Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
25 hedge funds and large institutions have $19.8M invested in Direxion Daily MSCI Emerging Markets Bull 3X ETF in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 10 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
20% more call options, than puts
Call options by funds: $27.2M | Put options by funds: $22.8M
1.5% less ownership
Funds ownership: 9.6% → 8.11% (-1.5%)
11% less funds holding
Funds holding: 28 → 25 (-3)
16% less capital invested
Capital invested by funds: $23.5M → $19.8M (-$3.71M)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGM
Skye Global Management
West Palm Beach,
Florida
|
+$2.38M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.28M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$1.39M |
| 4 |
SG Americas Securities
New York
|
+$771K |
| 5 |
Morgan Stanley
New York
|
+$457K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$4.96M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.06M |
| 3 |
VF
Virtu Financial
New York
|
-$856K |
| 4 |
Goldman Sachs
New York
|
-$466K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$273K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Citadel Advisors
Miami,
Florida
| – | -$4.96M | -56,241 | Closed |
|
|
VF
27
Virtu Financial
New York
| – | -$856K | -9,418 | Closed |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$273K | -3,100 | Closed |
|
|
XS
29
XR Securities
Chicago,
Illinois
| – | -$226K | -2,482 | Closed |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$108K | -1,185 | Closed |
|
|
STA
31
Summit Trail Advisors
New York
| – | -$57K | -630 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$19K | -208 | Closed |
|
33
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$5K | -59 | Closed |
|
|
HR
34
Howe & Rusling
Rochester,
New York
| – | -$1K | -10 | Closed |
|
35
Wells Fargo
San Francisco,
California
| – | -$88 | -1 | Closed |
|
EDC Hedge Fund Activity: Q3 2018 in Review
25 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) for Q3 2018, worth a combined $19.8M — down 16% from $23.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of EDC and 7 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 11 added.
The largest buyer was Skye Global Management, opening a new position worth an estimated $2.38M. The largest seller was Citadel Advisors, exiting entirely with an estimated $4.96M sold.
- 25 institutional investors held Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) as of Q3 2018, down from 28 in Q2 2018.
- Funds reported $19.8M of Direxion Daily MSCI Emerging Markets Bull 3X ETF stock for Q3 2018, down 16% quarter-over-quarter.
- 7 funds opened new Direxion Daily MSCI Emerging Markets Bull 3X ETF positions in Q3 2018 and 10 closed out, a net change of -3 holders.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF buyer in Q3 2018 was Skye Global Management, an estimated $2.38M added.
- The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF seller in Q3 2018 was Citadel Advisors, an estimated $4.96M sold.
Based on aggregated 13F filings for Q3 2018.