Direxion Daily S&P 500 Bull 3x ETF
SPXL
78 hedge funds and large institutions have $246M invested in Direxion Daily S&P 500 Bull 3x ETF in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 14 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
237% more capital invested
Capital invested by funds: $73.1M → $246M (+$173M)
43% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 14
15% more call options, than puts
Call options by funds: $171M | Put options by funds: $149M
7.27% more ownership
Funds ownership: 4.63% → 11.9% (+7.3%)
5% more funds holding
Funds holding: 74 → 78 (+4)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$67.6M |
| 2 |
KFS
Kelly Financial Services
Braintree,
Massachusetts
|
+$49.3M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$4.48M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.35M |
| 5 |
HF
HRT Financial
New York
|
+$4.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
-$3.84M |
| 2 |
Morgan Stanley
New York
|
-$3.26M |
| 3 |
JF
Jump Financial
Chicago,
Illinois
|
-$3.11M |
| 4 |
CG
Cutler Group
San Francisco,
California
|
-$2.08M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.52M |
SPXL Hedge Fund Activity: Q2 2021 in Review
78 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q2 2021, worth a combined $246M — up 237% from $73.1M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SPXL positions and 14 closed out — a net gain of 6 holders — while 16 added to existing stakes and 23 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $67.6M. The largest seller was Wolverine Trading, exiting entirely with an estimated $3.84M sold.
- 78 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q2 2021, up from 74 in Q1 2021.
- Funds reported $246M of Direxion Daily S&P 500 Bull 3x ETF stock for Q2 2021, up 237% quarter-over-quarter.
- 20 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q2 2021 and 14 closed out, a net change of +6 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q2 2021 was Susquehanna International Group, an estimated $67.6M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q2 2021 was Wolverine Trading, an estimated $3.84M sold.
Based on aggregated 13F filings for Q2 2021.