a massive wall of put open interest expiring in early 2027 suggesting investors expect further pain. There is no 'value' here, only a value trap where the high yield is the final dividend before potential insolvency or permanent capital loss. Avoid. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.013484 |
| MSTL | 0.016361 |
| AutoTheta | 0.022330 |
| AutoETS | 0.030727 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 64% |
| H-stat | 1.36 |
| Ljung-Box p | 0.001 |
| Jarque-Bera p | 0.826 |
| Excess Kurtosis | -0.31 |
| Attribute | Value |
|---|---|
| Trailing P/E | 24.99 |
As of Oct. 10, 2026, 7:56 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in out-of-the-money puts expiring in March 2027 compared to negligible call volume. This indicates a strong consensus expectation of significant volatility or a crash, rather than a rally. Near-term expiration shows mixed but low-volume positioning, while the deep out-of-the-money put wall suggests a fear of a prolonged decline.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.59% | 31.29% | 36.97% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-10-15 | 0.167 | 0.586376 |
| 2026-10-08 | 0.168 | 0.584755 |
| 2026-10-01 | 0.166 | 0.579548 |
| 2026-09-24 | 0.169 | 0.584371 |
| 2026-09-17 | 0.166 | 0.577592 |
| 2026-09-10 | 0.168 | 0.583942 |
| 2026-09-03 | 0.168 | 0.572051 |
| 2026-08-27 | 0.170 | 0.577838 |
| 2026-08-20 | 0.171 | 0.583618 |
| 2026-08-13 | 0.173 | 0.577148 |
| 2026-08-06 | 0.174 | 0.581940 |
| 2026-07-30 | 0.169 | 0.582156 |
| 2026-07-23 | 0.171 | 0.589107 |
| 2026-07-16 | 0.172 | 0.580473 |
| 2026-07-09 | 0.173 | 0.579351 |
| 2026-07-02 | 0.173 | 0.579759 |
| 2026-06-25 | 0.171 | 0.579072 |
| 2026-06-18 | 0.175 | 0.580682 |
| 2026-06-11 | 0.173 | 0.578479 |
| 2026-06-04 | 0.179 | 0.581169 |
| 2026-05-28 | 0.179 | 0.576304 |
| 2026-05-21 | 0.177 | 0.575217 |
| 2026-05-14 | 0.179 | 0.574160 |
| 2026-05-07 | 0.177 | 0.574302 |
| 2026-04-30 | 0.176 | 0.577617 |
| 2026-04-23 | 0.175 | 0.579087 |
| 2026-04-16 | 0.173 | 0.574942 |
| 2026-04-09 | 0.166 | 0.563974 |
| 2026-04-02 | 0.164 | 0.574995 |
| 2026-03-26 | 0.166 | 0.587195 |
| 2026-03-19 | 0.171 | 0.591286 |
| 2026-03-12 | 0.173 | 0.587436 |
| 2026-03-05 | 0.175 | 0.579662 |
| 2026-02-26 | 0.177 | 0.579378 |
| 2026-02-19 | 0.177 | 0.579568 |
| 2026-02-12 | 0.180 | 0.587467 |
| 2026-02-05 | 0.180 | 0.588659 |
| 2026-01-29 | 0.182 | 0.579304 |
| 2026-01-22 | 0.180 | 0.574896 |
| 2026-01-15 | 0.184 | 0.579856 |
| 2026-01-08 | 0.185 | 0.583008 |
| 2025-12-31 | 0.185 | 0.584703 |
| 2025-12-24 | 0.185 | 0.577133 |
| 2025-12-18 | 0.186 | 0.586751 |
| 2025-12-11 | 0.187 | 0.576324 |
| 2025-12-04 | 0.186 | 0.576030 |
| 2025-11-26 | 0.289 | 0.899191 |
| 2025-11-20 | 0.186 | 0.585827 |
| 2025-11-13 | 0.192 | 0.593692 |
| 2025-11-06 | 0.198 | 0.605875 |
| 2025-10-30 | 0.201 | 0.606006 |
| 2025-10-23 | 0.200 | 0.602991 |
| 2025-10-16 | 0.232 | 0.703243 |
| 2025-10-09 | 0.204 | 0.604444 |
| 2025-10-02 | 0.202 | 0.596927 |
| 2025-09-25 | 0.204 | 0.607143 |
| 2025-09-18 | 0.148 | 0.437417 |
| 2025-09-11 | 0.201 | 0.597325 |
| 2025-09-04 | 0.188 | 0.561378 |
| 2025-08-28 | 0.203 | 0.600734 |
| 2025-08-21 | 0.204 | 0.607324 |
| 2025-08-14 | 0.204 | 0.598381 |
| 2025-08-07 | 0.203 | 0.599227 |
| 2025-07-31 | 0.166 | 0.482979 |
| 2025-07-24 | 0.206 | 0.598315 |
| 2025-07-17 | 0.205 | 0.598365 |
| 2025-07-10 | 0.206 | 0.603557 |
| 2025-07-03 | 0.204 | 0.595447 |
| 2025-06-26 | 0.202 | 0.594275 |
| 2025-06-18 | 0.202 | 0.599941 |
| 2025-06-12 | 0.203 | 0.596568 |
| 2025-06-05 | 0.202 | 0.599834 |
| 2025-05-29 | 0.200 | 0.597675 |
| 2025-05-22 | 0.204 | 0.609192 |
| 2025-05-15 | 0.200 | 0.589710 |
| 2025-05-08 | 0.200 | 0.601703 |
| 2025-05-01 | 0.194 | 0.589003 |
| 2025-04-24 | 0.350 | 1.093921 |
| 2025-04-17 | 0.352 | 1.106327 |
| 2025-04-10 | 0.286 | 0.914527 |
| 2025-04-03 | 0.313 | 0.933492 |
| 2025-03-27 | 0.323 | 0.909962 |
| 2025-03-20 | 0.323 | 0.905523 |
| 2025-03-13 | 0.332 | 0.936134 |
