Direxion Daily S&P 500 Bear 3x ETF
SPXS
35 hedge funds and large institutions have $35.7M invested in Direxion Daily S&P 500 Bear 3x ETF in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 7 closing their positions.
76% more call options, than puts
Call options by funds: $50.9M | Put options by funds: $29M
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
6% more funds holding
Funds holding: 33 → 35 (+2)
0.06% less ownership
Funds ownership: 0.15% → 0.09% (-0.06%)
23% less capital invested
Capital invested by funds: $46.2M → $35.7M (-$10.5M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$3.03M |
| 2 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$2.4M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.98M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.76M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$4.29M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
-$3.17M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
-$576K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$549K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$456K |
SPXS Hedge Fund Activity: Q1 2019 in Review
35 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2019, worth a combined $35.7M — down 23% from $46.2M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SPXS positions and 7 closed out — a net gain of 2 holders — while 10 added to existing stakes and 8 trimmed.
The largest buyer was Tuttle Capital Management, opening a new position worth an estimated $3.03M. The largest seller was Avalon Capital Management, exiting entirely with an estimated $4.29M sold.
- 35 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2019, up from 33 in Q4 2018.
- Funds reported $35.7M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2019, down 23% quarter-over-quarter.
- 9 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2019 and 7 closed out, a net change of +2 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2019 was Tuttle Capital Management, an estimated $3.03M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2019 was Avalon Capital Management, an estimated $4.29M sold.
Based on aggregated 13F filings for Q1 2019.