Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
26 hedge funds and large institutions have $51.3M invested in Direxion Daily MSCI Emerging Markets Bull 3X ETF in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
18% more funds holding
Funds holding: 22 → 26 (+4)
3.68% less ownership
Funds ownership: 8.1% → 4.42% (-3.7%)
11% less call options, than puts
Call options by funds: $33.3M | Put options by funds: $37.3M
36% less capital invested
Capital invested by funds: $80.6M → $51.3M (-$29.2M)
62% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.16M |
| 2 |
KC
Kingfisher Capital
Charlotte,
North Carolina
|
+$1.35M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$985K |
| 4 |
Goldman Sachs
New York
|
+$438K |
| 5 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
+$312K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$15.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$14M |
| 3 |
VF
Virtu Financial
New York
|
-$6.16M |
| 4 |
Citigroup
New York
|
-$3.76M |
| 5 |
Barclays
London,
United Kingdom
|
-$1.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $3K | +$2.4K | +24 | New |
|
|
VF
27
Virtu Financial
New York
| – | -$6.16M | -65,824 | Closed |
|
28
Two Sigma Advisers
New York
| – | -$212K | -2,266 | Closed |
|
|
OWP
29
Obermeyer Wealth Partners
Aspen,
Colorado
| – | -$9K | -93 | Closed |
|
EDC Hedge Fund Activity: Q3 2013 in Review
26 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) for Q3 2013, worth a combined $51.3M — down 36% from $80.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new EDC positions and 3 closed out — a net gain of 4 holders — while 5 added to existing stakes and 13 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $2.16M. The largest seller was Credit Suisse, cutting an estimated $15.7M.
- 26 institutional investors held Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) as of Q3 2013, up from 22 in Q2 2013.
- Funds reported $51.3M of Direxion Daily MSCI Emerging Markets Bull 3X ETF stock for Q3 2013, down 36% quarter-over-quarter.
- 7 funds opened new Direxion Daily MSCI Emerging Markets Bull 3X ETF positions in Q3 2013 and 3 closed out, a net change of +4 holders.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF buyer in Q3 2013 was Envestnet Asset Management, an estimated $2.16M added.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF seller in Q3 2013 was Credit Suisse, an estimated $15.7M sold.
Based on aggregated 13F filings for Q3 2013.