Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
24 hedge funds and large institutions have $28M invested in Direxion Daily MSCI Emerging Markets Bull 3X ETF in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 11 closing their positions.
80% more call options, than puts
Call options by funds: $16.8M | Put options by funds: $9.34M
2.26% more ownership
Funds ownership: 15.2% → 17.47% (+2.3%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
13% less capital invested
Capital invested by funds: $32.3M → $28M (-$4.36M)
20% less funds holding
Funds holding: 30 → 24 (-6)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$7.72M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.23M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
+$1.59M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$1.13M |
| 5 |
Morgan Stanley
New York
|
+$452K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.86M |
| 2 |
Jane Street
New York
|
-$2.2M |
| 3 |
TFA
Toth Financial Advisory
Leesburg,
Virginia
|
-$1.25M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.19M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$975K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Envestnet Asset Management
Chicago,
Illinois
| – | -$1.19M | -18,341 | Closed |
|
|
27
Simplex Trading
Chicago,
Illinois
| – | -$975K | -15,052 | Closed |
|
|
CPSAC
28
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
| – | -$272K | -11,956 | Closed |
|
|
TAM
29
Tocqueville Asset Management
New York
| – | -$745K | -11,500 | Closed |
|
|
FTUS
30
Flow Traders U.S.
New York
| – | -$591K | -9,129 | Closed |
|
|
CS
31
Credit Suisse
Zurich,
Switzerland
| – | -$402K | -6,202 | Closed |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$45K | -690 | Closed |
|
|
FANJ
33
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$29K | -450 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$25K | -386 | Closed |
|
35
Walleye Trading
New York
| – | -$3.89K | -68 | Closed |
|
EDC Hedge Fund Activity: Q4 2016 in Review
24 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) for Q4 2016, worth a combined $28M — down 13% from $32.3M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of EDC and 5 opened new positions — a net loss of 6 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Gramercy Funds Management, adding an estimated $7.72M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $2.86M.
- 24 institutional investors held Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) as of Q4 2016, down from 30 in Q3 2016.
- Funds reported $28M of Direxion Daily MSCI Emerging Markets Bull 3X ETF stock for Q4 2016, down 13% quarter-over-quarter.
- 5 funds opened new Direxion Daily MSCI Emerging Markets Bull 3X ETF positions in Q4 2016 and 11 closed out, a net change of -6 holders.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF buyer in Q4 2016 was Gramercy Funds Management, an estimated $7.72M added.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF seller in Q4 2016 was BNP Paribas Financial Markets, an estimated $2.86M sold.
Based on aggregated 13F filings for Q4 2016.