Direxion Daily S&P 500 Bear 1X ETF
SPDN
52 hedge funds and large institutions have $103M invested in Direxion Daily S&P 500 Bear 1X ETF in 2022 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 4 closing their positions.
575% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 4
247% more call options, than puts
Call options by funds: $569K | Put options by funds: $164K
79% more funds holding
Funds holding: 29 → 52 (+23)
76% more capital invested
Capital invested by funds: $58.4M → $103M (+$44.5M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
10.76% less ownership
Funds ownership: 45.42% → 34.66% (-11%)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BPA
51
Beacon Pointe Advisors
Newport Beach,
California
| – | -$141K | -10,000 | Closed |
|
|
SC
52
Solstein Capital
Menlo Park,
California
| – | -$44K | -3,150 | Closed |
|
|
CG
53
Cutler Group
San Francisco,
California
| – | -$44.7K | -3,000 | Closed |
|
54
Bank of America
Charlotte,
North Carolina
| – | -$22.4K | -1,504 | -99% |
|
|
TWA
55
TCI Wealth Advisors
Tucson,
Arizona
| – | -$149 | -10 | -25% |
|
SPDN Hedge Fund Activity: Q1 2022 in Review
52 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q1 2022, worth a combined $103M — up 76% from $58.4M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new SPDN positions and 4 closed out — a net gain of 23 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Leuthold Group, adding an estimated $8.67M. The largest seller was L.J. Altfest & Co, cutting an estimated $1.39M.
- 52 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q1 2022, up from 29 in Q4 2021.
- Funds reported $103M of Direxion Daily S&P 500 Bear 1X ETF stock for Q1 2022, up 76% quarter-over-quarter.
- 27 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q1 2022 and 4 closed out, a net change of +23 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q1 2022 was Leuthold Group, an estimated $8.67M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q1 2022 was L.J. Altfest & Co, an estimated $1.39M sold.
Based on aggregated 13F filings for Q1 2022.