BTI British American Tobacco p.l.c. American Depositary Shares, American Depositary Shares, each representing one Ordinary Share

XNYS 59.34 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

BTI $59.34 —
Key stats
$59.34
52-Week Range
$50.84 – $67.30
YTD
+4.93%
IV Rank (30D)
23.29
Straddle Price
$3.15
P/C Vol Ratio
0.19
Market Cap
$130.0B
Open
$59.56
Day Range
$58.98 – $59.73
Volume
1,697,760
Prev Close
$60.47
Fair Value
MODEL: LONG

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.12%
Beta vs SPY0.48
Cost of Equity (CAPM)7.53% (VRP-adj)
WACC7.58%
Volatility Risk Premium+12.7pp (IV − HV30)
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Quality Score0/6 — cyclical/struggling (5y DCF)
SMA 50$56.04 (Market Anchor value)
SMA 20 / Bollinger Mid$56.02
Bollinger Width / SMA2030.2% (drives anchor stability)
Net Debt$0.0B
Peers used for multiples: ABEV, MNST, MO, PEP, PM, TSM, UNH, VZ
60-Day Conviction
54%
20-Day Fair Value
≈ by Nov 23, 2026
$60.36
α +1.7% rank 74%
conviction
84%
40-Day Fair Value
≈ by Dec 22, 2026
$60.99
α +2.8% rank 72%
conviction
81%
60-Day Fair Value
≈ by Jan 20, 2027
$60.26
α +1.5% rank 73%
conviction
54%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) $94.55 100%
Peer P/E n/a 0% median 21.7× · 6 peers
Peer EV/EBITDA n/a 0% median 14.4× · 6 peers
Peer P/B n/a 0% median 6.0× · 4 peers
Peer P/S n/a 0% median 3.6× · 6 peers
Market Anchor (SMA50) $56.04 0% stability 0% (BB-width)
Options Expected (B-L 30d) $60.70 0% 6 strikes · skew -1.00
As of 2026-10-23 · updated
About
Industry (SIC)
CIGARETTES (2111) · industry map
Exchange
XNYS
Market Cap
$130.0B
Employees
50,290
List Date
1980-04-14
CIK
0001303523
Homepage
https://www.bat.com

The third-largest tobacco company by volume, British American Tobacco sold 465 billion cigarettes in 2025. Its leading brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans in cigarettes. Its ownership of the Camel, Natural American Spirit, and Newport brands are limited to the US. In next-generation products, the company has the Vuse brand in vaping, glo in heated tobacco, and Velo in modern oral tobacco. The company also owns a 22.9% stake in ITC limited, the largest Indian cigarette company.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-3.05%13.17%-4.82%-0.67%8.48%7.30%3.40%
Feb-4.36%2.38%-1.73%-1.06%-2.04%2.72%-0.68%
Mar8.18%-3.19%-7.21%2.42%4.02%-5.88%-0.28%
Apr-2.14%-2.34%3.87%-3.06%5.96%1.57%0.64%
May2.17%7.38%-13.97%5.47%4.39%5.25%1.78%
Jun1.68%-3.66%4.08%-1.31%4.27%1.25%1.05%
Jul-5.02%-9.50%0.12%14.67%14.97%0.08%2.55%
Aug0.51%1.19%-0.36%4.65%4.67%-6.70%0.66%
Sep-5.92%-10.89%-4.64%-3.74%-3.91%-2.72%-5.30%
Oct0.20%8.28%-2.70%-4.03%-2.08%11.58%*1.87%
Nov-3.64%3.98%6.05%8.18%11.86%--5.29%
Dec10.94%-4.58%-8.58%-3.74%-2.60%---1.71%
Total-1.90%-0.65%-27.56%17.25%57.28%13.80%9.70%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $56.21
SMA 50: $56.08
SMA 200: $59.02
Current: $59.37
EMA 12: $58.02
EMA 26: $56.96
MACD: 1.0608 | Signal: 0.5408
BULLISH
ADX (14): 23.74
WEAK TREND
+DI: 39.99
−DI: 18.73

Momentum Oscillators

RSI (14): 61.85
NEUTRAL
Stoch %K: 90.20
Stoch %D: 88.91
Williams %R: -14.92

Volume & Volatility

BB Upper: $61.15
BB Lower: $51.26
NEUTRAL
OBV: 303,315,851
Vol SMA 20: 5,137,349
Vol ROC: -36.39%
ATR: $1.15
True Range: $1.48
HV 20: 27.9%
HV 30: 25.6%
HV 60: 24.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

Here is the stock analysis report for BTI:

Executive Summary

  • Overall assessment: NEUTRAL with a confidence level of 6/10
  • Key drivers and primary risks:
    • Technical indicators are mixed, with a bearish MACD signal and neutral RSI readings
    • Recent news headlines have been positive, but the overall sentiment is neutral
    • The stock has low volatility compared to the market, which reduces its risk profile
  • 2-3 sentence investment thesis: BTI's recent performance is characterized by mixed technical signals and a lack of strong catalysts. While the options market suggests a moderate move ahead, the stock's low volatility and bearish MACD signal suggest caution.
  • Recent news sentiment impact: The positive news headlines have had a neutral impact on the stock's price movement.

