Direxion Daily S&P 500 Bear 3x ETF
SPXS
24 hedge funds and large institutions have $13.9M invested in Direxion Daily S&P 500 Bear 3x ETF in 2015 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 12 closing their positions.
76% more call options, than puts
Call options by funds: $58.1M | Put options by funds: $32.9M
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
0.01% less ownership
Funds ownership: 0.02% → 0.01% (-0.01%)
14% less funds holding
Funds holding: 28 → 24 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
68% less capital invested
Capital invested by funds: $43.5M → $13.9M (-$29.6M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.03M |
| 2 |
Barclays
London,
United Kingdom
|
+$740K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$396K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$327K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$15M |
| 2 |
RC
Randolph Company
Cincinnati,
Ohio
|
-$4.33M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$3M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$1.89M |
| 5 |
Jane Street
New York
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
26
Virtu Financial
New York
| – | -$15M | -1,386 | Closed |
|
|
RC
27
Randolph Company
Cincinnati,
Ohio
| – | -$4.33M | -401 | Closed |
|
|
28
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$3M | -278 | Closed |
|
|
29
Creative Planning
Overland Park,
Kansas
| – | -$1.89M | -175 | Closed |
|
|
ACM
30
Avalon Capital Management
Port Of Redwood City,
California
| – | -$1.09M | -101 | Closed |
|
|
FBNAT
31
FirstMerit Bank N.A. Trustee
Akron,
Ohio
| – | -$852K | -79 | Closed |
|
|
TSS
32
Two Sigma Securities
New York
| – | -$656K | -61 | Closed |
|
33
Koshinski Asset Management
Decatur,
Illinois
| – | -$254K | -27 | Closed |
|
|
CS
34
Credit Suisse
Zurich,
Switzerland
| – | -$201K | -19 | Closed |
|
35
Citadel Advisors
Miami,
Florida
| – | -$34K | -3 | Closed |
|
|
RBC
36
Roble Belko & Company
Sewickley,
Pennsylvania
| – | -$7K | -1 | Closed |
|
|
SSG
37
Summit Securities Group
New York
| – | -$6K | -1 | Closed |
|
SPXS Hedge Fund Activity: Q4 2015 in Review
24 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2015, worth a combined $13.9M — down 68% from $43.5M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SPXS and 8 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 7 added.
The largest buyer was Susquehanna International Group, adding an estimated $1.03M. The largest seller was Virtu Financial, exiting entirely with an estimated $15M sold.
- 24 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2015, down from 28 in Q3 2015.
- Funds reported $13.9M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2015, down 68% quarter-over-quarter.
- 8 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2015 and 12 closed out, a net change of -4 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2015 was Susquehanna International Group, an estimated $1.03M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2015 was Virtu Financial, an estimated $15M sold.
Based on aggregated 13F filings for Q4 2015.