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Direxion Daily S&P 500 Bear 1X ETF
SPDN

6 hedge funds and large institutions have $786K invested in Direxion Daily S&P 500 Bear 1X ETF in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

20% more funds holding

Funds holding: 5 → 6 (+1)

6.13% less ownership

Funds ownership: 10.08% → 3.95% (-6.1%)

51% less capital invested

Capital invested by funds: $1.6M → $786K (-$817K)

Holders
6
Holders Change
+1
Holders Change %
+20%
% of All Funds
0.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
1
Reduced
–
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
VF
Virtu Financial
New York
+$221K
2
TRCT
Tower Research Capital (TRC)
New York
+$86.3K
3
UBS Group
UBS Group
Switzerland
+$859
4
Wells Fargo
Wells Fargo
California
+$27

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$911K
2
FHA
Flagship Harbor Advisors
Massachusetts
-$226K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
1
Tower Research Capital (TRC)
New York
$541K +$86.3K +3,215 +19%
VF
2
Virtu Financial
New York
$218K +$221K +8,229 New
IA
3
IFP Advisors
Florida
$24K +$24.2K +900 New
LTFS
4
Ladenburg Thalmann Financial Services
Florida
$2K – – –
UBS Group
5
UBS Group
Switzerland
$1K +$859 +32 New
Susquehanna International Group
6
Susquehanna International Group
Pennsylvania
– -$911K -33,717 Closed
FHA
7
Flagship Harbor Advisors
Massachusetts
– -$226K -8,400 Closed
Wells Fargo
8
Wells Fargo
California
– +$27 +1 New

SPDN Hedge Fund Activity: Q3 2019 in Review

6 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 1X ETF (SPDN) for Q3 2019, worth a combined $786K — down 51% from $1.6M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new SPDN positions and 2 closed out — a net gain of 2 holders — while 1 added to existing stakes and 0 trimmed.

The largest buyer was Virtu Financial, opening a new position worth an estimated $221K. The largest seller was Susquehanna International Group, exiting entirely with an estimated $911K sold.

  • 6 institutional investors held Direxion Daily S&P 500 Bear 1X ETF (SPDN) as of Q3 2019, up from 5 in Q2 2019.
  • Funds reported $786K of Direxion Daily S&P 500 Bear 1X ETF stock for Q3 2019, down 51% quarter-over-quarter.
  • 4 funds opened new Direxion Daily S&P 500 Bear 1X ETF positions in Q3 2019 and 2 closed out, a net change of +2 holders.
  • The largest Direxion Daily S&P 500 Bear 1X ETF buyer in Q3 2019 was Virtu Financial, an estimated $221K added.
  • The largest Direxion Daily S&P 500 Bear 1X ETF seller in Q3 2019 was Susquehanna International Group, an estimated $911K sold.

Based on aggregated 13F filings for Q3 2019.