Direxion Daily S&P 500 Bear 1X ETF
SPDN
24 hedge funds and large institutions have $42.3M invested in Direxion Daily S&P 500 Bear 1X ETF in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 8 closing their positions.
17,300% more call options, than puts
Call options by funds: $348K | Put options by funds: $2K
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
4% more funds holding
Funds holding: 23 → 24 (+1)
1.4% more ownership
Funds ownership: 23.85% → 25.25% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $43.3M → $42.3M (-$1.02M)
Top Buyers
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.8M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.67M |
| 3 |
VF
Virtu Financial
New York
|
+$1.52M |
| 4 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
+$1.24M |
| 5 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
+$458K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$665K | -29,114 | Closed |
|
|
TFGT
27
TS Financial Group (TSFG)
Lake Forest,
Illinois
| – | -$391K | -17,125 | Closed |
|
|
RCA
28
Resonant Capital Advisors
Madison,
Wisconsin
| – | -$260K | -11,369 | Closed |
|
|
TIM
29
Tortoise Investment Management
White Plains,
New York
| – | -$31K | -1,360 | Closed |
|
|
PAG
30
Private Advisor Group
Morristown,
New Jersey
| – | -$21K | -900 | Closed |
|
|
JFA
31
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$11K | -500 | Closed |
|
32
Wells Fargo
San Francisco,
California
| – | +$21 | +1 | New |
|
SPDN Hedge Fund Activity: Q3 2020 in Review
24 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q3 2020, worth a combined $42.3M — down 2.4% from $43.3M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SPDN positions and 8 closed out — a net gain of 1 holder — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $1.8M. The largest seller was Fortis Advisors, exiting entirely with an estimated $1.13M sold.
- 24 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q3 2020, up from 23 in Q2 2020.
- Funds reported $42.3M of Direxion Daily S&P 500 Bear 1X ETF stock for Q3 2020, down 2.4% quarter-over-quarter.
- 9 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q3 2020 and 8 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q3 2020 was Susquehanna International Group, an estimated $1.8M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q3 2020 was Fortis Advisors, an estimated $1.13M sold.
Based on aggregated 13F filings for Q3 2020.