Direxion Daily S&P 500 Bull 3x ETF
SPXL
41 hedge funds and large institutions have $53.7M invested in Direxion Daily S&P 500 Bull 3x ETF in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 19 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
3% more funds holding
Funds holding: 40 → 41 (+1)
5.41% less ownership
Funds ownership: 53.51% → 48.09% (-5.4%)
10% less capital invested
Capital invested by funds: $60M → $53.7M (-$6.27M)
23% less call options, than puts
Call options by funds: $133M | Put options by funds: $172M
53% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
Two Sigma Investments
New York
|
+$2.19M |
| 2 |
VF
Virtu Financial
New York
|
+$2.16M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.01M |
| 4 |
Two Sigma Advisers
New York
|
+$1.63M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$1.24M |
Top Sellers
| 1 |
Jane Street
New York
|
-$4.58M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.03M |
| 3 |
JT
Jump Trading
Chicago,
Illinois
|
-$3.75M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.05M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.02M |
SPXL Hedge Fund Activity: Q3 2016 in Review
41 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2016, worth a combined $53.7M — down 10% from $60M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new SPXL positions and 7 closed out — a net gain of 1 holder — while 9 added to existing stakes and 19 trimmed.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $2.19M. The largest seller was Jane Street, cutting an estimated $4.58M.
- 41 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2016, up from 40 in Q2 2016.
- Funds reported $53.7M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2016, down 10% quarter-over-quarter.
- 8 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2016 and 7 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2016 was Two Sigma Investments, an estimated $2.19M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2016 was Jane Street, an estimated $4.58M sold.
Based on aggregated 13F filings for Q3 2016.