Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
20 hedge funds and large institutions have $25.1M invested in Direxion Daily MSCI Emerging Markets Bull 3X ETF in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 8 closing their positions.
8% more call options, than puts
Call options by funds: $16.4M | Put options by funds: $15.2M
1.47% less ownership
Funds ownership: 17.47% → 15.99% (-1.5%)
10% less capital invested
Capital invested by funds: $28M → $25.1M (-$2.86M)
17% less funds holding
Funds holding: 24 → 20 (-4)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.04M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.67M |
| 3 |
TFA
Toth Financial Advisory
Leesburg,
Virginia
|
+$1.22M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.15M |
| 5 |
AC
AFAM Capital
Austin,
Texas
|
+$184K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$8.19M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.9M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
-$1.87M |
| 4 |
VF
Virtu Financial
New York
|
-$1.52M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KC
26
Kingfisher Capital
Charlotte,
North Carolina
| – | -$668K | -12,637 | Closed |
|
|
TSS
27
Two Sigma Securities
New York
| – | -$389K | -7,354 | Closed |
|
28
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$328K | -6,200 | Closed |
|
EDC Hedge Fund Activity: Q1 2017 in Review
20 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) for Q1 2017, worth a combined $25.1M — down 10% from $28M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of EDC and 4 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 4 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $4.04M. The largest seller was Gramercy Funds Management, exiting entirely with an estimated $8.19M sold.
- 20 institutional investors held Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) as of Q1 2017, down from 24 in Q4 2016.
- Funds reported $25.1M of Direxion Daily MSCI Emerging Markets Bull 3X ETF stock for Q1 2017, down 10% quarter-over-quarter.
- 4 funds opened new Direxion Daily MSCI Emerging Markets Bull 3X ETF positions in Q1 2017 and 8 closed out, a net change of -4 holders.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF buyer in Q1 2017 was Citadel Advisors, an estimated $4.04M added.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF seller in Q1 2017 was Gramercy Funds Management, an estimated $8.19M sold.
Based on aggregated 13F filings for Q1 2017.