Direxion Daily S&P 500 Bear 3x ETF
SPXS
29 hedge funds and large institutions have $32.3M invested in Direxion Daily S&P 500 Bear 3x ETF in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 4 closing their positions.
179% more call options, than puts
Call options by funds: $32.7M | Put options by funds: $11.7M
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
4% more funds holding
Funds holding: 28 → 29 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.04% less ownership
Funds ownership: 0.14% → 0.1% (-0.04%)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
27% less capital invested
Capital invested by funds: $44.2M → $32.3M (-$11.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.88M |
| 2 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$2.72M |
| 3 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$1.54M |
| 4 |
SG Americas Securities
New York
|
+$1.32M |
| 5 |
Lido Advisors
Los Angeles,
California
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$5.48M |
| 2 |
VF
Virtu Financial
New York
|
-$4.32M |
| 3 |
Barclays
London,
United Kingdom
|
-$3.45M |
| 4 |
Jane Street
New York
|
-$2.17M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
26
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $5.29K | – | – | – |
|
|
FANJ
27
Financial Architects (New Jersey)
Marlton,
New Jersey
| $5K | +$5.43K | +2 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | – | – | – |
|
|
WAM
29
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $2K | – | – | – |
|
|
CS
30
Credit Suisse
Zurich,
Switzerland
| – | -$200K | -68 | Closed |
|
31
UBS Group
Zurich,
Switzerland
| – | -$135K | -46 | Closed |
|
|
CG
32
Cutler Group
San Francisco,
California
| – | -$27.2K | -10 | Closed |
|
|
EWM
33
Edge Wealth Management
New York
| – | -$4K | -1 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$1K | – | – |
|
SPXS Hedge Fund Activity: Q2 2018 in Review
29 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q2 2018, worth a combined $32.3M — down 27% from $44.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new SPXS positions and 4 closed out — a net gain of 1 holder — while 7 added to existing stakes and 8 trimmed.
The largest buyer was Bank of Montreal, opening a new position worth an estimated $2.88M. The largest seller was Wolverine Asset Management, cutting an estimated $5.48M.
- 29 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q2 2018, up from 28 in Q1 2018.
- Funds reported $32.3M of Direxion Daily S&P 500 Bear 3x ETF stock for Q2 2018, down 27% quarter-over-quarter.
- 5 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q2 2018 and 4 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q2 2018 was Bank of Montreal, an estimated $2.88M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q2 2018 was Wolverine Asset Management, an estimated $5.48M sold.
Based on aggregated 13F filings for Q2 2018.