Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Invesco S&P SmallCap Energy ETF ETF · Invesco Exchange-Traded Fund Trust II
34 holdings · as of 2026-05-31 (3.6 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 113% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 38.34% of portfolio weight is in non-compliant holdings, over the 5% threshold.
34 holdings, 29 matched (82% of weight). Portfolio as of 2026-05-31, filed 2026-07-28. Source: SEC Form N-PORT.
0.60% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (28 of 34 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
47.7% compliant 0.0% questionable 34.0% non-compliant 18.4% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Invesco Private Prime Fund | UNSCREENED | 9.77% | no in-house ratios for this holding |
| SM SM Energy Co. | COMPLIANT | 7.45% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Archrock, Inc. | UNSCREENED | 6.29% | no in-house ratios for this holding |
| NE Noble Corp. PLC | NON_COMPLIANT | 6.26% | AAOIFI25.8% Usmani26.4% Dow Jones Islamic36.9% S&P Shariah35.9% MSCI Islamic26.1% MSCI Islamic M-Series35.9% FTSE Shariah26.1% |
| KGS Kodiak Gas Services, Inc. | NON_COMPLIANT | 5.79% | AAOIFI43.8% Usmani51.2% Dow Jones Islamic74.1% S&P Shariah90.9% MSCI Islamic50.3% MSCI Islamic M-Series90.9% FTSE Shariah49.5% |
| MGY Magnolia Oil & Gas Corp. | COMPLIANT | 5.30% | AAOIFI6.5% Usmani13.2% Dow Jones Islamic9.0% S&P Shariah9.4% MSCI Islamic13.2% MSCI Islamic M-Series9.4% FTSE Shariah12.5% |
| LBRT Liberty Energy Inc. | NON_COMPLIANT | 5.08% | AAOIFI40.1% Usmani35.9% Dow Jones Islamic44.1% S&P Shariah43.7% MSCI Islamic30.1% MSCI Islamic M-Series43.7% FTSE Shariah28.8% |
| CRC California Resources Corp. | COMPLIANT | 4.99% | AAOIFI28.0% Usmani19.0% Dow Jones Islamic31.5% S&P Shariah34.1% MSCI Islamic19.0% MSCI Islamic M-Series34.1% FTSE Shariah18.0% |
| CNR Core Natural Resources, Inc. | COMPLIANT | 4.85% | AAOIFI9.1% Usmani7.3% Dow Jones Islamic11.1% S&P Shariah12.3% MSCI Islamic7.3% MSCI Islamic M-Series12.3% FTSE Shariah7.3% |
| WHD Cactus, Inc. | COMPLIANT | 4.36% | AAOIFI0.8% Usmani2.2% Dow Jones Islamic0.9% S&P Shariah1.0% MSCI Islamic1.5% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| PTEN Patterson-UTI Energy, Inc. | COMPLIANT | 4.22% | AAOIFI27.0% Usmani23.9% Dow Jones Islamic43.7% S&P Shariah40.1% MSCI Islamic23.8% MSCI Islamic M-Series40.1% FTSE Shariah23.0% |
| OII Oceaneering International, Inc. | COMPLIANT | 4.16% | AAOIFI16.3% Usmani30.6% Dow Jones Islamic28.6% S&P Shariah30.5% MSCI Islamic30.6% MSCI Islamic M-Series30.5% FTSE Shariah18.2% |
| HP Helmerich & Payne, Inc. | NON_COMPLIANT | 4.15% | AAOIFI42.0% Usmani29.6% Dow Jones Islamic66.3% S&P Shariah61.7% MSCI Islamic29.6% MSCI Islamic M-Series61.7% FTSE Shariah29.6% |
| TDW Tidewater Inc. | COMPLIANT | 3.69% | AAOIFI13.9% Usmani27.6% Dow Jones Islamic21.4% S&P Shariah18.9% MSCI Islamic27.6% MSCI Islamic M-Series18.9% FTSE Shariah27.6% |
