NANC Fail-to-Deliver
Unusual Whales Subversive Democratic Trading ETF (NANC) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $263.7M, listed on CBOE, carrying a beta of 1.13 to the broader market. The fund is an actively managed diversified exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in equity securities of publicly traded companies that sitting Democratic members of United States Congress and/or their families also have reported to have invested in through public disclosure filings made by such Congresspersons pursuant to the Stop Trading on Congressional Knowledge Act (“STOCK Act”). public since 2023-02-07.
Fail-to-deliver (FTD) data from the SEC tracks settlement failures where shares were not delivered within the standard settlement period. Persistent FTDs may indicate naked short selling or settlement issues and are monitored by regulators.
- Latest Date
- 2026-04-30
- Latest FTD Quantity
- 141
- Latest Price
- $46.53
- 30-Day Avg FTD
- 197
- 30-Day Total FTD
- 5.9K
Showing 30 days of SEC fail-to-deliver data for Unusual Whales Subversive Democratic Trading ETF.
Learn how fails-to-deliver is reported and how to read the data →
Frequently asked NANC fail to deliver questions
- What is the latest NANC fail-to-deliver count?
- As of Apr 30, 2026, Unusual Whales Subversive Democratic Trading ETF (NANC) fail-to-deliver quantity is 141 shares, with a 30-day average of 197 shares. The SEC publishes FTD data twice monthly: first-half data at month-end, second-half around the 15th of the following month.
- What is the FTD aggregate net balance?
- FTD figures represent the aggregate net balance in NSCC's Continuous Net Settlement (CNS) system, not the gross failed-share count. The published numbers run 2-6 weeks stale relative to the underlying settlement date.
- How do NANC FTDs affect options pricing?
- Persistent FTDs flag hard-to-borrow conditions that distort put-call parity: in HTB names, synthetic long stock (long call + short put at the same strike) trades below the frictionless-parity price by approximately the borrow rebate. The discount equals the lending revenue forgone by holding the synthetic instead of actual shares. Reg SHO threshold-list inclusion follows from sustained FTD persistence.