Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
26 hedge funds and large institutions have $20.5M invested in Direxion Daily MSCI Emerging Markets Bull 3X ETF in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 9 closing their positions.
6.98% more ownership
Funds ownership: 3.81% → 10.79% (+7%)
4% less funds holding
Funds holding: 27 → 26 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
12% less call options, than puts
Call options by funds: $13.2M | Put options by funds: $15M
16% less capital invested
Capital invested by funds: $24.5M → $20.5M (-$3.98M)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$584K |
| 3 |
TFA
Toth Financial Advisory
Leesburg,
Virginia
|
+$532K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$522K |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$360K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$5.43M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.21M |
| 3 |
Morgan Stanley
New York
|
-$526K |
| 4 |
VF
Virtu Financial
New York
|
-$493K |
| 5 |
EWA
Exencial Wealth Advisors
Oklahoma City,
Oklahoma
|
-$416K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWA
26
Exencial Wealth Advisors
Oklahoma City,
Oklahoma
| – | -$416K | -11,805 | Closed |
|
|
VF
27
Virtu Financial
New York
| – | -$493K | -10,713 | Closed |
|
28
VanEck Associates
New York
| – | -$403K | -8,750 | Closed |
|
29
Citadel Advisors
Miami,
Florida
| – | -$291K | -6,316 | Closed |
|
|
GW
30
GW & Wade
Wellesley,
Massachusetts
| – | -$137K | -2,981 | Closed |
|
|
AC
31
AFAM Capital
Austin,
Texas
| – | -$136K | -2,961 | Closed |
|
32
Simplex Trading
Chicago,
Illinois
| – | -$37K | -805 | Closed |
|
33
US Bancorp
Minneapolis,
Minnesota
| – | -$2K | -42 | Closed |
|
34
UBS Group
Zurich,
Switzerland
| – | -$40 | -1 | -10% |
|
35
Wells Fargo
San Francisco,
California
| – | +$40 | +1 | New |
|
EDC Hedge Fund Activity: Q1 2016 in Review
26 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) for Q1 2016, worth a combined $20.5M — down 16% from $24.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of EDC and 8 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 7 added.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $2M. The largest seller was Gramercy Funds Management, cutting an estimated $5.43M.
- 26 institutional investors held Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) as of Q1 2016, down from 27 in Q4 2015.
- Funds reported $20.5M of Direxion Daily MSCI Emerging Markets Bull 3X ETF stock for Q1 2016, down 16% quarter-over-quarter.
- 8 funds opened new Direxion Daily MSCI Emerging Markets Bull 3X ETF positions in Q1 2016 and 9 closed out, a net change of -1 holder.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF buyer in Q1 2016 was BNP Paribas Financial Markets, an estimated $2M added.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF seller in Q1 2016 was Gramercy Funds Management, an estimated $5.43M sold.
Based on aggregated 13F filings for Q1 2016.