WEBs Defined Volatility SPY ETF (DVSP)

• Market cap: $2.09M

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

39.47% less ownership

Funds ownership: 39.98% [Q1] → 0.51% (-39.47%) [Q2]

50% less funds holding

Funds holding: 2 [Q1] → 1 (-1) [Q2]

99% less capital invested

Capital invested by funds: $857K [Q1] → $9.55K (-$847K) [Q2]

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 1

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1