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Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC

26 hedge funds and large institutions have $62.1M invested in Direxion Daily MSCI Emerging Markets Bull 3X ETF in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $61.5M → $62.1M (+$540K)

0% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 9

0.12% less ownership

Funds ownership: 4.35% → 4.22% (-0.12%)

13% less call options, than puts

Call options by funds: $50.8M | Put options by funds: $58.6M

19% less funds holding

Funds holding: 32 → 26 (-6)

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
26
Holders Change
-6
Holders Change %
-18.75%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
9
Reduced
9
Closed
10
Calls
$50.8M
Puts
$58.6M
Net Calls
-$7.74M
Net Calls Change
+$11.5M

Top Buyers

Rank Fund Capital Flow
1
TRCT
Tower Research Capital (TRC)
New York
+$4.46M
2
Jane Street
Jane Street
New York
+$2.68M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$2.33M
4
Citadel Advisors
Citadel Advisors
Florida
+$2.12M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$870K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.96M
2
KC
Kingfisher Capital
North Carolina
-$1.94M
3
VF
Virtu Financial
New York
-$1.18M
4
VKH
Virtu KCG Holdings
New York
-$1.16M
5
GIM
Guild Investment Management
California
-$890K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
1
Envestnet Asset Management
Illinois
$12.1M +$750K +8,061 +7%
BNP Paribas Financial Markets
2
BNP Paribas Financial Markets
France
$6.53M +$2.33M +25,006 +69%
CS
3
Credit Suisse
Switzerland
$5.92M -$94.2K -1,013 -2%
VF
4
Virtu Financial
New York
$5.63M -$1.18M -12,639 -19%
TRCT
5
Tower Research Capital (TRC)
New York
$5.61M +$4.46M +47,914 +832%
Goldman Sachs
6
Goldman Sachs
New York
$3.3M -$126K -1,350 -4%
Jane Street
7
Jane Street
New York
$3.24M +$2.68M +28,772 +1,300%
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$2.79M +$870K +9,348 +54%
LTFS
9
Ladenburg Thalmann Financial Services
Florida
$2.67M -$143K -1,540 -6%
Morgan Stanley
10
Morgan Stanley
New York
$2.52M -$1.96M -21,018 -47%
Citadel Advisors
11
Citadel Advisors
Florida
$2.38M +$2.12M +22,738 New
Deutsche Bank
12
Deutsche Bank
Germany
$2.25M – – –
PRCM
13
Pine River Capital Management
Minnesota
$1.49M +$223K +2,400 +20%
AC
14
AFAM Capital
Texas
$1.41M +$106K +1,139 +9%
Barclays
15
Barclays
United Kingdom
$960K -$504K -5,416 -37%
VKH
16
Virtu KCG Holdings
New York
$667K -$1.16M -12,435 -66%
U
17
UBS
Switzerland
$633K +$361K +3,882 +179%
CA
18
Commerzbank Aktiengesellschaft
Germany
$556K – – –
CR
19
Cooperatieve Rabobank
Netherlands
$494K -$420K -4,513 -49%
EWA
20
Exencial Wealth Advisors
Oklahoma
$352K +$103K +1,106 +52%
WS
21
Wedbush Securities
California
$272K +$243K +2,607 New
Bank of America
22
Bank of America
North Carolina
$164K -$102K -1,092 -41%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$86K – – –
Creative Planning
24
Creative Planning
Kansas
$3K – – –
PFG
25
Piershale Financial Group
Illinois
$2K +$1.95K +21 New
1
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EDC Hedge Fund Activity: Q1 2014 in Review

26 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) for Q1 2014, worth a combined $62.1M — up 0.88% from $61.5M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of EDC and 4 opened new positions — a net loss of 6 holders — while 9 trimmed existing stakes and 9 added.

The largest buyer was Tower Research Capital (TRC), adding an estimated $4.46M. The largest seller was Morgan Stanley, cutting an estimated $1.96M.

  • 26 institutional investors held Direxion Daily MSCI Emerging Markets Bull 3X ETF (EDC) as of Q1 2014, down from 32 in Q4 2013.
  • Funds reported $62.1M of Direxion Daily MSCI Emerging Markets Bull 3X ETF stock for Q1 2014, up 0.88% quarter-over-quarter.
  • 4 funds opened new Direxion Daily MSCI Emerging Markets Bull 3X ETF positions in Q1 2014 and 10 closed out, a net change of -6 holders.
  • The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF buyer in Q1 2014 was Tower Research Capital (TRC), an estimated $4.46M added.
  • The largest Direxion Daily MSCI Emerging Markets Bull 3X ETF seller in Q1 2014 was Morgan Stanley, an estimated $1.96M sold.

Based on aggregated 13F filings for Q1 2014.