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Direxion Daily Energy Bull 2X ETF
ERX

32 hedge funds and large institutions have $33.1M invested in Direxion Daily Energy Bull 2X ETF in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more call options, than puts

Call options by funds: $51.7M | Put options by funds: $31.4M

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

7% more funds holding

Funds holding: 30 → 32 (+2)

0.1% less ownership

Funds ownership: 0.72% → 0.62% (-0.1%)

3% less capital invested

Capital invested by funds: $34.1M → $33.1M (-$946K)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

Holders
32
Holders Change
+2
Holders Change %
+6.67%
% of All Funds
0.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
9
Reduced
11
Closed
9
Calls
$51.7M
Puts
$31.4M
Net Calls
+$20.3M
Net Calls Change
+$44.8M

Top Buyers

Rank Fund Capital Flow
1
TRCT
Tower Research Capital (TRC)
New York
+$3.17M
2
SG Americas Securities
SG Americas Securities
New York
+$2.01M
3
RIA
RPG Investment Advisory
California
+$1.6M
4
FTUS
Flow Traders U.S.
New York
+$1.06M
5
Morgan Stanley
Morgan Stanley
New York
+$691K

Top Sellers

Rank Fund Capital Flow
1
QIM
Quantitative Investment Management
Virginia
-$3.27M
2
VF
Virtu Financial
New York
-$3M
3
Jane Street
Jane Street
New York
-$1.35M
4
VKH
Virtu KCG Holdings
New York
-$1.12M
5
Goldman Sachs
Goldman Sachs
New York
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
1
Tower Research Capital (TRC)
New York
$3.76M +$3.17M +15,974 New
Susquehanna International Group
2
Susquehanna International Group
Pennsylvania
$2.97M -$320K -1,613 -11%
Nomura Holdings
3
Nomura Holdings
Japan
$2.82M +$17.8K +90 +0.7%
CS
4
Credit Suisse
Switzerland
$2.68M -$687K -3,468 -23%
SG Americas Securities
5
SG Americas Securities
New York
$2.39M +$2.01M +10,150 New
BNP Paribas Financial Markets
6
BNP Paribas Financial Markets
France
$2.22M +$111K +559 +6%
Barclays
7
Barclays
United Kingdom
$2.21M +$443K +2,236 +30%
Creative Planning
8
Creative Planning
Kansas
$2.2M +$476K +2,404 +35%
Goldman Sachs
9
Goldman Sachs
New York
$1.96M -$1.04M -5,238 -39%
RIA
10
RPG Investment Advisory
California
$1.9M +$1.6M +8,093 New
Simplex Trading
11
Simplex Trading
Illinois
$1.34M +$283K +1,428 +33%
FTUS
12
Flow Traders U.S.
New York
$1.25M +$1.06M +5,327 New
Morgan Stanley
13
Morgan Stanley
New York
$820K +$691K +3,485 New
CA
14
Cetera Advisors
Colorado
$695K +$584K +2,946 New
Jane Street
15
Jane Street
New York
$539K -$1.35M -6,817 -75%
TH
16
Timber Hill
Connecticut
$492K -$223K -1,126 -35%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$458K +$55.1K +278 +17%
EWA
18
Exencial Wealth Advisors
Oklahoma
$378K -$129K -649 -29%
VF
19
Virtu Financial
New York
$370K -$3M -15,116 -91%
Citigroup
20
Citigroup
New York
$351K +$238K +1,201 +410%
CPSAC
21
Chas P. Smith & Associates (CPS)
Florida
$321K +$58.9K +297 +28%
TCM
22
Traynor Capital Management
Pennsylvania
$282K -$122K -617 -34%
Citadel Advisors
23
Citadel Advisors
Florida
$270K +$227K +1,147 New
Bank of America
24
Bank of America
North Carolina
$160K -$46.8K -236 -26%
Bank of Montreal
25
Bank of Montreal
Ontario, Canada
$118K +$99.1K +500 New
1
2

ERX Hedge Fund Activity: Q1 2016 in Review

32 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Energy Bull 2X ETF (ERX) for Q1 2016, worth a combined $33.1M — down 2.8% from $34.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new ERX positions and 9 closed out — a net gain of 2 holders — while 9 added to existing stakes and 11 trimmed.

The largest buyer was Tower Research Capital (TRC), opening a new position worth an estimated $3.17M. The largest seller was Quantitative Investment Management, exiting entirely with an estimated $3.27M sold.

  • 32 institutional investors held Direxion Daily Energy Bull 2X ETF (ERX) as of Q1 2016, up from 30 in Q4 2015.
  • Funds reported $33.1M of Direxion Daily Energy Bull 2X ETF stock for Q1 2016, down 2.8% quarter-over-quarter.
  • 11 funds opened new Direxion Daily Energy Bull 2X ETF positions in Q1 2016 and 9 closed out, a net change of +2 holders.
  • The largest Direxion Daily Energy Bull 2X ETF buyer in Q1 2016 was Tower Research Capital (TRC), an estimated $3.17M added.
  • The largest Direxion Daily Energy Bull 2X ETF seller in Q1 2016 was Quantitative Investment Management, an estimated $3.27M sold.

Based on aggregated 13F filings for Q1 2016.