Direxion Daily S&P 500 Bull 3x ETF
SPXL
40 hedge funds and large institutions have $40M invested in Direxion Daily S&P 500 Bull 3x ETF in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 22 reducing their positions, and 7 closing their positions.
74% more call options, than puts
Call options by funds: $58.6M | Put options by funds: $33.7M
0% more funds holding
Funds holding: 40 → 40 (0)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
6.56% less ownership
Funds ownership: 34.82% → 28.26% (-6.6%)
27% less capital invested
Capital invested by funds: $54.5M → $40M (-$14.6M)
68% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$2.05M |
| 2 |
JT
Jump Trading
Chicago,
Illinois
|
+$1.31M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.19M |
| 4 |
BPGAM
BTG Pactual Global Asset Management
Hamilton,
Bermuda
|
+$939K |
| 5 |
Two Sigma Investments
New York
|
+$502K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.19M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.7M |
| 3 |
Barclays
London,
United Kingdom
|
-$2.46M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.24M |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$1.18M |
SPXL Hedge Fund Activity: Q1 2015 in Review
40 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2015, worth a combined $40M — down 27% from $54.5M a quarter earlier.
Fund positioning in SPXL was balanced in Q1 2015: 7 funds opened new positions, 7 closed out, 7 added to existing stakes and 22 trimmed.
The largest buyer was Tuttle Capital Management, opening a new position worth an estimated $2.05M. The largest seller was Royal Bank of Canada, cutting an estimated $6.19M.
- 40 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2015, unchanged from Q4 2014.
- Funds reported $40M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2015, down 27% quarter-over-quarter.
- 7 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2015 and 7 closed out, a net change of 0 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2015 was Tuttle Capital Management, an estimated $2.05M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2015 was Royal Bank of Canada, an estimated $6.19M sold.
Based on aggregated 13F filings for Q1 2015.