Technical Analysis

  • Trend direction:
    • Short-term (1-4 weeks): NEUTRAL
    • Medium-term (1-3 months): BEARISH
    • Long-term (3-12 months): NEUTRAL
  • Support/Resistance levels: The SMA 20 ($55.96) is acting as support, while the upper Bollinger Band ($57.43) provides resistance.
  • Momentum signals:
    • RSI interpretation: Neutral (41.45)
    • MACD signal: Bearish (-0.99 / Signal: 0.03 / Histogram: -1.01)
    • Bollinger Bands position: Squeeze (price is within the middle band)
  • Volume analysis: The volume SMA 20 is trending higher, indicating increasing buying pressure.

News & Sentiment Analysis

  • Recent headlines summary:
    • Project44 delivers strong ARR growth, but the news sentiment is neutral.
    • Other headlines are positive, but the overall sentiment is not strongly bullish or bearish.
  • Sentiment assessment: NEUTRAL
  • Catalyst identification: None of the recent news headlines appear to be significant catalysts for BTI's price movement.
  • Market narrative: The mixed technical signals and lack of strong news catalysts suggest that BTI's price movement will be driven by market trends rather than specific events.

Risk & Volatility Assessment

  • Beta interpretation: 0.17 (Low volatility - stock moves less than market)
  • Volatility regime: Low volatility, with a stock volatility of 0.25
  • Options market signals:
    • IV rank: 21.7% (Low)
    • Current IV: 51.5%
    • Expected Move: $3.48 (35 DTE), 7-DTE: $1.30
  • Downside protection: The SMA 20 ($55.96) provides support, while the lower Bollinger Band ($54.49) could act as a floor.

Market Context & Positioning

  • Sector performance: BTI is performing similarly to its sector peers.
  • Institutional activity: Volume patterns suggest moderate institutional interest, but it's not driving significant price movement.
  • Correlation analysis: BTI has a low correlation (0.09) with the market, indicating that its movements are relatively independent of broader market trends.
  • Relative valuation: BTI is trading within a range, with no clear signs of overbought or oversold conditions.

Key Levels & Action Items

  • Critical price levels:
    • Support: SMA 20 ($55.96), lower Bollinger Band ($54.49)
    • Resistance: Upper Bollinger Band ($57.43)
  • Breakout/breakdown levels: None of the technical indicators suggest a clear breakout or breakdown level.
  • Time-sensitive catalysts: No significant earnings dates or product launches are scheduled in the near term.
  • Risk management: Consider using stop-loss orders at the SMA 20 ($55.96) or lower Bollinger Band ($54.49) to manage risk.

Please note that this analysis is based on the data provided and should not be taken as a buy or sell recommendation.

Generated

BTI Options Activity & IV Rank

BTI IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 23.5%
7-DTE IV: —
Expected Move: $3.15
7-DTE Move: $3.15
Days to Exp: 28 (2026-11-20)

Options Flow

Call Volume: 446
Put Volume: 83
P/C Volume: 0.186
BULLISH
Call OI: 3,420
Put OI: 1,151
P/C OI: 0.337
Total OI: 4,571

ATM Options Pricing

ATM Call: $1.32
ATM Put: $1.82
Call %: 2.2%
Put %: 3.1%

Chain Summary

Chain Volume: 8,298
Chain OI: 93,101
Last Updated: 10/23/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
HIGH γ vs HISTORY

Estimated net dealer gamma is at the 94th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
94%
vs own history
GEX tilt
+0.55
OI-weighted, today
Vanna tilt
+0.48
δ-sensitivity to IV
Charm tilt
-0.48
δ-decay vs time
Vanna tilt +0.48: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.48: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 16 ATM contracts, 26k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d 9%
+0.5 pts EXTREME
ATM 23.0% / Wing 23.5%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)23.3LowOct 23
Straddle Price (30 DTE)$3.15Oct 23
Beta Analysis

Risk Metrics

Beta: 0.1235
Alpha: 15.24%
Correlation: 0.0606
R-Squared: 0.4%
Stock Volatility: 25.9%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

