Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
24 hedge funds and large institutions have $37.5M invested in Direxion Daily MSCI Emerging Markets Bull 3X ETF in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 9 closing their positions.
2.05% less ownership
Funds ownership: 5.56% → 3.5% (-2.1%)
8% less funds holding
Funds holding: 26 → 24 (-2)
22% less call options, than puts
Call options by funds: $30.1M | Put options by funds: $38.6M
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
43% less capital invested
Capital invested by funds: $66.1M → $37.5M (-$28.6M)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$9.55M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$808K |
| 3 |
Barclays
London,
United Kingdom
|
+$682K |
| 4 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$590K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$426K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$17.3M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.6M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.89M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.66M |
| 5 |
Morgan Stanley
New York
|
-$2.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
26
Ionic Capital Management
New York
| – | -$819K | -6,625 | Closed |
|
|
TH
27
Timber Hill
Greenwich,
Connecticut
| – | -$809K | -6,547 | Closed |
|
|
CPSAC
28
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
| – | -$630K | -5,100 | Closed |
|
|
CR
29
Cooperatieve Rabobank
Utrecht,
Netherlands
| – | -$625K | -5,058 | Closed |
|
|
WSTAM
30
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$363K | -2,934 | Closed |
|
31
Franklin Resources
San Mateo,
California
| – | -$223K | -1,800 | Closed |
|
|
IIA
32
IPG Investment Advisors
San Diego,
California
| – | -$218K | -1,768 | Closed |
|
|
PFG
33
Piershale Financial Group
Barrington,
Illinois
| – | +$655 | +5 | New |
|
EDC Hedge Fund Activity: Q3 2014 in Review
24 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) for Q3 2014, worth a combined $37.5M — down 43% from $66.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of EDC and 7 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 5 added.
The largest buyer was Advisors Preferred, opening a new position worth an estimated $9.55M. The largest seller was Credit Suisse, cutting an estimated $17.3M.
- 24 institutional investors held Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) as of Q3 2014, down from 26 in Q2 2014.
- Funds reported $37.5M of Direxion Daily MSCI Emerging Markets Bull 3X ETF stock for Q3 2014, down 43% quarter-over-quarter.
- 7 funds opened new Direxion Daily MSCI Emerging Markets Bull 3X ETF positions in Q3 2014 and 9 closed out, a net change of -2 holders.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF buyer in Q3 2014 was Advisors Preferred, an estimated $9.55M added.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF seller in Q3 2014 was Credit Suisse, an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2014.