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Average shares per print by month, September 2025 through July 2026

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-12, from How Fractional Shares Hit the Tape.

as of series 11×5read in context →
Average shares per print by month, September 2025 through July 2026 — 11 rows by 5 columns, computed from US exchange, SIP and OPRA data.
monthmonth_labelaapl_shares_per_printmsft_shares_per_printko_shares_per_print
2025-09-01Sep 202591.449.4115
2025-10-01Oct 20257239.966
2025-11-01Nov 202568.639.371.9
2025-12-01Dec 202574.545.674.7
2026-01-01Jan 202671.541.474.1
2026-02-01Feb 202670.444.872.4
2026-03-01Mar 202664.845.266.5
2026-04-01Apr 202668.24358.6
2026-05-01May 202664.149.257.7
2026-06-01Jun 202667.953.271.5
2026-07-01Jul 202654.948.661.8
Rows × columns
11 × 5
Period covered
to
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for Average shares per print by month, September 2025 through July 2026, derived from the stored result.
ColumnTypeRangeNotes
month date 2025-09-01 to 2026-07-01
month_label text 11 distinct values (Apr 2026, Dec 2025, Feb 2026…)
aapl_shares_per_print number 54.9 to 91.4 count
msft_shares_per_print number 39.3 to 53.2 count
ko_shares_per_print number 57.7 to 115 count

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.

the exact SQL behind every number
SELECT
    toString(m)                                                   AS month,
    formatDateTime(m, '%b %Y')                                    AS month_label,
    round(sumIf(vol, sym = 'AAPL') / sumIf(trades, sym = 'AAPL'), 1) AS aapl_shares_per_print,
    round(sumIf(vol, sym = 'MSFT') / sumIf(trades, sym = 'MSFT'), 1) AS msft_shares_per_print,
    round(sumIf(vol, sym = 'KO')   / sumIf(trades, sym = 'KO'), 1)   AS ko_shares_per_print
FROM
(
    SELECT
        toStartOfMonth(date)  AS m,
        ticker                AS sym,
        toFloat64(volume)     AS vol,
        transactions          AS trades
    FROM global_markets.stocks_daily_aggs
    WHERE ticker IN ('AAPL', 'MSFT', 'KO')
      AND date >= '2025-09-01'
      AND date <  '2026-08-01'
)
GROUP BY m
ORDER BY m

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