Direxion Daily S&P 500 Bull 3x ETF
SPXL
37 hedge funds and large institutions have $49.8M invested in Direxion Daily S&P 500 Bull 3x ETF in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
16% more funds holding
Funds holding: 32 → 37 (+5)
12% more capital invested
Capital invested by funds: $44.4M → $49.8M (+$5.38M)
1.01% less ownership
Funds ownership: 7.8% → 6.79% (-1%)
33% less call options, than puts
Call options by funds: $73.7M | Put options by funds: $111M
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: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$5.08M |
| 2 |
Two Sigma Investments
New York
|
+$4.36M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.89M |
| 4 |
Two Sigma Advisers
New York
|
+$1.84M |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$11.3M |
| 2 |
PSW
Portfolio Strategies (Washington)
Tacoma,
Washington
|
-$3.15M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.61M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$948K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$521K |
SPXL Hedge Fund Activity: Q3 2017 in Review
37 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2017, worth a combined $49.8M — up 12% from $44.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SPXL positions and 5 closed out — a net gain of 5 holders — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $5.08M. The largest seller was Susquehanna International Group, cutting an estimated $11.3M.
- 37 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2017, up from 32 in Q2 2017.
- Funds reported $49.8M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2017, up 12% quarter-over-quarter.
- 10 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2017 and 5 closed out, a net change of +5 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2017 was Virtu Financial, an estimated $5.08M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2017 was Susquehanna International Group, an estimated $11.3M sold.
Based on aggregated 13F filings for Q3 2017.