Direxion Daily Energy Bull 2X ETF
ERX
35 hedge funds and large institutions have $20.4M invested in Direxion Daily Energy Bull 2X ETF in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 12 closing their positions.
66% more call options, than puts
Call options by funds: $17.2M | Put options by funds: $10.4M
6.43% less ownership
Funds ownership: 12.3% → 5.88% (-6.4%)
13% less funds holding
Funds holding: 40 → 35 (-5)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
59% less capital invested
Capital invested by funds: $49.7M → $20.4M (-$29.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Meridian Wealth Management
Lexington,
Kentucky
|
+$919K |
| 2 |
Squarepoint
New York
|
+$820K |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
+$797K |
| 4 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
+$546K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$486K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$18.7M |
| 2 |
Renaissance Technologies
New York
|
-$1.91M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$1.8M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
-$1.55M |
| 5 |
HF
HRT Financial
New York
|
-$1.32M |
ERX Hedge Fund Activity: Q2 2024 in Review
35 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q2 2024, worth a combined $20.4M — down 59% from $49.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ERX and 8 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Meridian Wealth Management, opening a new position worth an estimated $919K. The largest seller was Jane Street, exiting entirely with an estimated $18.7M sold.
- 35 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q2 2024, down from 40 in Q1 2024.
- Funds reported $20.4M of Direxion Daily Energy Bull 2X ETF stock for Q2 2024, down 59% quarter-over-quarter.
- 8 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q2 2024 and 12 closed out, a net change of -4 holders.
- The largest Direxion Daily Energy Bull 2X ETF buyer in Q2 2024 was Meridian Wealth Management, an estimated $919K added.
- The largest Direxion Daily Energy Bull 2X ETF seller in Q2 2024 was Jane Street, an estimated $18.7M sold.
Based on aggregated 13F filings for Q2 2024.