Vault-13

VOLATILITY SHS TR BITX

2X BITCOIN STRAT · ETP · CUSIP 92864M301

32 institutional holders -1 vs Q1 2024
2,473,7282.5m shares reported held*
$78.1mreported value*
15 new 13 added 3 reduced 15 sold out net sold ≈ $13.0m (-400.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $31.57. Options: 10 managers hold calls ($45.0m notional), 8 hold puts ($84.3m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

02040Q2 23: 3Q3 23: 6Q4 23: 16Q1 24: 33Q2 24: 3232Q2 23Q3 23Q4 23Q1 24Q2 24
Numbers
QuarterHolders
Q2 20233
Q3 20236
Q4 202316
Q1 202433
Q2 202432

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 4 bought or addedQ3 23: 2 cut or sold outQ3 23Q4 23: 12 bought or addedQ4 23: 3 cut or sold outQ4 23Q1 24: 28 bought or addedQ1 24: 6 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 18 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q3 202342
Q4 2023123
Q1 2024286
Q2 20242818

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$25m$50m$75m$100mQ3 23 calls: $1.9mQ3 23 puts: $283.0kQ3 23P/C 0.15Q4 23 calls: $11.9mQ4 23 puts: $5.9mQ4 23P/C 0.50Q1 24 calls: $64.2mQ1 24 puts: $78.7mQ1 24P/C 1.23Q2 24 calls: $45.0mQ2 24 puts: $84.3mQ2 24P/C 1.87
Numbers
QuarterCallsPutsP/C
Q3 2023$1.9m$283.0k0.15
Q4 2023$11.9m$5.9m0.50
Q1 2024$64.2m$78.7m1.23
Q2 2024$45.0m$84.3m1.87

Biggest buyers

JANE STREET GROUP, LLC Added +1,051,518+1.1m
Virtu Financial LLC Added +54,633+54.6k
FLOW TRADERS U.S. LLC Added +51,807+51.8k
HHM Wealth Advisors, LLC New +43,398+43.4k
WOLVERINE TRADING, LLC Added +41,895+41.9k
IMC-Chicago, LLC Added +37,996+38.0k
KINGSWOOD WEALTH ADVISORS, LLC Added +30,991+31.0k
NewEdge Advisors, LLC New +26,069+26.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +19,625+19.6k
Visionary Wealth Advisors New +14,365+14.4k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -653,619-653.6k
Franchise Capital Ltd Sold out -343,147-343.1k
Strategic Vision Investment Ltd Sold out -288,000-288.0k
Accuvest Global Advisors Sold out -158,485-158.5k
Jump Financial, LLC Reduced -149,803-149.8k
Belvedere Trading LLC Sold out -110,692-110.7k
APEIRON CAPITAL Ltd Sold out -31,400-31.4k
SIMPLEX TRADING, LLC Sold out -23,408-23.4k
CITADEL ADVISORS LLC Sold out -19,464-19.5k
Client First Investment Management LLC Sold out -16,447-16.4k

