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.
78% more call options, than puts
Call options by funds: $35.1M | Put options by funds: $19.8M
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
| Rank | Fund | Capital Flow |
|---|---|---|
| 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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AT
Allston Trading
Chicago,
Illinois
|
-$9.96M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.6M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.19M |
| 4 |
PSW
Portfolio Strategies (Washington)
Tacoma,
Washington
|
-$2.45M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.3M |
SPXL Hedge Fund Activity: Q1 2014 in Review
29 of the 3,475 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.