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Direxion Daily S&P 500 Bear 3x ETF
SPXS

33 hedge funds and large institutions have $46.2M invested in Direxion Daily S&P 500 Bear 3x ETF in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more capital invested

Capital invested by funds: $24.2M → $46.2M (+$22M)

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

18% more funds holding

Funds holding: 28 → 33 (+5)

7% more call options, than puts

Call options by funds: $41.3M | Put options by funds: $38.7M

0.07% more ownership

Funds ownership: 0.08% → 0.15% (+0.07%)

0% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 8

Holders
33
Holders Change
+5
Holders Change %
+17.86%
% of All Funds
0.74%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
11
Increased
8
Reduced
8
Closed
6
Calls
$41.3M
Puts
$38.7M
Net Calls
+$2.69M
Net Calls Change
-$466K

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$6.58M
2
ACM
Avalon Capital Management
California
+$3.67M
3
DS
DRW Securities
Illinois
+$2.71M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.5M
5
VF
Virtu Financial
New York
+$1.86M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$2.76M
2
Citadel Advisors
Citadel Advisors
Florida
-$2.27M
3
RHBC
R.H. Bluestein & Co
Michigan
-$2.16M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.02M
5
HCMT
Highland Capital Management (Texas)
Texas
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$18K -$2.02M -768 -99%
WAM
27
Wealthspire Advisors (Maryland)
Maryland
$17K +$13.2K +5 +500%
OIA
28
Optimum Investment Advisors
Illinois
$12K – – –
FDCDDQ
29
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.16K – – –
MOS
30
MGO One Seven
Ohio
$4K +$5.27K +2 New
APA
31
American Portfolios Advisors
New York
$3.63K +$2.63K +1 New
CG
32
Cutler Group
California
$3K -$5.27K -2 -67%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$3K -$2.63K -1 -50%
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
– -$2.76M -1,287 Closed
Citadel Advisors
35
Citadel Advisors
Florida
– -$2.27M -860 Closed
HCMT
36
Highland Capital Management (Texas)
Texas
– -$1.07M -500 Closed
AAS
37
Annex Advisory Services
Wisconsin
– -$214K -100 Closed
TWA
38
TCI Wealth Advisors
Arizona
– -$58K -27 Closed
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
– -$43K -20 Closed
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SPXS Hedge Fund Activity: Q4 2018 in Review

33 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2018, worth a combined $46.2M — up 91% from $24.2M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SPXS positions and 6 closed out — a net gain of 5 holders — while 8 added to existing stakes and 8 trimmed.

The largest buyer was Deutsche Bank, opening a new position worth an estimated $6.58M. The largest seller was Bank of Montreal, exiting entirely with an estimated $2.76M sold.

  • 33 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2018, up from 28 in Q3 2018.
  • Funds reported $46.2M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2018, up 91% quarter-over-quarter.
  • 11 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2018 and 6 closed out, a net change of +5 holders.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2018 was Deutsche Bank, an estimated $6.58M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2018 was Bank of Montreal, an estimated $2.76M sold.

Based on aggregated 13F filings for Q4 2018.