Direxion Daily Energy Bull 2X ETF
ERX
13 hedge funds and large institutions have $47.3M invested in Direxion Daily Energy Bull 2X ETF in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 4 closing their positions.
0.42% more ownership
Funds ownership: 2.93% → 3.35% (+0.42%)
6% less capital invested
Capital invested by funds: $50.4M → $47.3M (-$3.08M)
13% less funds holding
Funds holding: 15 → 13 (-2)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
33% less call options, than puts
Call options by funds: $42.7M | Put options by funds: $63.6M
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$2.76M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$368K |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
+$295K |
| 4 |
Walleye Trading
New York
|
+$273K |
| 5 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.93M |
| 2 |
Jane Street
New York
|
-$2.05M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.99M |
| 4 |
VF
Virtu Financial
New York
|
-$1.73M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.11M |
ERX Hedge Fund Activity: Q3 2013 in Review
13 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q3 2013, worth a combined $47.3M — down 6.1% from $50.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of ERX and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 2 added.
The largest buyer was Goldman Sachs, adding an estimated $2.76M. The largest seller was Credit Suisse, cutting an estimated $5.93M.
- 13 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q3 2013, down from 15 in Q2 2013.
- Funds reported $47.3M of Direxion Daily Energy Bull 2X ETF stock for Q3 2013, down 6.1% quarter-over-quarter.
- 3 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q3 2013 and 4 closed out, a net change of -1 holder.
- The largest Direxion Daily Energy Bull 2X ETF buyer in Q3 2013 was Goldman Sachs, an estimated $2.76M added.
- The largest Direxion Daily Energy Bull 2X ETF seller in Q3 2013 was Credit Suisse, an estimated $5.93M sold.
Based on aggregated 13F filings for Q3 2013.