Direxion Daily S&P 500 Bull 3x ETF
SPXL
36 hedge funds and large institutions have $37.5M invested in Direxion Daily S&P 500 Bull 3x ETF in 2015 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 20 reducing their positions, and 9 closing their positions.
3.6% more ownership
Funds ownership: 28.26% → 31.86% (+3.6%)
6% more call options, than puts
Call options by funds: $41.8M | Put options by funds: $39.6M
6% less capital invested
Capital invested by funds: $40M → $37.5M (-$2.49M)
10% less funds holding
Funds holding: 40 → 36 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
60% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$12M |
| 2 |
JP Morgan Chase
New York
|
+$1.03M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$940K |
| 4 |
Jane Street
New York
|
+$315K |
| 5 |
NA
Navellier & Associates
Reno,
Nevada
|
+$265K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$5.43M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.1M |
| 3 |
Morgan Stanley
New York
|
-$1.7M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.65M |
| 5 |
JT
Jump Trading
Chicago,
Illinois
|
-$1.38M |
SPXL Hedge Fund Activity: Q2 2015 in Review
36 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2015, worth a combined $37.5M — down 6.2% from $40M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SPXL and 5 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 8 added.
The largest buyer was Tuttle Capital Management, adding an estimated $12M. The largest seller was Barclays, cutting an estimated $5.43M.
- 36 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2015, down from 40 in Q1 2015.
- Funds reported $37.5M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2015, down 6.2% quarter-over-quarter.
- 5 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2015 and 9 closed out, a net change of -4 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2015 was Tuttle Capital Management, an estimated $12M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2015 was Barclays, an estimated $5.43M sold.
Based on aggregated 13F filings for Q2 2015.