Direxion Daily Energy Bull 2X ETF
ERX
15 hedge funds and large institutions have $49.2M invested in Direxion Daily Energy Bull 2X ETF in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
7% more funds holding
Funds holding: 14 → 15 (+1)
0.54% less ownership
Funds ownership: 3.97% → 3.43% (-0.54%)
21% less capital invested
Capital invested by funds: $62.4M → $49.2M (-$13.2M)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
39% less call options, than puts
Call options by funds: $39.4M | Put options by funds: $64.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$668K |
| 2 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$663K |
| 3 |
WSTAM
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
|
+$573K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$465K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$408K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HT
HAP Trading
New York
|
-$5.38M |
| 2 |
Citigroup
New York
|
-$4.14M |
| 3 |
VF
Virtu Financial
New York
|
-$3.17M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.26M |
| 5 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
-$1.18M |
ERX Hedge Fund Activity: Q1 2014 in Review
15 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q1 2014, worth a combined $49.2M — down 21% from $62.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ERX positions and 3 closed out — a net gain of 1 holder — while 4 added to existing stakes and 6 trimmed.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $668K. The largest seller was HAP Trading, exiting entirely with an estimated $5.38M sold.
- 15 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q1 2014, up from 14 in Q4 2013.
- Funds reported $49.2M of Direxion Daily Energy Bull 2X ETF stock for Q1 2014, down 21% quarter-over-quarter.
- 4 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q1 2014 and 3 closed out, a net change of +1 holder.
- The largest Direxion Daily Energy Bull 2X ETF buyer in Q1 2014 was BNP Paribas Financial Markets, an estimated $668K added.
- The largest Direxion Daily Energy Bull 2X ETF seller in Q1 2014 was HAP Trading, an estimated $5.38M sold.
Based on aggregated 13F filings for Q1 2014.