Direxion Daily S&P 500 Bull 3x ETF
SPXL
42 hedge funds and large institutions have $59.6M invested in Direxion Daily S&P 500 Bull 3x ETF in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 9 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
11% more capital invested
Capital invested by funds: $53.7M → $59.6M (+$5.95M)
2% more funds holding
Funds holding: 41 → 42 (+1)
4.36% less ownership
Funds ownership: 48.09% → 43.74% (-4.4%)
36% less call options, than puts
Call options by funds: $131M | Put options by funds: $204M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.89M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
+$4.72M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.32M |
| 4 |
Two Sigma Advisers
New York
|
+$1.47M |
| 5 |
Barclays
London,
United Kingdom
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$6.32M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.95M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.68M |
| 4 |
Two Sigma Investments
New York
|
-$2.21M |
| 5 |
VF
Virtu Financial
New York
|
-$2.17M |
SPXL Hedge Fund Activity: Q4 2016 in Review
42 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2016, worth a combined $59.6M — up 11% from $53.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SPXL positions and 9 closed out — a net gain of 1 holder — while 17 added to existing stakes and 10 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $6.89M. The largest seller was Tower Research Capital (TRC), cutting an estimated $6.32M.
- 42 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2016, up from 41 in Q3 2016.
- Funds reported $59.6M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2016, up 11% quarter-over-quarter.
- 10 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2016 and 9 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2016 was Susquehanna International Group, an estimated $6.89M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2016 was Tower Research Capital (TRC), an estimated $6.32M sold.
Based on aggregated 13F filings for Q4 2016.