Direxion Daily Energy Bull 2X ETF
ERX
26 hedge funds and large institutions have $32.4M invested in Direxion Daily Energy Bull 2X ETF in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 7 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
0.11% less ownership
Funds ownership: 0.71% → 0.6% (-0.11%)
4% less call options, than puts
Call options by funds: $51.2M | Put options by funds: $53.2M
13% less funds holding
Funds holding: 30 → 26 (-4)
16% less capital invested
Capital invested by funds: $38.7M → $32.4M (-$6.38M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.46M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.3M |
| 3 |
Jane Street
New York
|
+$1.2M |
| 4 |
VF
Virtu Financial
New York
|
+$1.14M |
| 5 |
TFA
Toth Financial Advisory
Leesburg,
Virginia
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$10.2M |
| 2 |
Barclays
London,
United Kingdom
|
-$5.4M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
-$707K |
| 4 |
HJMC
Hellman Jordan Management Company
Quincy,
Massachusetts
|
-$626K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$602K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Barclays
London,
United Kingdom
| – | -$5.4M | -21,440 | Closed |
|
|
HJMC
27
Hellman Jordan Management Company
Quincy,
Massachusetts
| – | -$626K | -2,500 | Closed |
|
|
VEA
28
Virtus ETF Advisers
New York
| – | -$578K | -2,306 | Closed |
|
29
Wolverine Trading
Chicago,
Illinois
| – | -$289K | -1,164 | Closed |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| – | -$24.4K | -97 | -98% |
|
31
Wells Fargo
San Francisco,
California
| – | -$5.04K | -20 | Closed |
|
ERX Hedge Fund Activity: Q3 2017 in Review
26 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q3 2017, worth a combined $32.4M — down 16% from $38.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of ERX and 5 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 11 added.
The largest buyer was Tower Research Capital (TRC), adding an estimated $2.46M. The largest seller was Nomura Holdings, cutting an estimated $10.2M.
- 26 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q3 2017, down from 30 in Q2 2017.
- Funds reported $32.4M of Direxion Daily Energy Bull 2X ETF stock for Q3 2017, down 16% quarter-over-quarter.
- 5 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q3 2017 and 7 closed out, a net change of -2 holders.
- The largest Direxion Daily Energy Bull 2X ETF buyer in Q3 2017 was Tower Research Capital (TRC), an estimated $2.46M added.
- The largest Direxion Daily Energy Bull 2X ETF seller in Q3 2017 was Nomura Holdings, an estimated $10.2M sold.
Based on aggregated 13F filings for Q3 2017.