ORANY ORANGE

BEARISH Impact: 7/10 Institutional Cluster
Horizon weeks Processed 3mo ago
Institutional cluster: 0 buyers, 3 sellers (bearish)
Final — all horizons settled through T+60d
ORANY ▲ +0.96% at T+60d
SHORT call ✗ call lost -0.96% · α vs SPY +8.37% · entry $20.82 → $21.02
Entry anchored
Feb 28, 2026
via day open
T+1d
-0.48%
call +0.48% · α -0.43%
$20.72
settled 3mo ago
T+5d
-4.47%
call +4.47% · α +3.26%
$19.89
settled 3mo ago
T+20d
-3.99%
call +3.99% · α -3.95%
$19.99
settled 3mo ago
T+60d
+0.96%
call -0.96% · α +8.37%
$21.02
settled 15d ago

Executive Summary

Three major passive institutional investors — Morgan Stanley, Wells Fargo, and Schwab — fully exited their positions in ORANY during Q4 2024, collectively selling $44.7 million worth of shares. This complete divestment by large, passive managers suggests a coordinated de-risking or index-related removal, indicating deteriorating market structure and declining institutional support.

Key Financial Metrics

Direction
distributing
Buy Value
$0.00
Sell Value
$44.7M
Net Flow
-$44.7M

Institutional Positions

Net institutional flow: -$44.7M

▼ Sellers (3)

InstitutionActionChangePrev ValueValue Δ
Morgan Stanley EXIT 100% $38.6M -$38.6M
Wells Fargo EXIT 100% $4.9M -$4.9M
Schwab EXIT 100% $1.2M -$1.2M

Actionable Insight

The total exit by all tracked institutions signals severe erosion of institutional confidence. Traders should monitor for potential delisting risk, liquidity crunch, or upcoming negative catalyst. Consider this a red flag for long-term viability unless new buyers emerge.

Key Facts

  • Morgan Stanley exited a $38.6M position (3.37M shares)
  • Wells Fargo exited a $4.9M position (425.2K shares)
  • Schwab exited a $1.2M position (104.0K shares)
  • Total sell value: $44.7 million across 3 mega-passive institutions
  • No institutional buying activity detected in Q4 2024

Financial Impact

Institutions sold $44.7 million in holdings during Q4 2024 with zero offsetting buys, indicating complete institutional abandonment.

liquidityfloatinstitutional ownership

Risk Factors

  • Severe liquidity decline due to loss of major holders
  • Potential removal from indices or eligible investment universes
  • Increased volatility and downward price pressure

Market Snapshot

Exchange
OTC

Documents Analyzed

This report is based on 1 institutional 13F filing from SEC EDGAR.

DocumentAccession Number
INST-CLUSTER Data (Synthetic)inst-cluster-ORANY-2024-Q4

US Market Status

Market Closed — Opens in 7h 17m

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