Direxion Daily Energy Bull 2X ETF
ERX
29 hedge funds and large institutions have $25.5M invested in Direxion Daily Energy Bull 2X ETF in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 10 closing their positions.
45% more call options, than puts
Call options by funds: $58.1M | Put options by funds: $40M
0.29% less ownership
Funds ownership: 0.88% → 0.59% (-0.29%)
15% less funds holding
Funds holding: 34 → 29 (-5)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
37% less capital invested
Capital invested by funds: $40.5M → $25.5M (-$15M)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$1.55M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.12M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$711K |
| 4 |
Citigroup
New York
|
+$519K |
| 5 |
SG Americas Securities
New York
|
+$429K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
-$4.77M |
| 2 |
HJMC
Hellman Jordan Management Company
Quincy,
Massachusetts
|
-$3.81M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.55M |
| 4 |
VF
Virtu Financial
New York
|
-$2.11M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$1.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Walleye Trading
New York
| $25K | +$24.6K | +68 | New |
|
|
SWM
27
SeaCrest Wealth Management
Purchase,
New York
| $19K | – | – | – |
|
|
FANJ
28
Financial Architects (New Jersey)
Marlton,
New Jersey
| $4K | – | – | – |
|
29
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
HJMC
30
Hellman Jordan Management Company
Quincy,
Massachusetts
| – | -$3.81M | -10,000 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$3.55M | -9,304 | Closed |
|
|
32
Simplex Trading
Chicago,
Illinois
| – | -$1.76M | -4,623 | Closed |
|
33
Wolverine Trading
Chicago,
Illinois
| – | -$424K | -1,541 | Closed |
|
|
BCM
34
Bayesian Capital Management
Brooklyn,
New York
| – | -$248K | -650 | Closed |
|
|
CG
35
Cutler Group
San Francisco,
California
| – | -$217K | -600 | Closed |
|
|
BCA
36
Bay Colony Advisors
Concord,
Massachusetts
| – | -$77K | -201 | Closed |
|
37
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$59K | -154 | Closed |
|
38
SEI Investments
Oaks,
Pennsylvania
| – | -$28K | -75 | Closed |
|
|
OIA
39
Optimum Investment Advisors
Chicago,
Illinois
| – | -$4K | -10 | Closed |
|
ERX Hedge Fund Activity: Q3 2018 in Review
29 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q3 2018, worth a combined $25.5M — down 37% from $40.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ERX and 5 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 8 added.
The largest buyer was Avalon Capital Management, opening a new position worth an estimated $1.55M. The largest seller was Quantitative Investment Management, cutting an estimated $4.77M.
- 29 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q3 2018, down from 34 in Q2 2018.
- Funds reported $25.5M of Direxion Daily Energy Bull 2X ETF stock for Q3 2018, down 37% quarter-over-quarter.
- 5 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q3 2018 and 10 closed out, a net change of -5 holders.
- The largest Direxion Daily Energy Bull 2X ETF buyer in Q3 2018 was Avalon Capital Management, an estimated $1.55M added.
- The largest Direxion Daily Energy Bull 2X ETF seller in Q3 2018 was Quantitative Investment Management, an estimated $4.77M sold.
Based on aggregated 13F filings for Q3 2018.