Direxion Daily S&P 500 Bear 3x ETF
SPXS
35 hedge funds and large institutions have $31.1M invested in Direxion Daily S&P 500 Bear 3x ETF in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 11 closing their positions.
84% more capital invested
Capital invested by funds: $16.8M → $31.1M (+$14.2M)
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
13% more funds holding
Funds holding: 31 → 35 (+4)
0.01% more ownership
Funds ownership: 0.01% → 0.01% (+0.01%)
43% less call options, than puts
Call options by funds: $16.5M | Put options by funds: $28.7M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$11.9M |
| 2 |
VF
Virtu Financial
New York
|
+$6.02M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.4M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.29M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JT
Jump Trading
Chicago,
Illinois
|
-$3.2M |
| 2 |
KC
Kingfisher Capital
Charlotte,
North Carolina
|
-$2.46M |
| 3 |
AAA
Adams Asset Advisors
Dallas,
Texas
|
-$724K |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
-$403K |
| 5 |
EWM
Edge Wealth Management
New York
|
-$368K |
SPXS Hedge Fund Activity: Q4 2016 in Review
35 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2016, worth a combined $31.1M — up 84% from $16.8M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SPXS positions and 11 closed out — a net gain of 5 holders — while 3 added to existing stakes and 11 trimmed.
The largest buyer was Canal Insurance Company, opening a new position worth an estimated $11.9M. The largest seller was Jump Trading, exiting entirely with an estimated $3.2M sold.
- 35 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2016, up from 31 in Q3 2016.
- Funds reported $31.1M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2016, up 84% quarter-over-quarter.
- 16 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2016 and 11 closed out, a net change of +5 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2016 was Canal Insurance Company, an estimated $11.9M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2016 was Jump Trading, an estimated $3.2M sold.
Based on aggregated 13F filings for Q4 2016.