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Direxion Daily Energy Bull 2X ETF
ERX

28 hedge funds and large institutions have $33.3M invested in Direxion Daily Energy Bull 2X ETF in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 5

0% more call options, than puts

Call options by funds: $54.4M | Put options by funds: $54.3M

0.04% less ownership

Funds ownership: 0.67% → 0.63% (-0.04%)

11% less capital invested

Capital invested by funds: $37.5M → $33.3M (-$4.26M)

13% less funds holding

Funds holding: 32 → 28 (-4)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
28
Holders Change
-4
Holders Change %
-12.5%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
8
Reduced
5
Closed
12
Calls
$54.4M
Puts
$54.3M
Net Calls
+$103K
Net Calls Change
+$25M

Top Buyers

Rank Fund Capital Flow
1
Nomura Holdings
Nomura Holdings
Japan
+$8.13M
2
Morgan Stanley
Morgan Stanley
New York
+$3.81M
3
TRCT
Tower Research Capital (TRC)
New York
+$2.96M
4
Jane Street
Jane Street
New York
+$1.74M
5
CS
Credit Suisse
Switzerland
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
QIM
Quantitative Investment Management
Virginia
-$3.42M
2
TH
Timber Hill
Connecticut
-$3.3M
3
Goldman Sachs
Goldman Sachs
New York
-$2.77M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$1.77M
5
Wolverine Trading
Wolverine Trading
Illinois
-$917K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
WFG Advisors
Texas
$3K – – –
PA
27
Parallel Advisors
California
$1K – – –
Walleye Trading
28
Walleye Trading
New York
$392 +$433K +1,235 New
QIM
29
Quantitative Investment Management
Virginia
– -$3.42M -8,570 Closed
TH
30
Timber Hill
Connecticut
– -$3.3M -8,268 Closed
Goldman Sachs
31
Goldman Sachs
New York
– -$2.77M -6,934 Closed
BNP Paribas Financial Markets
32
BNP Paribas Financial Markets
France
– -$1.77M -4,442 Closed
Wolverine Trading
33
Wolverine Trading
Illinois
– -$917K -2,614 Closed
VKH
34
Virtu KCG Holdings
New York
– -$365K -914 Closed
PP
35
Prudential plc
United Kingdom
– -$359K -900 Closed
VF
36
Virtu Financial
New York
– -$290K -727 Closed
EWA
37
Exencial Wealth Advisors
Oklahoma
– -$285K -713 Closed
Citadel Advisors
38
Citadel Advisors
Florida
– -$228K -650 Closed
WAM
39
Wolverine Asset Management
Illinois
– -$109K -310 Closed
FANJ
40
Financial Architects (New Jersey)
New Jersey
– -$2K -5 Closed
1
2

ERX Hedge Fund Activity: Q1 2017 in Review

28 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q1 2017, worth a combined $33.3M — down 11% from $37.5M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of ERX and 10 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 8 added.

The largest buyer was Nomura Holdings, adding an estimated $8.13M. The largest seller was Quantitative Investment Management, exiting entirely with an estimated $3.42M sold.

  • 28 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q1 2017, down from 32 in Q4 2016.
  • Funds reported $33.3M of Direxion Daily Energy Bull 2X ETF stock for Q1 2017, down 11% quarter-over-quarter.
  • 10 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q1 2017 and 12 closed out, a net change of -2 holders.
  • The largest Direxion Daily Energy Bull 2X ETF buyer in Q1 2017 was Nomura Holdings, an estimated $8.13M added.
  • The largest Direxion Daily Energy Bull 2X ETF seller in Q1 2017 was Quantitative Investment Management, an estimated $3.42M sold.

Based on aggregated 13F filings for Q1 2017.