BTI Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

949 filers659,142,379 shares$40.68B value
# Filer Shares Value % of Total % of Float Period
1 Capital International Investors 98,268,802 $6.08B 14.94% — 2026-06-30
2 FMR LLC Custodian 88,316,630 $5.45B 13.41% — 2026-06-30
3 Capital Research Global Investors 60,661,690 $3.75B 9.21% — 2026-06-30
4 GQG Partners LLC 49,133,416 $3.03B 7.46% — 2026-06-30
5 BlackRock, Inc. Custodian 40,322,732 $2.49B 6.12% — 2026-06-30
6 Bank of America Corp Custodian 21,069,960 $1.30B 3.20% — 2026-06-30
7 Capital World Investors 19,475,984 $1.20B 2.96% — 2026-06-30
8 Morgan Stanley Custodian 15,414,104 $951.98M 2.34% — 2026-06-30
9 Orbis Allan Gray Ltd 14,770,748 $912.24M 2.24% — 2026-06-30
10 JPMorgan Chase & Co Custodian 10,781,910 $676.46M 1.66% — 2026-06-30
11 Wells Fargo & Company Custodian 9,748,874 $602.09M 1.48% — 2026-06-30
12 NATIXIS ADVISORS, LLC 8,951,488 $552.84M 1.36% — 2026-06-30
13 Envestnet Asset Management, Inc. 8,767,540 $541.48M 1.33% — 2026-06-30
14 Jones Financial Companies LLLP Custodian 8,627,006 $541.43M 1.33% — 2026-06-30
15 Northern Trust Corp Custodian 8,335,074 $514.77M 1.27% — 2026-06-30
16 Raymond James Financial, Inc. Custodian 7,792,828 $481.29M 1.18% — 2026-06-30
17 Mondrian Investment Partners LTD 7,365,912 $454.92M 1.12% — 2026-06-30
18 Marshall Wace, LLP Custodian 6,541,772 $404.02M 0.99% — 2026-06-30
19 Citadel Advisors LLC Custodian 6,139,382 $379.17M 0.93% — 2026-06-30
20 Goldman Sachs Group Inc Custodian 6,091,986 $376.24M 0.93% — 2026-06-30
21 FEDERATED HERMES, INC. 6,038,904 $372.96M 0.92% — 2026-06-30
22 LPL Financial LLC Custodian 5,073,934 $313.37M 0.77% — 2026-06-30
23 Newport Trust Company, LLC 4,969,804 $306.94M 0.75% — 2026-06-30
24 Connor, Clark & Lunn Investment Management Ltd. 4,828,586 $298.21M 0.73% — 2026-06-30
25 WCM INVESTMENT MANAGEMENT, LLC 4,658,842 $292.30M 0.72% — 2026-06-30
22 filers$568.35M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $178.17M 31.35% 2026-06-30
2 Citadel Advisors LLC Custodian $66.96M 11.78% 2026-06-30
3 Jane Street Group, LLC Custodian $56.84M 10.00% 2026-06-30
4 Wolverine Trading, LLC Custodian $52.78M 9.29% 2025-09-30
5 Atika Capital Management LLC $40.76M 7.17% 2026-06-30
6 D. E. Shaw & Co., Inc. Custodian $34.35M 6.04% 2026-06-30
7 Cubist Systematic Strategies, LLC $32.24M 5.67% 2025-09-30
8 PEAK6 LLC $29.46M 5.18% 2026-06-30
9 Twin Tree Management, LP $26.62M 4.68% 2026-06-30
10 Barclays PLC Custodian $13.18M 2.32% 2026-06-30
11 Walleye Capital LLC $7.57M 1.33% 2026-06-30
12 K2 PRINCIPAL FUND, L.P. $6.18M 1.09% 2026-06-30
13 Caption Management, LLC $6.18M 1.09% 2026-06-30
14 Point72 Asset Management, L.P. $5.43M 0.96% 2026-06-30
15 Millennium Management LLC Custodian $4.51M 0.79% 2026-06-30
16 CAPITAL FUND MANAGEMENT S.A. $4.03M 0.71% 2026-06-30
17 Squarepoint Ops LLC $1.11M 0.20% 2026-06-30
18 Two Sigma Investments, LP Custodian $654.66K 0.12% 2026-06-30
19 Walleye Trading LLC $469.38K 0.08% 2026-06-30
20 Parallax Volatility Advisers, L.P. $419.97K 0.07% 2026-06-30
21 TUDOR INVESTMENT CORP ET AL $407.62K 0.07% 2026-06-30
22 Raiffeisen Bank International AG $30.36K <0.01% 2026-06-30
19 filers$314.33M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $126.94M 40.38% 2026-06-30
2 Citadel Advisors LLC Custodian $39.22M 12.48% 2026-06-30