| BTU Peabody Energy Corp. | COMPLIANT | 3.42% | AAOIFI11.8% Usmani7.8% Dow Jones Islamic15.1% S&P Shariah14.8% MSCI Islamic7.8% MSCI Islamic M-Series14.8% FTSE Shariah6.2% |
| INSW International Seaways, Inc. | COMPLIANT | 3.41% | AAOIFI12.6% Usmani21.6% Dow Jones Islamic26.6% S&P Shariah28.6% MSCI Islamic21.6% MSCI Islamic M-Series28.6% FTSE Shariah21.4% |
| Invesco Private Government Fund | UNSCREENED | 3.17% | no in-house ratios for this holding |
| PARR Par Pacific Holdings, Inc. | COMPLIANT | 3.08% | AAOIFI27.5% Usmani25.0% Dow Jones Islamic60.9% S&P Shariah60.3% MSCI Islamic24.7% MSCI Islamic M-Series60.3% FTSE Shariah16.3% |
| CRGY Crescent Energy Co. | NON_COMPLIANT | 3.06% | AAOIFI113.5% Usmani43.1% Dow Jones Islamic176.1% S&P Shariah181.7% MSCI Islamic43.0% MSCI Islamic M-Series181.7% FTSE Shariah43.0% |
| NOG Northern Oil and Gas, Inc. | NON_COMPLIANT | 2.48% | AAOIFI98.7% Usmani46.8% Dow Jones Islamic104.4% S&P Shariah96.1% MSCI Islamic46.8% MSCI Islamic M-Series96.1% FTSE Shariah46.8% |
| KNTK Kinetik Holdings Inc. | NON_COMPLIANT | 2.28% | AAOIFI43.0% Usmani55.5% Dow Jones Islamic56.5% S&P Shariah62.5% MSCI Islamic55.5% MSCI Islamic M-Series62.5% FTSE Shariah54.8% |
| TALO Talos Energy Inc. | NON_COMPLIANT | 2.01% | AAOIFI44.2% Usmani24.7% Dow Jones Islamic64.3% S&P Shariah63.8% MSCI Islamic22.9% MSCI Islamic M-Series63.8% FTSE Shariah22.6% |
| WKC World Kinect Corp. | NON_COMPLIANT | 1.75% | AAOIFI41.1% Usmani11.3% Dow Jones Islamic49.9% S&P Shariah51.8% MSCI Islamic11.3% MSCI Islamic M-Series51.8% FTSE Shariah11.3% |
| LPG Dorian LPG Ltd. | COMPLIANT | 1.61% | AAOIFI27.4% Usmani34.0% Dow Jones Islamic54.2% S&P Shariah53.7% MSCI Islamic34.0% MSCI Islamic M-Series53.7% FTSE Shariah26.7% |
| REX REX American Resources Corp. | COMPLIANT | 1.44% | AAOIFI1.1% Usmani2.1% Dow Jones Islamic1.4% S&P Shariah1.6% MSCI Islamic1.7% MSCI Islamic M-Series1.6% FTSE Shariah0.0% |
| AESI Atlas Energy Solutions Inc. | NON_COMPLIANT | 1.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Helix Energy Solutions Group, Inc. | UNSCREENED | 1.39% | no in-house ratios for this holding |
| CRK Comstock Resources, Inc. | NON_COMPLIANT | 1.15% | AAOIFI71.2% Usmani42.1% Dow Jones Islamic59.6% S&P Shariah70.6% MSCI Islamic42.1% MSCI Islamic M-Series70.6% FTSE Shariah41.2% |
| VTOL Bristow Group Inc. | NON_COMPLIANT | 1.14% | AAOIFI73.3% Usmani40.7% Dow Jones Islamic88.3% S&P Shariah96.1% MSCI Islamic40.7% MSCI Islamic M-Series96.1% FTSE Shariah31.3% |
| INVX Innovex International, Inc. | COMPLIANT | 1.12% | AAOIFI3.5% Usmani7.5% Dow Jones Islamic5.5% S&P Shariah6.5% MSCI Islamic5.6% MSCI Islamic M-Series6.5% FTSE Shariah1.9% |
| CVI CVR Energy, Inc. | NON_COMPLIANT | 1.09% | AAOIFI37.3% Usmani42.4% Dow Jones Islamic64.0% S&P Shariah62.3% MSCI Islamic42.4% MSCI Islamic M-Series62.3% FTSE Shariah42.0% |
