Direxion Daily Energy Bull 2X ETF
ERX
20 hedge funds and large institutions have $35.8M invested in Direxion Daily Energy Bull 2X ETF in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
18% more funds holding
Funds holding: 17 → 20 (+3)
1.06% less ownership
Funds ownership: 3.08% → 2.01% (-1.1%)
32% less call options, than puts
Call options by funds: $66.5M | Put options by funds: $97.8M
42% less capital invested
Capital invested by funds: $62.1M → $35.8M (-$26.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$3.72M |
| 2 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$1.69M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.21M |
| 4 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$914K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$827K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$6.51M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.39M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.25M |
| 4 |
Goldman Sachs
New York
|
-$2.23M |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$997K |
ERX Hedge Fund Activity: Q3 2014 in Review
20 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q3 2014, worth a combined $35.8M — down 42% from $62.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ERX positions and 4 closed out — a net gain of 3 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $3.72M. The largest seller was Citigroup, exiting entirely with an estimated $6.51M sold.
- 20 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q3 2014, up from 17 in Q2 2014.
- Funds reported $35.8M of Direxion Daily Energy Bull 2X ETF stock for Q3 2014, down 42% quarter-over-quarter.
- 7 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q3 2014 and 4 closed out, a net change of +3 holders.
- The largest Direxion Daily Energy Bull 2X ETF buyer in Q3 2014 was Virtu Financial, an estimated $3.72M added.
- The largest Direxion Daily Energy Bull 2X ETF seller in Q3 2014 was Citigroup, an estimated $6.51M sold.
Based on aggregated 13F filings for Q3 2014.