Direxion Daily S&P 500 Bear 3x ETF
SPXS
27 hedge funds and large institutions have $27.4M invested in Direxion Daily S&P 500 Bear 3x ETF in 2017 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 8 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
0.02% more ownership
Funds ownership: 0.07% → 0.09% (+0.02%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less capital invested
Capital invested by funds: $29M → $27.4M (-$1.66M)
7% less funds holding
Funds holding: 29 → 27 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
37% less call options, than puts
Call options by funds: $13.5M | Put options by funds: $21.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.42M |
| 2 |
VF
Virtu Financial
New York
|
+$3.02M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.22M |
| 4 |
Jane Street
New York
|
+$1.13M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$768K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$1.56M |
| 2 |
Morgan Stanley
New York
|
-$1.39M |
| 3 |
DS
DRW Securities
Chicago,
Illinois
|
-$1.06M |
| 4 |
AAS
Annex Advisory Services
Brookfield,
Wisconsin
|
-$854K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$745K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $2K | – | – | – |
|
27
Walleye Trading
New York
| $1.07K | +$203K | +62 | +21% |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $1K | – | – | – |
|
|
FTUS
29
Flow Traders U.S.
New York
| – | -$1.56M | -429 | Closed |
|
|
AAS
30
Annex Advisory Services
Brookfield,
Wisconsin
| – | -$854K | -235 | Closed |
|
31
Barclays
London,
United Kingdom
| – | -$246K | -75 | Closed |
|
32
Simplex Trading
Chicago,
Illinois
| – | -$180K | -50 | Closed |
|
|
CG
33
Cutler Group
San Francisco,
California
| – | -$82K | -25 | Closed |
|
|
CT
34
CMT Trading
Chicago,
Illinois
| – | -$512K | -20 | Closed |
|
|
FANJ
35
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$4K | -1 | Closed |
|
36
UBS Group
Zurich,
Switzerland
| – | -$3K | -1 | Closed |
|
SPXS Hedge Fund Activity: Q4 2017 in Review
27 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2017, worth a combined $27.4M — down 5.7% from $29M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SPXS and 6 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 9 added.
The largest buyer was Susquehanna International Group, adding an estimated $3.42M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $1.56M sold.
- 27 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2017, down from 29 in Q3 2017.
- Funds reported $27.4M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2017, down 5.7% quarter-over-quarter.
- 6 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2017 and 8 closed out, a net change of -2 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2017 was Susquehanna International Group, an estimated $3.42M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2017 was Flow Traders U.S., an estimated $1.56M sold.
Based on aggregated 13F filings for Q4 2017.