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Direxion Daily S&P 500 Bear 3x ETF
SPXS

32 hedge funds and large institutions have $27M invested in Direxion Daily S&P 500 Bear 3x ETF in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more call options, than puts

Call options by funds: $43.2M | Put options by funds: $23.6M

30% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 10

0.01% less ownership

Funds ownership: 0.08% → 0.07% (-0.01%)

9% less funds holding

Funds holding: 35 → 32 (-3)

33% less capital invested

Capital invested by funds: $40.6M → $27M (-$13.5M)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
32
Holders Change
-3
Holders Change %
-8.57%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
13
Reduced
10
Closed
8
Calls
$43.2M
Puts
$23.6M
Net Calls
+$19.6M
Net Calls Change
-$13.2M

Top Buyers

Rank Fund Capital Flow
1
CIC
Canal Insurance Company
South Carolina
+$4.62M
2
DS
DRW Securities
Illinois
+$1.9M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.76M
4
Mariner
Mariner
Kansas
+$1.16M
5
G
Gainplan
Michigan
+$771K

Top Sellers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
-$4.27M
2
WAM
Wolverine Asset Management
Illinois
-$1.3M
3
BF
BOK Financial
Oklahoma
-$1.09M
4
TRCT
Tower Research Capital (TRC)
New York
-$1.03M
5
Simplex Trading
Simplex Trading
Illinois
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIFH
26
Migdal Insurance & Financial Holdings
Israel
$104K – – –
Walleye Trading
27
Walleye Trading
New York
$94K +$17K +11 +18%
UBS Group
28
UBS Group
Switzerland
$30K +$35.5K +23 New
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$19K -$3.08K -2 -12%
JP Morgan Chase
30
JP Morgan Chase
New York
$9K -$7.71K -5 -42%
FDCDDQ
31
Federation des caisses Desjardins du Quebec
Quebec, Canada
$2.65K – – –
APA
32
American Portfolios Advisors
New York
$1.56K – – –
BF
33
BOK Financial
Oklahoma
– -$1.09M -635 Closed
RHBC
34
R.H. Bluestein & Co
Michigan
– -$772K -450 Closed
MWP
35
MYCIO Wealth Partners
Pennsylvania
– -$648K -378 Closed
FTUS
36
Flow Traders U.S.
New York
– -$621K -362 Closed
TCM
37
Tuttle Capital Management
Connecticut
– -$600K -329 Closed
SG Americas Securities
38
SG Americas Securities
New York
– -$115K -67 Closed
VFA
39
Valeo Financial Advisors
Indiana
– -$61.7K -40 Closed
SFS
40
Sowell Financial Services
Arkansas
– -$1K -1 Closed
1
2

SPXS Hedge Fund Activity: Q4 2019 in Review

32 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2019, worth a combined $27M — down 33% from $40.6M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of SPXS and 5 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 13 added.

The largest buyer was Canal Insurance Company, adding an estimated $4.62M. The largest seller was IMC Chicago, cutting an estimated $4.27M.

  • 32 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2019, down from 35 in Q3 2019.
  • Funds reported $27M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2019, down 33% quarter-over-quarter.
  • 5 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2019 and 8 closed out, a net change of -3 holders.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2019 was Canal Insurance Company, an estimated $4.62M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2019 was IMC Chicago, an estimated $4.27M sold.

Based on aggregated 13F filings for Q4 2019.