Direxion Daily S&P 500 Bear 1X ETF
SPDN
6 hedge funds and large institutions have $27.5M invested in Direxion Daily S&P 500 Bear 1X ETF in 2017 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
1.65% less ownership
Funds ownership: 37.27% → 35.62% (-1.7%)
5% less capital invested
Capital invested by funds: $29M → $27.5M (-$1.57M)
25% less funds holding
Funds holding: 8 → 6 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| 1 |
VF
Virtu Financial
New York
|
+$1.76M |
| 2 |
Rafferty Asset Management
New York
|
+$46.4K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.71K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Rafferty Asset Management
New York
| $16.8M | +$46.4K | +1,300 | +0.3% |
|
2
Citigroup
New York
| $8.76M | – | – | – |
|
|
VF
3
Virtu Financial
New York
| $1.73M | +$1.76M | +49,226 | New |
|
|
TRCT
4
Tower Research Capital (TRC)
New York
| $130K | -$820K | -22,992 | -86% |
|
|
5
UBS Group
Zurich,
Switzerland
| $28K | +$3.71K | +104 | +15% |
|
|
LTFS
6
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
|
VKH
7
Virtu KCG Holdings
New York
| – | -$633K | -17,074 | Closed |
|
|
FPCP
8
Fort Point Capital Partners
San Francisco,
California
| – | -$257K | -7,000 | Closed |
|
|
CG
9
Cutler Group
San Francisco,
California
| – | -$96K | -2,600 | Closed |
|
SPDN Hedge Fund Activity: Q1 2017 in Review
6 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q1 2017, worth a combined $27.5M — down 5.4% from $29M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SPDN and 1 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 2 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.76M. The largest seller was Tower Research Capital (TRC), cutting an estimated $820K.
- 6 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q1 2017, down from 8 in Q4 2016.
- Funds reported $27.5M of Direxion Daily S&P 500 Bear 1X ETF stock for Q1 2017, down 5.4% quarter-over-quarter.
- 1 fund opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q1 2017 and 3 closed out, a net change of -2 holders.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q1 2017 was Virtu Financial, an estimated $1.76M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q1 2017 was Tower Research Capital (TRC), an estimated $820K sold.
Based on aggregated 13F filings for Q1 2017.