As of Jul 31, 2025, Towle Value ETF has 2,611 shares failed to deliver, representing 58.24% of the average daily volume of 4,483 shares. Over the past year, the monthly average FTD is 6,582 shares, with the current level 60% below the historical average, indicating low settlement pressure. The weighted FTD ratio above 1% suggests potential liquidity constraints or heightened short-selling activity.