Direxion Daily S&P 500 Bear 3x ETF
SPXS
28 hedge funds and large institutions have $44.2M invested in Direxion Daily S&P 500 Bear 3x ETF in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 6 closing their positions.
379% more call options, than puts
Call options by funds: $74.5M | Put options by funds: $15.5M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
61% more capital invested
Capital invested by funds: $27.4M → $44.2M (+$16.8M)
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
4% more funds holding
Funds holding: 27 → 28 (+1)
0.05% more ownership
Funds ownership: 0.09% → 0.14% (+0.05%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$6.45M |
| 2 |
VF
Virtu Financial
New York
|
+$4.62M |
| 3 |
Barclays
London,
United Kingdom
|
+$3.78M |
| 4 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$2.62M |
| 5 |
Jane Street
New York
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$2.9M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.74M |
| 3 |
Walleye Trading
New York
|
-$982K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$469K |
| 5 |
IC
Intersect Capital
San Ramon,
California
|
-$360K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
26
Edge Wealth Management
New York
| $4K | -$19.3K | -7 | -88% |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | – | – | – |
|
|
WAM
28
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $2K | – | – | – |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| $1K | – | – | – |
|
|
30
Parallax Volatility Advisers
San Francisco,
California
| – | -$2.9M | -966 | Closed |
|
|
31
Citadel Advisors
Miami,
Florida
| – | -$469K | -170 | Closed |
|
|
IC
32
Intersect Capital
San Ramon,
California
| – | -$360K | -120 | Closed |
|
|
DS
33
DRW Securities
Chicago,
Illinois
| – | -$311K | -104 | Closed |
|
|
CA
34
Calton & Associates
Tampa,
Florida
| – | -$28K | -11 | Closed |
|
35
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$21K | -7 | Closed |
|
SPXS Hedge Fund Activity: Q1 2018 in Review
28 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2018, worth a combined $44.2M — up 61% from $27.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SPXS positions and 6 closed out — a net gain of 1 holder — while 8 added to existing stakes and 6 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $6.45M. The largest seller was Parallax Volatility Advisers, exiting entirely with an estimated $2.9M sold.
- 28 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2018, up from 27 in Q4 2017.
- Funds reported $44.2M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2018, up 61% quarter-over-quarter.
- 7 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2018 and 6 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2018 was Wolverine Asset Management, an estimated $6.45M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2018 was Parallax Volatility Advisers, an estimated $2.9M sold.
Based on aggregated 13F filings for Q1 2018.