Direxion Daily S&P 500 Bear 3x ETF
SPXS
29 hedge funds and large institutions have $29M invested in Direxion Daily S&P 500 Bear 3x ETF in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
12% more funds holding
Funds holding: 26 → 29 (+3)
0% more ownership
Funds ownership: 0.07% → 0.07% (+0%)
2% less capital invested
Capital invested by funds: $29.5M → $29M (-$478K)
45% less call options, than puts
Call options by funds: $13.6M | Put options by funds: $24.9M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$3.11M |
| 2 |
Morgan Stanley
New York
|
+$2.05M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$1.45M |
| 4 |
Walleye Trading
New York
|
+$922K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$817K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$3.81M |
| 2 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$1.39M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.23M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
-$319K |
| 5 |
CT
CMT Trading
Chicago,
Illinois
|
-$159K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
26
Financial Architects (New Jersey)
Marlton,
New Jersey
| $4K | +$3.89K | +1 | New |
|
27
UBS Group
Zurich,
Switzerland
| $3K | -$38.9K | -10 | -91% |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | – | – | – |
|
|
WAM
29
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $2K | – | – | – |
|
|
30
Walleye Trading
New York
| $1.07K | +$922K | +237 | +402% |
|
|
IA
31
IFP Advisors
Tampa,
Florida
| $1K | – | – | – |
|
|
ACM
32
Avalon Capital Management
Port Of Redwood City,
California
| – | -$1.39M | -336 | Closed |
|
|
BWA
33
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$41K | -10 | Closed |
|
34
Creative Planning
Overland Park,
Kansas
| – | -$15K | -4 | Closed |
|
SPXS Hedge Fund Activity: Q3 2017 in Review
29 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q3 2017, worth a combined $29M — down 1.6% from $29.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SPXS positions and 3 closed out — a net gain of 4 holders — while 11 added to existing stakes and 5 trimmed.
The largest buyer was Canal Insurance Company, adding an estimated $3.11M. The largest seller was Virtu Financial, cutting an estimated $3.81M.
- 29 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q3 2017, up from 26 in Q2 2017.
- Funds reported $29M of Direxion Daily S&P 500 Bear 3x ETF stock for Q3 2017, down 1.6% quarter-over-quarter.
- 7 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q3 2017 and 3 closed out, a net change of +4 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q3 2017 was Canal Insurance Company, an estimated $3.11M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q3 2017 was Virtu Financial, an estimated $3.81M sold.
Based on aggregated 13F filings for Q3 2017.