| 2025-03-06 | 0.227 | 0.620982 |
| 2025-02-27 | 0.231 | 0.613709 |
| 2025-02-20 | 0.236 | 0.601427 |
| 2025-02-13 | 0.234 | 0.597854 |
| 2025-02-06 | 0.234 | 0.596634 |
| 2025-01-30 | 0.099 | 0.252680 |
| 2025-01-23 | 0.140 | 0.353535 |
| 2025-01-16 | 0.229 | 0.589068 |
| 2025-01-08 | 0.234 | 0.605904 |
| 2024-12-26 | 0.238 | 0.597540 |
| 2024-12-19 | 0.183 | 0.464609 |
| 2024-12-12 | 0.207 | 0.508475 |
| 2024-12-05 | 0.202 | 0.490470 |
| 2024-11-27 | 0.289 | 0.704706 |
| 2024-11-21 | 0.245 | 0.596979 |
| 2024-11-14 | 0.335 | 0.809766 |
| 2024-11-07 | 0.287 | 0.692233 |
| 2024-10-31 | 0.250 | 0.612145 |
| 2024-10-24 | 0.253 | 0.608392 |
| 2024-10-10 | 0.334 | 0.794104 |
| 2024-10-01 | 1.809 | 4.296912 |
| 2024-09-03 | 2.757 | 6.474871 |
| 2024-07-31 | 1.674 | 3.654224 |
| 2024-07-01 | 1.386 | 2.894737 |
| 2024-06-03 | 1.659 | 3.482368 |
| 2024-05-01 | 2.283 | 4.810367 |
| 2024-04-01 | 1.650 | 3.218256 |
| 2024-03-01 | 1.800 | 3.440367 |
| 2024-02-01 | 1.740 | 3.280543 |
| 2023-12-28 | 1.500 | 2.768549 |
| 2023-12-01 | 1.950 | 3.613118 |
| 2023-11-01 | 2.730 | 5.118110 |
| 2023-10-02 | 2.700 | 4.800000 |
| Attribute | Value |
|---|---|
| All Time High | 60.36 |
| All Time Low | 27.41 |
| Ask | 28.35 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 21,330 |
| Average Daily Volume3 Month | 20,701 |
| Average Volume | 20,701 |
| Average Volume10Days | 21,330 |
| Beta3 Year | -4.34 |
| Bid | 26.82 |
| Bid Size | 200 |
| Category | Trading--Miscellaneous |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 28.61 |
| Day Low | 27.88 |
| Display Name | S&P 500 Trgt 30 Weekly ETF |
| Dividend Yield | 26.62 |
| Eps Trailing Twelve Months | 1.1342223 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 29.16668 |
| Fifty Day Average Change | -0.8266792 |
| Fifty Day Average Change Percent | -0.028343275 |
| Fifty Two Week Change Percent | -15.047961 |
| Fifty Two Week High | 33.65 |
| Fifty Two Week High Change | -5.3100014 |
| Fifty Two Week High Change Percent | -0.15780093 |
| Fifty Two Week Low | 27.41 |
| Fifty Two Week Low Change | 0.9300003 |
| Fifty Two Week Low Change Percent | 0.033929233 |
| Fifty Two Week Range | 27.41 - 33.65 |
| First Trade Date Milliseconds | 1,695,130,200,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.2349987 |
| Fullday Change Percent | -0.8251359 |
| Fullday Price | 28.34 |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,694,995,200 |
| 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 is an actively managed exchange-traded fund (“ETF”) that seeks current income while maintaining the opportunity for indirect exposure to the value of the index, subject to a limit on potential gains from increases in the value of the index. The fund is non-diversified. |
| Long Name | Defiance S&P 500 Target 30 Weekly Distribution ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1852944782 |
| Nav Price | 28.5054 |
| Net Assets | 72,746,336.0 |
| Net Expense Ratio | 1.03 |
| Open | 28.62 |
| Previous Close | 28.48 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.139999 |
| Regular Market Change Percent | -0.491571 |
| Regular Market Day High | 28.61 |
| Regular Market Day Low | 27.88 |
| Regular Market Day Range | 27.88 - 28.61 |
| Regular Market Open | 28.62 |
| Regular Market Previous Close | 28.48 |
| Regular Market Price | 28.34 |
| Regular Market Time | 1,792,180,800 |
| Regular Market Volume | 34,524 |
| Short Name | Defiance S&P 500 Weekly Distrib |
| Source Interval | 15 |
| Symbol | WDTE |
| Three Year Average Return | 0.1496394 |
| Total Assets | 72,746,336 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 24.986284 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.71886 |
| Trailing Three Month Returns | 3.71886 |
| Triggerable | 1 |
| Two Hundred Day Average | 30.006395 |
| Two Hundred Day Average Change | -1.6663952 |
| Two Hundred Day Average Change Percent | -0.05553467 |
| Type Disp | ETF |
| Volume | 34,524 |
| Yield | 0.2662 |
| Ytd Return | 13.31526 |