QBUL TrueShares Quarterly Bull Hedge ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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TrueShares Quarterly Bull Hedge ETF (QBUL) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-06-28
- Has Options
- No
- Expense ratio
- 0.79% prospectus, filed Feb 27, 2026
- Assets
- $13M shares × price, Oct 26, 2026
- Trailing yield
- 8.85% paid annual
- Average daily volume
- $163K 30 sessions
- Holdings
- 14 top 10 are 99.5%
- Listed
- Jun 28, 2024 Cboe BZX
Moves with. US large-cap stocks (8% of its variance, beta 0.19). These factors explain 9% of its daily moves over the last year, so most of what drives this fund is something else.
Stated objective. The investment objective of TrueShares Quarterly Bull Hedge ETF (the Fund) is total return with substantial protection of principal. (from the fund's prospectus)
All 14 holdingsFlow historyOverlap toolAll Treasury Bills & Floating ETFs
- Jul 2026
- +$8.0M latest reported month
- Latest 3 months
- +$11M +39.3% of assets
- Latest 12 months
- +$11M +37.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$8.0M |
| Jun 2026 | −$4.1M |
| May 2026 | +$7.1M |
| Apr 2026 | +$2.1M |
| Mar 2026 | +$5.7M |
| Feb 2026 | −$5.2M |
| Jan 2026 | +$475K |
| Dec 2025 | +$4.9M |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | −$1.3M |
| Aug 2025 | −$7.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 27 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SGOViShares 0-3 Month Treasury Bond ETF | — | 0.09% | $116.9B | +0.1% | compare |
| BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF | — | 0.14% | $51.3B | −0.0% | compare |
| SHViShares Trust iShares 0-1 Year Treasury Bond ETF | — | 0.15% | $22.2B | −0.1% | compare |
| USFRWisdomTree Floating Rate Treasury Fund | — | 0.15% | $21.1B | +0.3% | compare |
| VBILVanguard 0-3 Month Treasury Bill ETF | — | 0.06% | $9.3B | +0.2% | compare |
The largest other funds in the Treasury Bills & Floating category.
- Authorized participants
- 4 active of 4 with agreements; top 3 did 99%
- Created · redeemed
- $18M · $56M over the fiscal year
- Redemptions in kind
- -0% creations 1% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-24 | 2025-12-26 | $2.1280 | CD |
| 2024-12-27 | 2024-12-30 | $0.4494 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Treasury Bill | 33.13% | Debt | US |
| — | Treasury Bill | 33.03% | Debt | US |
| — | Treasury Bill | 32.94% | Debt | US |
| — | The Options Clearing Corp | 0.16% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.10% | Derivative (equity) | US |
| — | STATE STREET INSTITUTIONAL US | 0.08% | Short-term investment | US |
| — | The Options Clearing Corp | 0.05% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.03% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.03% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.02% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.01% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.01% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.00% | Derivative (equity) | US |
| — | The Options Clearing Corp | 0.00% | Derivative (equity) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 99.10% | $27.6M | 3 |
| Derivative (equity) | 0.42% | $115829 | 10 |
| Short-term investment | 0.08% | $21333 | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.47% | 0.21% | 0.34% |
| Feb | -- | -0.45% | -0.67% | -0.56% |
| Mar | -- | 0.12% | -0.59% | -0.23% |
| Apr | -- | -0.23% | 1.73% | 0.75% |
| May | -- | 1.37% | 1.41% | 1.39% |
| Jun | -- | 1.21% | -1.19% | 0.01% |
| Jul | 0.66% | 0.51% | -0.23% | 0.31% |
| Aug | 0.50% | 1.05% | -0.01% | 0.51% |
| Sep | 0.36% | 1.90% | 0.01% | 0.76% |
| Oct | 0.03% | 0.37% | 0.02%* | 0.14% |
| Nov | 1.36% | -0.80% | -- | 0.28% |
| Dec | -3.28% | -8.22% | -- | -5.75% |
| Total | -0.44% | -3.06% | 0.66% | -0.95% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: QBUL
Executive Summary
Overall assessment: NEUTRAL with a confidence level of 6 out of 10.
Key drivers:
- Strong technical momentum, as indicated by the MACD signal line crossing above the zero line.
- The stock has been trading within a range-bound environment, with no clear direction or trend established.
- Low volatility, indicating reduced risk for investors.
Primary risks:
- Lack of recent news catalysts to drive price movements.
- The stock is trading below its 50-day simple moving average (SMA), which could pose a challenge for bulls.
- Medium-term technical indicators, such as the RSI and Stochastic %K, are flashing neutral signals, suggesting no clear momentum.
Investment thesis:
The stock's recent price action has been influenced by strong technical momentum, but the lack of recent news catalysts may impact its short-term direction. The low volatility environment reduces risk for investors, making it an attractive opportunity for those looking to take a long-term view.
Recent news sentiment impact:
No recent news headlines available; therefore, no impact assessment can be made.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bullish
- Medium-term (1-3 months): Neutral
- Long-term (3-12 months): Bullish
Support/Resistance Levels:
- Upper Bollinger Band: $24.45
- Lower Bollinger Band: $24.03
- 50-day SMA: $23.96
Momentum Signals:
- RSI (14): 67.14 (neutral)
- MACD signal line crossing above the zero line (bullish)
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available.
Sentiment Assessment: Neutral, as no clear sentiment can be determined without recent news.
Catalyst Identification: No upcoming earnings or events to drive price movements.
Market Narrative: The lack of recent news catalysts may impact the stock's short-term direction, but the technical momentum remains strong.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta = 0.20).
Volatility Regime: Low volatility environment (historical volatility: HV30 4.1%).
Options Market Signals: No options data available.
Downside Protection: Support levels at $24.03 and $23.96, with a stop-loss level consideration at the lower Bollinger Band ($24.03).
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: Neutral.
Institutional Activity: No institutional activity data available.
Correlation Analysis: The stock moves less than the market (R-squared interpretation: 0.27).
Relative Valuation: Trading within a range-bound environment, with no clear direction or trend established.
Key Levels & Action Items
- Critical Price Levels:
- Upper Bollinger Band: $24.45
- Lower Bollinger Band: $24.03
- Breakout/Breakdown Levels:
- 50-day SMA: $23.96
- Time-Sensitive Catalysts: No upcoming earnings or events.
- Risk Management: Consider a stop-loss level at the lower Bollinger Band ($24.03) and monitor volume patterns.
Overall, QBUL presents an attractive opportunity for investors seeking to take a long-term view. The technical momentum remains strong, but the lack of recent news catalysts may impact its short-term direction. A risk management strategy, including stop-loss levels and position sizing considerations, is recommended.
QBUL Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
IV(put wing) − IV(ATM), in vol pointsHow 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.
IV(call wing) − IV(put wing), equal delta on each sideWhich 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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 250
Period: 252 trading days
Low volatility - stock moves less than market
QBUL Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional 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.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
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Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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