SMAX Fail-to-Deliver
iShares Large Cap Max Buffer Sep ETF (SMAX) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $89.3M, listed on CBOE, carrying a beta of 0.23 to the broader market. SMAX utilizes a defined outcome strategy on the iShares Core S&P 500 ETF (IVV). public since 2024-10-01.
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
- 2026-09-14
- Latest FTD Quantity
- 582
- Latest Price
- $28.33
- 30-Day Avg FTD
- 2.9K
- 30-Day Total FTD
- 85.9K
Showing 30 days of SEC fail-to-deliver data for iShares Large Cap Max Buffer Sep ETF.
Learn how fails-to-deliver is reported and how to read the data →
Frequently asked SMAX fail to deliver questions
- What is the latest SMAX fail-to-deliver count?
- As of Sep 14, 2026, iShares Large Cap Max Buffer Sep ETF (SMAX) fail-to-deliver quantity is 582 shares, with a 30-day average of 2.9K 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 SMAX 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.