Biggest calls

CITADEL ADVISORS LLC Added $18.2m574.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.2m260.3k shares
Belvedere Trading LLC Added $5.2m165.6k shares
WOLVERINE TRADING, LLC Added $4.6m145.6k shares
JANE STREET GROUP, LLC Reduced $4.4m137.5k shares
IMC-Chicago, LLC Added $4.2m131.5k shares
Interchange Capital Partners, LLC New $76.0k2.4k shares
HAP Trading, LLC New $58.2k13.3k shares
SUMMIT SECURITIES GROUP LLC New $10.0k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $33.7m1.1m shares
JANE STREET GROUP, LLC Added $26.1m824.3k shares
CITADEL ADVISORS LLC Added $9.8m309.8k shares
Belvedere Trading LLC Added $6.8m213.3k shares
IMC-Chicago, LLC Added $4.2m133.3k shares
WOLVERINE TRADING, LLC Added $2.9m90.2k shares
Boussard & Gavaudan Investment Management LLP Reduced $841.4k7.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 1,700,9361.7m $53.9m $53.9m 0.06% Added +1.1m +1,051,518
2 KINGSWOOD WEALTH ADVISORS, LLC 0.47% of their portfolio SAN DIEGO, CA 166,175166.2k $5.3m $5.3m 0.47% Added +31.0k +30,991
3 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 88,65188.7k $2.8m $2.8m 0.06% Reduced -149.8k -149,803
4 Virtu Financial LLC 0.14% of their portfolio New York, NY 63,05663.1k $2.0m $2.0m 0.14% Added +54.6k +54,633
5 FLOW TRADERS U.S. LLC 0.10% of their portfolio NEW YORK, NY 63,00463.0k $2.0m $2.0m 0.10% Added +51.8k +51,807
6 IMC-Chicago, LLC 0.06% of their portfolio CHICAGO, IL 55,46155.5k $1.8m $1.8m 0.06% Added +38.0k +37,996
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 49,97550.0k $1.6m $1.6m 0.00% Added +19.6k +19,625
8 WOLVERINE TRADING, LLC 0.02% of their portfolio CHICAGO, IL 47,03047.0k $1.5m $1.5m 0.02% Added +41.9k +41,895
9 HHM Wealth Advisors, LLC 0.21% of their portfolio CHATTANOOGA, TN 43,39843.4k $1.4m $1.4m 0.21% New
10 Almanack Investment Partners, LLC. 0.18% of their portfolio WAYNE, PA 33,64433.6k $1.1m $1.1m 0.18% Added +686 +686
11 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 26,06926.1k $546.2k $546.2k 0.00% New
12 Visionary Wealth Advisors 0.03% of their portfolio O'FALLON, IL 14,36514.4k $455.1k $455.1k 0.03% New
13 X-Square Capital, LLC 0.19% of their portfolio GUAYNABO, PR 12,95913.0k $411.0k $411.0k 0.19% Added +2.3k +2,309
14 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 12,49212.5k $395.7k $395.7k 0.00% New
15 Graypoint LLC 0.02% of their portfolio Albany, NY 11,00111.0k $348.5k $348.5k 0.02% Reduced -14.1k -14,125
16 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 10,98011.0k $347.8k $347.8k 0.01% New
17 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,65710.7k $338.0k $338.0k 0.00% Added +86 +86
18 Selway Asset Management 0.13% of their portfolio BOISE, ID 10,00010.0k $316.8k $316.8k 0.13% Added +2.5k +2,500
19 Integrated Advisors Network LLC 0.01% of their portfolio DALLAS, TX 8,4998.5k $269.2k $269.2k 0.01% New
20 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 8,2268.2k $260.6k $260.6k 0.01% New
21 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 8,0008.0k $253.4k $253.4k 0.00% New
22 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 7,2627.3k $230.1k $230.1k 0.00% Reduced -653.6k -653,619
23 Headlands Technologies LLC 0.02% of their portfolio CHICAGO, IL 6,0336.0k $191.1k $191.1k 0.02% Added +5.0k +5,008
24 Interchange Capital Partners, LLC 0.05% of their portfolio PITTSBURGH, PA 4,1194.1k $130.5k $130.5k 0.05% New
25 VitalStone Financial, LLC 0.08% of their portfolio SHAVANO PARK, TX 3,5953.6k $113.9k $113.9k 0.08% Added +2.0k +2,020
26 Redwood Wealth Management Group, LLC 0.08% of their portfolio MEDFORD, NJ 3,4003.4k $107.7k $107.7k 0.08% New
27 SUMMIT SECURITIES GROUP LLC 0.04% of their portfolio NEW YORK, NY 3,1003.1k $98.0k $98.0k 0.04% New
28 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 1,2601.3k $39.9k $39.9k 0.00% New
29 FMR LLC 0.00% of their portfolio BOSTON, MA 230230 $7.3k $7.3k 0.00% New
30 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 150150 $4.2k $4.2k 0.00% New
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $35 $35 0.00% New
32 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged