Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF
DRIP
15 hedge funds and large institutions have $2.83M invested in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 7 closing their positions.
139% more call options, than puts
Call options by funds: $2.77M | Put options by funds: $1.16M
1.21% less ownership
Funds ownership: 1.69% → 0.47% (-1.2%)
17% less funds holding
Funds holding: 18 → 15 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
82% less capital invested
Capital invested by funds: $15.5M → $2.83M (-$12.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$320K |
| 2 |
DWM
Drive Wealth Management
Lehi,
Utah
|
+$246K |
| 3 |
Jane Street
New York
|
+$159K |
| 4 |
Goldman Sachs
New York
|
+$149K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$1.45K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$7.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.58M |
| 3 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$972K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$585K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$356K |
DRIP Hedge Fund Activity: Q1 2023 in Review
15 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF (DRIP) for Q1 2023, worth a combined $2.83M — down 82% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DRIP and 4 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 3 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $320K. The largest seller was Trek Financial, exiting entirely with an estimated $7.3M sold.
- 15 institutional investors held Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF (DRIP) as of Q1 2023, down from 18 in Q4 2022.
- Funds reported $2.83M of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF stock for Q1 2023, down 82% quarter-over-quarter.
- 4 funds opened new Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF positions in Q1 2023 and 7 closed out, a net change of -3 holders.
- The largest Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF buyer in Q1 2023 was Susquehanna International Group, an estimated $320K added.
- The largest Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF seller in Q1 2023 was Trek Financial, an estimated $7.3M sold.
Based on aggregated 13F filings for Q1 2023.