Direxion Daily S&P 500 Bear 1X ETF
SPDN
8 hedge funds and large institutions have $29M invested in Direxion Daily S&P 500 Bear 1X ETF in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
100% more funds holding
Funds holding: 4 → 8 (+4)
1.97% less ownership
Funds ownership: 39.24% → 37.27% (-2%)
20% less capital invested
Capital invested by funds: $36.4M → $29M (-$7.36M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.02M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$652K |
| 3 |
Rafferty Asset Management
New York
|
+$506K |
| 4 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
+$267K |
| 5 |
CG
Cutler Group
San Francisco,
California
|
+$99.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$8.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Rafferty Asset Management
New York
| $17.8M | +$506K | +13,250 | +3% |
|
2
Citigroup
New York
| $9.28M | – | – | – |
|
|
TRCT
3
Tower Research Capital (TRC)
New York
| $991K | +$1.02M | +26,700 | New |
|
|
VKH
4
Virtu KCG Holdings
New York
| $633K | +$652K | +17,074 | New |
|
|
FPCP
5
Fort Point Capital Partners
San Francisco,
California
| $257K | +$267K | +7,000 | New |
|
|
CG
6
Cutler Group
San Francisco,
California
| $96K | +$99.3K | +2,600 | New |
|
7
UBS Group
Zurich,
Switzerland
| $26K | +$26.7K | +700 | New |
|
|
LTFS
8
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
|
9
Bank of America
Charlotte,
North Carolina
| – | -$8.75M | -226,500 | Closed |
|
SPDN Hedge Fund Activity: Q4 2016 in Review
8 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q4 2016, worth a combined $29M — down 20% from $36.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPDN positions and 1 closed out — a net gain of 4 holders — while 1 added to existing stakes and 0 trimmed.
The largest buyer was Tower Research Capital (TRC), opening a new position worth an estimated $1.02M. The largest seller was Bank of America, exiting entirely with an estimated $8.75M sold.
- 8 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q4 2016, up from 4 in Q3 2016.
- Funds reported $29M of Direxion Daily S&P 500 Bear 1X ETF stock for Q4 2016, down 20% quarter-over-quarter.
- 5 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q4 2016 and 1 closed out, a net change of +4 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q4 2016 was Tower Research Capital (TRC), an estimated $1.02M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q4 2016 was Bank of America, an estimated $8.75M sold.
Based on aggregated 13F filings for Q4 2016.