Direxion Daily S&P 500 Bear 3x ETF
SPXS
28 hedge funds and large institutions have $24.2M invested in Direxion Daily S&P 500 Bear 3x ETF in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 9 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
38% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $8.27M
0.02% less ownership
Funds ownership: 0.1% → 0.08% (-0.02%)
3% less funds holding
Funds holding: 29 → 28 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
25% less capital invested
Capital invested by funds: $32.3M → $24.2M (-$8.1M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$1.98M |
| 2 |
RHBC
R.H. Bluestein & Co
Birmingham,
Michigan
|
+$1.47M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.21M |
| 4 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$1.15M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$522K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$4.01M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.48M |
| 3 |
Lido Advisors
Los Angeles,
California
|
-$1.39M |
| 4 |
SG Americas Securities
New York
|
-$1.29M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$616K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
26
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $4.28K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $4K | +$2.3K | +1 | +100% |
|
|
WAM
28
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| $1K | – | – | – |
|
|
ACM
29
Avalon Capital Management
Port Of Redwood City,
California
| – | -$4.01M | -1,516 | Closed |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.48M | -558 | Closed |
|
|
31
SG Americas Securities
New York
| – | -$1.29M | -487 | Closed |
|
32
Jane Street
New York
| – | -$547K | -238 | Closed |
|
|
TSS
33
Two Sigma Securities
New York
| – | -$470K | -178 | Closed |
|
34
Barclays
London,
United Kingdom
| – | -$230K | -100 | Closed |
|
|
IG
35
ING Group
Amsterdam,
Netherlands
| – | -$238K | -90 | Closed |
|
36
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$19K | -7 | Closed |
|
|
FANJ
37
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$5K | -2 | Closed |
|
SPXS Hedge Fund Activity: Q3 2018 in Review
28 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q3 2018, worth a combined $24.2M — down 25% from $32.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SPXS and 8 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 8 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $1.98M. The largest seller was Avalon Capital Management, exiting entirely with an estimated $4.01M sold.
- 28 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q3 2018, down from 29 in Q2 2018.
- Funds reported $24.2M of Direxion Daily S&P 500 Bear 3x ETF stock for Q3 2018, down 25% quarter-over-quarter.
- 8 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q3 2018 and 9 closed out, a net change of -1 holder.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q3 2018 was Citadel Advisors, an estimated $1.98M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q3 2018 was Avalon Capital Management, an estimated $4.01M sold.
Based on aggregated 13F filings for Q3 2018.