Direxion Daily S&P 500 Bull 3x ETF
SPXL
44 hedge funds and large institutions have $43.1M invested in Direxion Daily S&P 500 Bull 3x ETF in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
22% more funds holding
Funds holding: 36 → 44 (+8)
12% less capital invested
Capital invested by funds: $48.8M → $43.1M (-$5.66M)
12.48% less ownership
Funds ownership: 37.4% → 24.92% (-12%)
12% less call options, than puts
Call options by funds: $66.1M | Put options by funds: $75.5M
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.26M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.87M |
| 3 |
GA
Geneva Advisors
Chicago,
Illinois
|
+$2.09M |
| 4 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
+$780K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$12.8M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$4.22M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.81M |
| 4 |
Citigroup
New York
|
-$2.31M |
| 5 |
Two Sigma Investments
New York
|
-$1.4M |
SPXL Hedge Fund Activity: Q4 2015 in Review
44 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q4 2015, worth a combined $43.1M — down 12% from $48.8M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SPXL positions and 8 closed out — a net gain of 8 holders — while 9 added to existing stakes and 15 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $5.26M. The largest seller was Virtu Financial, exiting entirely with an estimated $12.8M sold.
- 44 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q4 2015, up from 36 in Q3 2015.
- Funds reported $43.1M of Direxion Daily S&P 500 Bull 3x ETF stock for Q4 2015, down 12% quarter-over-quarter.
- 16 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q4 2015 and 8 closed out, a net change of +8 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q4 2015 was Royal Bank of Canada, an estimated $5.26M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q4 2015 was Virtu Financial, an estimated $12.8M sold.
Based on aggregated 13F filings for Q4 2015.