Direxion Daily Energy Bull 2X ETF
ERX
37 hedge funds and large institutions have $23.8M invested in Direxion Daily Energy Bull 2X ETF in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 16 closing their positions.
47% more call options, than puts
Call options by funds: $26.6M | Put options by funds: $18.2M
0.62% less ownership
Funds ownership: 6.25% → 5.63% (-0.62%)
16% less funds holding
Funds holding: 44 → 37 (-7)
23% less capital invested
Capital invested by funds: $31.1M → $23.8M (-$7.31M)
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$1.57M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
+$1.18M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.04M |
| 4 |
Renaissance Technologies
New York
|
+$515K |
| 5 |
QT
Quantbot Technologies
New York
|
+$328K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$1.59M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.3M |
| 4 |
TSS
Two Sigma Securities
New York
|
-$881K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$850K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CASC
51
Coppell Advisory Solutions Corp
Coppell,
Texas
| – | -$18.2K | -273 | Closed |
|
|
ZIG
52
Zullo Investment Group
Scranton,
Pennsylvania
| – | -$16.6K | -250 | Closed |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$2K | -30 | Closed |
|
|
EWA
54
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$266 | -4 | Closed |
|
ERX Hedge Fund Activity: Q1 2023 in Review
37 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q1 2023, worth a combined $23.8M — down 23% from $31.1M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of ERX and 9 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 6 added.
The largest buyer was HRT Financial, opening a new position worth an estimated $1.57M. The largest seller was IMC Chicago, exiting entirely with an estimated $1.59M sold.
- 37 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q1 2023, down from 44 in Q4 2022.
- Funds reported $23.8M of Direxion Daily Energy Bull 2X ETF stock for Q1 2023, down 23% quarter-over-quarter.
- 9 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q1 2023 and 16 closed out, a net change of -7 holders.
- The largest Direxion Daily Energy Bull 2X ETF buyer in Q1 2023 was HRT Financial, an estimated $1.57M added.
- The largest Direxion Daily Energy Bull 2X ETF seller in Q1 2023 was IMC Chicago, an estimated $1.59M sold.
Based on aggregated 13F filings for Q1 2023.