Direxion Daily S&P 500 Bull 3x ETF
SPXL
40 hedge funds and large institutions have $60M invested in Direxion Daily S&P 500 Bull 3x ETF in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 9 closing their positions.
46% more capital invested
Capital invested by funds: $41.1M → $60M (+$18.8M)
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
24.33% more ownership
Funds ownership: 29.17% → 53.51% (+24%)
1% more call options, than puts
Call options by funds: $203M | Put options by funds: $201M
7% less funds holding
Funds holding: 43 → 40 (-3)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$4.31M |
| 2 |
GA
GFS Advisors
Houston,
Texas
|
+$3.59M |
| 3 |
Jane Street
New York
|
+$3.04M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.35M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$1.66M |
| 2 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
-$1.19M |
| 3 |
Morgan Stanley
New York
|
-$889K |
| 4 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$643K |
| 5 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
-$628K |
SPXL Hedge Fund Activity: Q2 2016 in Review
40 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2016, worth a combined $60M — up 46% from $41.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SPXL and 6 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Goldman Sachs, adding an estimated $4.31M. The largest seller was Barclays, cutting an estimated $1.66M.
- 40 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2016, down from 43 in Q1 2016.
- Funds reported $60M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2016, up 46% quarter-over-quarter.
- 6 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2016 and 9 closed out, a net change of -3 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2016 was Goldman Sachs, an estimated $4.31M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2016 was Barclays, an estimated $1.66M sold.
Based on aggregated 13F filings for Q2 2016.