Direxion Daily S&P 500 Bull 3x ETF
SPXL
74 hedge funds and large institutions have $73.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2021 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 13 increasing their positions, 19 reducing their positions, and 27 closing their positions.
1% more call options, than puts
Call options by funds: $146M | Put options by funds: $145M
2.43% less ownership
Funds ownership: 7.06% → 4.63% (-2.4%)
5% less funds holding
Funds holding: 78 → 74 (-4)
11% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 27
32% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 19
39% less capital invested
Capital invested by funds: $120M → $73.1M (-$47M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Simplex Trading
Chicago,
Illinois
|
+$4.43M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
+$3.59M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.91M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.1M |
| 5 |
CG
Cutler Group
San Francisco,
California
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$23.9M |
| 2 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$12.8M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$10.2M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$4.26M |
| 5 |
LSA
Lion Street Advisors
Austin,
Texas
|
-$2.87M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
101
Simplex Trading
Chicago,
Illinois
| – | +$4.43M | +56,385 | +41% |
|
SPXL Hedge Fund Activity: Q1 2021 in Review
74 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2021, worth a combined $73.1M — down 39% from $120M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of SPXL and 24 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 13 added.
The largest buyer was Simplex Trading, adding an estimated $4.43M. The largest seller was Susquehanna International Group, cutting an estimated $23.9M.
- 74 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2021, down from 78 in Q4 2020.
- Funds reported $73.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2021, down 39% quarter-over-quarter.
- 24 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2021 and 27 closed out, a net change of -3 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2021 was Simplex Trading, an estimated $4.43M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2021 was Susquehanna International Group, an estimated $23.9M sold.
Based on aggregated 13F filings for Q1 2021.