Direxion Daily S&P 500 Bull 3x ETF
SPXL
60 hedge funds and large institutions have $60.2M invested in Direxion Daily S&P 500 Bull 3x ETF in 2020 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 9 increasing their positions, 20 reducing their positions, and 19 closing their positions.
130% more call options, than puts
Call options by funds: $314M | Put options by funds: $136M
1.45% less ownership
Funds ownership: 5.62% → 4.17% (-1.5%)
8% less funds holding
Funds holding: 65 → 60 (-5)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
28% less capital invested
Capital invested by funds: $83.4M → $60.2M (-$23.2M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
55% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.75M |
| 2 |
CG
Cutler Group
San Francisco,
California
|
+$1.55M |
| 3 |
LSA
Lion Street Advisors
Austin,
Texas
|
+$1.4M |
| 4 |
SG Americas Securities
New York
|
+$998K |
| 5 |
SCM
Shelton Capital Management
Denver,
Colorado
|
+$931K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$15.9M |
| 2 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$7.24M |
| 3 |
VF
Virtu Financial
New York
|
-$5.15M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
-$4.95M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.71M |
SPXL Hedge Fund Activity: Q3 2020 in Review
60 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q3 2020, worth a combined $60.2M — down 28% from $83.4M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SPXL and 15 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 9 added.
The largest buyer was Jane Street, adding an estimated $2.75M. The largest seller was IMC Chicago, cutting an estimated $15.9M.
- 60 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q3 2020, down from 65 in Q2 2020.
- Funds reported $60.2M of Direxion Daily S&P 500 Bull 3x ETF stock for Q3 2020, down 28% quarter-over-quarter.
- 15 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q3 2020 and 19 closed out, a net change of -4 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q3 2020 was Jane Street, an estimated $2.75M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q3 2020 was IMC Chicago, an estimated $15.9M sold.
Based on aggregated 13F filings for Q3 2020.