| CLB Core Laboratories Inc. | NON_COMPLIANT | 0.70% | AAOIFI28.7% Usmani28.1% Dow Jones Islamic23.7% S&P Shariah21.7% MSCI Islamic28.1% MSCI Islamic M-Series21.7% FTSE Shariah19.4% |
| RES RPC, Inc. | COMPLIANT | 0.65% | AAOIFI1.4% Usmani1.5% Dow Jones Islamic1.6% S&P Shariah1.5% MSCI Islamic1.4% MSCI Islamic M-Series1.5% FTSE Shariah0.0% |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.08% | no in-house ratios for this holding |
The published standards disagree about this fund by 37 points of portfolio weight — 67.9% of it passes FTSE Shariah, 31.3% passes MSCI Islamic M-Series. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 54.9% ratios fail on 32.8% 25.1% not rated under AAOIFI
ratios pass on 61.2% ratios fail on 26.5% 25.1% not rated under Usmani
ratios pass on 39.8% ratios fail on 48.0% 25.1% not rated under Dow Jones Islamic
ratios pass on 34.8% ratios fail on 53.0% 25.1% not rated under S&P Shariah
ratios pass on 58.6% ratios fail on 33.5% 20.7% not rated under MSCI Islamic
ratios pass on 31.3% ratios fail on 56.4% 25.1% not rated under MSCI Islamic M-Series
ratios pass on 67.9% ratios fail on 18.7% 26.2% not rated under FTSE Shariah
29 of 34 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 28 (91% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NE Noble Corp. PLC | 6.26% |
| KGS Kodiak Gas Services, Inc. | 5.79% |
| LBRT Liberty Energy Inc. | 5.08% |
| HP Helmerich & Payne, Inc. | 4.15% |
| CRGY Crescent Energy Co. | 3.06% |
| NOG Northern Oil and Gas, Inc. | 2.48% |
| KNTK Kinetik Holdings Inc. | 2.28% |
| TALO Talos Energy Inc. | 2.01% |
| WKC World Kinect Corp. | 1.75% |
| AESI Atlas Energy Solutions Inc. | 1.40% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
PSCE (PSCE) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for PSCE — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 47.20 | NEUTRAL |
| Stochastic %K (14) | 1.31 | BUY |
| CCI (20) | -92.79 | NEUTRAL |
| Williams %R (14) | -98.69 | BUY |
| MACD (12,26,9) | -0.41 | SELL |
| ROC (10) | -2.83 | SELL |
| Momentum (10) | -1.79 | SELL |
| EMA (10) | 62.73 | SELL |
| SMA (10) | 63.25 | SELL |
| EMA (20) | 62.50 | SELL |
| SMA (20) | 62.86 | SELL |
| EMA (30) | 61.93 | SELL |
| SMA (30) | 62.33 | SELL |
| EMA (50) | 60.97 | BUY |
| SMA (50) | 60.19 | BUY |
| EMA (100) | 59.21 | BUY |
| SMA (100) | 59.63 | BUY |
| EMA (200) | 54.83 | BUY |
| SMA (200) | 55.71 | BUY |
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices, LLC (the “index provider”) compiles, maintains and calculates the underlying index, which is designed to measure the performance of securities of small-capitalization U.S. companies in the energy sector, as defined by the Global Industry Classification Standard (“GICS ® ”). It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 43 |
| 🕐 1H | BEARISH | 42 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-09-15 · Asset managers net 904684 (-7677)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.