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Direxion Daily S&P 500 Bear 1X ETF
SPDN

4 hedge funds and large institutions have $36.4M invested in Direxion Daily S&P 500 Bear 1X ETF in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, increasing their positions, 1 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more capital invested

Capital invested by funds: $21M → $36.4M (+$15.4M)

4.41% more ownership

Funds ownership: 34.84% → 39.24% (+4.4%)

20% less funds holding

Funds holding: 5 → 4 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1

Holders
4
Holders Change
-1
Holders Change %
-20%
% of All Funds
0.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
–
Reduced
1
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Rafferty Asset Management
Rafferty Asset Management
New York
+$18.1M
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.01K

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$913K
2
CS
Credit Suisse
Switzerland
-$502K
3
VKH
Virtu KCG Holdings
New York
-$399K
4
UBS Group
UBS Group
Switzerland
-$4K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rafferty Asset Management
1
Rafferty Asset Management
New York
$18M +$18.1M +465,250 New
Citigroup
2
Citigroup
New York
$9.66M – – –
Bank of America
3
Bank of America
North Carolina
$8.75M -$913K -23,500 -9%
LTFS
4
Ladenburg Thalmann Financial Services
Florida
$1K +$1.01K +26 New
CS
5
Credit Suisse
Switzerland
– -$502K -12,500 Closed
VKH
6
Virtu KCG Holdings
New York
– -$399K -9,935 Closed
UBS Group
7
UBS Group
Switzerland
– -$4K -100 Closed

SPDN Hedge Fund Activity: Q3 2016 in Review

4 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q3 2016, worth a combined $36.4M — up 73% from $21M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of SPDN and 2 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 0 added.

The largest buyer was Rafferty Asset Management, opening a new position worth an estimated $18.1M. The largest seller was Bank of America, cutting an estimated $913K.

  • 4 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q3 2016, down from 5 in Q2 2016.
  • Funds reported $36.4M of Direxion Daily S&P 500 Bear 1X ETF stock for Q3 2016, up 73% quarter-over-quarter.
  • 2 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q3 2016 and 3 closed out, a net change of -1 holder.
  • The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q3 2016 was Rafferty Asset Management, an estimated $18.1M added.
  • The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q3 2016 was Bank of America, an estimated $913K sold.

Based on aggregated 13F filings for Q3 2016.