Direxion Daily S&P 500 Bull 3x ETF
SPXL
29 hedge funds and large institutions have $49.3M invested in Direxion Daily S&P 500 Bull 3x ETF in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 8 closing their positions.
76% more call options, than puts
Call options by funds: $34.8M | Put options by funds: $19.7M
2.42% less ownership
Funds ownership: 57.66% → 55.24% (-2.4%)
6% less funds holding
Funds holding: 31 → 29 (-2)
11% less capital invested
Capital invested by funds: $55.6M → $49.3M (-$6.28M)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| 1 |
VF
Virtu Financial
New York
|
+$8.31M |
| 2 |
GA
GFS Advisors
Houston,
Texas
|
+$2.61M |
| 3 |
JT
Jump Trading
Chicago,
Illinois
|
+$2.27M |
| 4 |
Two Sigma Investments
New York
|
+$1.21M |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$928K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $155K | +$46.7K | +3,000 | +47% |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $138K | -$251K | -16,096 | -66% |
|
28
Citigroup
New York
| $51K | -$203K | -13,068 | -81% |
|
|
MA
29
MUFG Americas
New York
| $20K | – | – | – |
|
|
AT
30
Allston Trading
Chicago,
Illinois
| – | -$9.96M | -623,932 | Closed |
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$3.19M | -200,000 | Closed |
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$2.3M | -147,912 | Closed |
|
|
WS
33
Wedbush Securities
Los Angeles,
California
| – | -$301K | -18,852 | Closed |
|
|
WA
34
WFG Advisors
Dallas,
Texas
| – | -$71K | -4,472 | Closed |
|
|
AIG
35
American International Group
New York
| – | -$9.57K | -600 | Closed |
|
36
Invesco
Atlanta,
Georgia
| – | -$6K | -400 | Closed |
|
37
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$4K | -280 | Closed |
|
SPXL Hedge Fund Activity: Q1 2014 in Review
29 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2014, worth a combined $49.3M — down 11% from $55.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SPXL and 6 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 7 added.
The largest buyer was Virtu Financial, adding an estimated $8.31M. The largest seller was Allston Trading, exiting entirely with an estimated $9.96M sold.
- 29 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2014, down from 31 in Q4 2013.
- Funds reported $49.3M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2014, down 11% quarter-over-quarter.
- 6 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2014 and 8 closed out, a net change of -2 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2014 was Virtu Financial, an estimated $8.31M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2014 was Allston Trading, an estimated $9.96M sold.
Based on aggregated 13F filings for Q1 2014.