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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.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

100% more funds holding

Funds holding: 4 → 8 (+4)

74.53% more ownership

Funds ownership: 0% → 74.53% (+75%)

71% less capital inflows, than outflows

Capital inflows: $2.57M | Capital outflows: $8.75M

Holders
8
Holders Change
+4
Holders Change %
+100%
% of All Funds
0.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
1
Reduced
–
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Tower Research Capital (TRC)
Tower Research Capital (TRC)
New York
+$1.02M
2
Virtu KCG Holdings
Virtu KCG Holdings
New York
+$652K
3
Rafferty Asset Management
Rafferty Asset Management
New York
+$506K
4
Fort Point Capital Partners
Fort Point Capital Partners
California
+$267K
5
CG
Cutler Group
California
+$99.3K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$8.75M

SPDN Hedge Fund Activity: Q4 2016 in Review

8 of the 4,008 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.