Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Volatility Shs Tr (BITX)

38 + Investors. Track Smart Money conviction in BITX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -19
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — BITX

Based on 38 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their BITX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 67% of 3.0Y high

67% of all-time peak
Only 38 funds hold BITX today versus a peak of 57 funds at 2025 Q4 — just 67% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 17% fewer funds vs a year ago

fund count last 6Q
8 fewer hedge funds hold BITX compared to a year ago (-17% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 42% buying

28 buying38 selling
Last quarter: 38 funds reduced or exited vs 28 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-18 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 18 → 13 → 28 → 10. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄

Mostly new holders — 42% entered in last year

■ 21% conviction (2yr+) ■ 37% medium ■ 42% new
Only 8 funds (21%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares -2%, value -48%

Value
-48%
Shares
-1%
Last quarter: funds added -2% more shares while total portfolio value only changed -48%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~10 new funds/quarter

20 → 18 → 13 → 28 → 10 new funds/Q
New funds entering each quarter: 18 → 13 → 28 → 10. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 23% veterans, 44% new entrants

■ 23% veterans ■ 33% 1-2yr ■ 44% new
Of 43 current holders: 10 (23%) held 2+ years, 14 held 1–2 years, 19 (44%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
3 of 36 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in BITX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BITX

In 2026 Q1, 28 hedge funds were net buyers of BITX (10 opened a new position, 18 added to an existing one), while 38 reduced or exited (9 trimmed, 29 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 45% of total institutional value in BITX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -19 funds (more exits than new entries). Total institutional holders: 38.

Hedge Fund Ownership: BITX

How many hedge funds hold BITX — quarterly history vs. share price
Quarterly hedge fund ownership of BITX vs. share price

Market Analysis: BITX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BITX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Volatility Shs Tr (BITX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BITX has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
BITX
-18.9%
SPY
+15.1%

BITX outperformed SPY by -34.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
BITX
-38.7%
SPY
+1.3%

Since the filing became public, BITX outperformed SPY by -40.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: BITX
38 + Investors

Track Smart Money conviction in BITX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 38 57 -33.33%
13F Shares 10M 10M -1.75%
Total Value $144M $278M -48.1%
New Positions 10 28 -18
Increased Positions 16 13 +3
Closed Positions 29 17 +12
Reduced Positions 7 13 -6
Total Calls 4 7 -42.86%
Total Puts 3 4 -25.0%
PUT/CALL Ratio 0.75 0.57 Neutral

Statistics: BITX

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

38 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BITX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BITX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kingswood Wealth Advisors, LLC 0.17% 241,039 $3.6M
2 Mcguire Capital Advisors Inc 0.13% 14,289 $211K
3 Cane Capital Partners, LLC 0.13% 20,404 $301K
4 Almanack Investment Partners, LLC. 0.09% 36,251 $534K
5 Secure Asset Management, LLC 0.02% 10,150 $150K
6 Headlands Technologies LLC 0.02% 13,747 $203K
7 Benson Wealth Management INC 0.01% 710 $10K
8 Financial Life Planners 0.01% 713 $11K
9 Group One Trading LLC 0.01% 203,114 $3.0M
10 CreativeOne Wealth, LLC 0.00% 13,440 $198K
11 Estate Planners Group, LLC 0.00% 360 $10K
12 Root Financial Partners, LLC 0.00% 5,400 $80K
13 Citadel Advisors LLC 0.00% 1,499,000 $22.1M
14 Kilter Group LLC 0.00% 500 $7K
15 Larson Financial Group LLC 0.00% 6,697 $99K
16 Jane Street Group, LLC 0.00% 1,586,000 $23.4M
17 Susquehanna International Group, LLP 0.00% 1,783,500 $26.3M
18 Citadel Advisors LLC 0.00% 1,165,400 $17.2M
19 Susquehanna International Group, LLP 0.00% 1,652,700 $24.4M
20 Simplex Trading, LLC 0.00% 176,377 $2.6M
21 Jane Street Group, LLC 0.00% 900,100 $13.3M
22 Zacks Investment Management 0.00% 12,041 $177K
23 SHP Wealth Management 0.00% 1,019 $15K
24 Summit Securities Group LLC 0.00% 500 $7K
25 Hurley Capital, LLC 0.00% 91 $1K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Volatility Shs Tr (BITX)

What does the Smart Money Trend signal show for BITX?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their BITX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for BITX?

More sellers than buyers — 42% buying: Last quarter: 38 funds reduced or exited vs 28 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for BITX holders?

Elite ownership — 45% AUM from top-100 funds: 3 of 36 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in BITX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BITX?

Mostly new holders — 42% entered in last year: Only 8 funds (21%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Volatility Shs Tr (BITX) following the 2026 Q1 hedge fund 13F filings?

As of today, BITX has moved -38.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -40.0%. Since the quarter end (March 31, 2026), BITX has gained -18.9% vs +15.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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