Direxion Daily S&P 500 Bull 3x ETF
SPXL
32 hedge funds and large institutions have $44.4M invested in Direxion Daily S&P 500 Bull 3x ETF in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 14 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
22% less funds holding
Funds holding: 41 → 32 (-9)
30% less call options, than puts
Call options by funds: $70.1M | Put options by funds: $101M
36% less capital invested
Capital invested by funds: $69.2M → $44.4M (-$24.8M)
43.8% less ownership
Funds ownership: 51.6% → 7.8% (-44%)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
64% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PSW
Portfolio Strategies (Washington)
Tacoma,
Washington
|
+$3.05M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.07M |
| 3 |
Barclays
London,
United Kingdom
|
+$817K |
| 4 |
Two Sigma Advisers
New York
|
+$390K |
| 5 |
AFP
Ausdal Financial Partners
Davenport,
Iowa
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CT
CMT Trading
Chicago,
Illinois
|
-$7.17M |
| 2 |
Two Sigma Investments
New York
|
-$6.29M |
| 3 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
-$5.14M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$5.01M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.75M |
SPXL Hedge Fund Activity: Q2 2017 in Review
32 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2017, worth a combined $44.4M — down 36% from $69.2M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of SPXL and 6 opened new positions — a net loss of 9 holders — while 14 trimmed existing stakes and 5 added.
The largest buyer was Portfolio Strategies (Washington), opening a new position worth an estimated $3.05M. The largest seller was CMT Trading, exiting entirely with an estimated $7.17M sold.
- 32 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2017, down from 41 in Q1 2017.
- Funds reported $44.4M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2017, down 36% quarter-over-quarter.
- 6 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2017 and 15 closed out, a net change of -9 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2017 was Portfolio Strategies (Washington), an estimated $3.05M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2017 was CMT Trading, an estimated $7.17M sold.
Based on aggregated 13F filings for Q2 2017.