Direxion Daily S&P 500 Bear 1X ETF
SPDN
7 hedge funds and large institutions have $28.6M invested in Direxion Daily S&P 500 Bear 1X ETF in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 1 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
37.68% more ownership
Funds ownership: 35.62% → 73.3% (+38%)
17% more funds holding
Funds holding: 6 → 7 (+1)
4% more capital invested
Capital invested by funds: $27.5M → $28.6M (+$1.17M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$3.21M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$882K |
| 3 |
Jane Street
New York
|
+$399K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$35.1K |
| 5 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$18.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rafferty Asset Management
New York
|
-$2.47M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$28K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Rafferty Asset Management
New York
| $13.9M | -$2.47M | -71,800 | -15% |
|
2
Citigroup
New York
| $8.49M | – | – | – |
|
|
VF
3
Virtu Financial
New York
| $4.84M | +$3.21M | +93,171 | +189% |
|
|
TRCT
4
Tower Research Capital (TRC)
New York
| $995K | +$882K | +25,605 | +691% |
|
|
5
Jane Street
New York
| $394K | +$399K | +11,599 | New |
|
|
LTFS
6
Ladenburg Thalmann Financial Services
Miami,
Florida
| $36K | +$35.1K | +1,018 | +3,915% |
|
|
GWM
7
Geneos Wealth Management
Englewood,
Colorado
| $18K | +$18.9K | +550 | New |
|
|
8
UBS Group
Zurich,
Switzerland
| – | -$28K | -804 | Closed |
|
SPDN Hedge Fund Activity: Q2 2017 in Review
7 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q2 2017, worth a combined $28.6M — up 4.3% from $27.5M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new SPDN positions and 1 closed out — a net gain of 1 holder — while 3 added to existing stakes and 1 trimmed.
The largest buyer was Virtu Financial, adding an estimated $3.21M. The largest seller was Rafferty Asset Management, cutting an estimated $2.47M.
- 7 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q2 2017, up from 6 in Q1 2017.
- Funds reported $28.6M of Direxion Daily S&P 500 Bear 1X ETF stock for Q2 2017, up 4.3% quarter-over-quarter.
- 2 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q2 2017 and 1 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q2 2017 was Virtu Financial, an estimated $3.21M added.
- The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q2 2017 was Rafferty Asset Management, an estimated $2.47M sold.
Based on aggregated 13F filings for Q2 2017.