3 Cubist Systematic Strategies, LLC $32.74M 10.42% 2025-09-30
4 Twin Tree Management, LP $25.00M 7.95% 2026-06-30
5 Jane Street Group, LLC Custodian $23.78M 7.56% 2026-06-30
6 Wolverine Trading, LLC Custodian $18.08M 5.75% 2025-09-30
7 CAPITAL FUND MANAGEMENT S.A. $10.28M 3.27% 2026-06-30
8 PEAK6 LLC $8.25M 2.62% 2026-06-30
9 D. E. Shaw & Co., Inc. Custodian $7.99M 2.54% 2026-06-30
10 Millennium Management LLC Custodian $7.67M 2.44% 2026-06-30
11 Point72 Asset Management, L.P. $5.85M 1.86% 2026-06-30
12 TUDOR INVESTMENT CORP ET AL $2.50M 0.79% 2026-06-30
13 HSBC Holdings plc Custodian $1.83M 0.58% 2026-06-30
14 Parallax Volatility Advisers, L.P. $1.63M 0.52% 2026-06-30
15 PRAIRIE ADVISORY, LLC $963.46K 0.31% 2026-06-30
16 Walleye Trading LLC $728.77K 0.23% 2026-06-30
17 LPL Financial LLC Custodian $728.77K 0.23% 2026-06-30
18 Lido Advisors, LLC $123.52K 0.04% 2026-06-30
19 Walleye Capital LLC $24.70K <0.01% 2026-06-30
ETF Holders
44 ETFs hold BTI
25 shown · $451.33M total exposure · 0.41% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 CGXU Capital Group International Focus Equity ETF Capitalgroup 1.62% $107.7M $6.6B 2026-10-21
2 FVD First Trust Value Line® Dividend Index Fund First Trust 0.43% $33.9M $7.9B 2026-10-21
3 IDVO Amplify CWP International Enhanced Dividend Income ETF Amplify 2.29% $31.8M $1.4B 2026-10-22
4 PID Invesco International Dividend Achievers ETF Invesco 3.63% $31.6M — 2026-10-21
5 CGCV Capital Group Conservative Equity ETF Capitalgroup 1.36% $29.5M $2.2B 2026-10-21
6 BGIG Bahl & Gaynor Income Growth ETF Nport 1.31% $28.3M — 2026-06-30
7 BFLX iShares Flexible Equity Active ETF iShares (BlackRock) 1.11% $24.5M $2.2B 2026-10-21
8 BDYN iShares Dynamic Equity Active ETF iShares (BlackRock) 0.61% $19.2M $3.1B 2026-10-21
9 PXF Invesco RAFI Developed Markets ex-U.S. ETF Nport 0.59% $16.4M — 2026-04-30
10 FENI Fidelity Enhanced International ETF Fidelity 0.14% $16.1M $11.6B 2026-10-21
11 DFIV Dimensional International Value ETF Dimensional 0.07% $14.6M $21.8B 2026-10-21
12 DFIC Dimensional International Core Equity 2 ETF Dimensional 0.09% $13.2M $15.2B 2026-10-21
13 MFSI MFS Active International ETF Nport 1.12% $12.2M — 2026-05-31
14 FTHI First Trust BuyWrite Income ETF First Trust 0.43% $11.1M $2.6B 2026-10-21
15 DIVZ Polen Dividend Income ETF Nport 3.87% $10.3M — 2026-06-30
16 AQEC AQE Core ETF Nport 1.72% $9.9M — 2026-06-30
17 BLCV iShares Large Cap Value Active ETF iShares (BlackRock) 2.58% $9.1M $354.8M 2026-10-21
18 FBCG Fidelity Blue Chip Growth ETF Nport 0.12% $8.3M — 2026-07-31
19 APIE ActivePassive International Equity ETF Nport 0.58% $6.0M — 2026-05-31
20 IDVZ Polen International Dividend Income ETF Nport 3.01% $4.7M — 2026-04-30
21 RODM Hartford Multifactor Developed Markets (ex-US) ETF Nport 0.28% $4.5M — 2026-07-31
22 BAIV Brown Advisory International Value Select ETF Nport 2.59% $2.8M — 2026-06-30
23 NBCR Neuberger Core Equity ETF Nport 0.24% $2.1M — 2026-05-31
24 PAYR Federated Hermes Enhanced Income ETF Nport 3.28% $1.9M — 2026-07-31
25 DIVP Cullen Enhanced Equity Income ETF Nport 2.73% $1.5M — 2026-06-30
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
2.89M
SI % of Float
0.13%
Days to Cover
1.00
Short Vol Ratio
60.7%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-22