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Direxion Daily S&P 500 Bear 3x ETF
SPXS

39 hedge funds and large institutions have $30.7M invested in Direxion Daily S&P 500 Bear 3x ETF in 2021 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more call options, than puts

Call options by funds: $48M | Put options by funds: $13.2M

0.68% more ownership

Funds ownership: 0.06% → 0.75% (+0.68%)

7% less capital invested

Capital invested by funds: $33M → $30.7M (-$2.3M)

11% less funds holding

Funds holding: 44 → 39 (-5)

22% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 23

44% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
39
Holders Change
-5
Holders Change %
-11.36%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
18
Increased
5
Reduced
9
Closed
23
Calls
$48M
Puts
$13.2M
Net Calls
+$34.8M
Net Calls Change
+$28.7M

Top Buyers

Rank Fund Capital Flow
1
JF
Jump Financial
Illinois
+$8.55M
2
Citadel Advisors
Citadel Advisors
Florida
+$3.46M
3
HF
HRT Financial
New York
+$3.23M
4
VF
Virtu Financial
New York
+$2.21M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
CG
Cutler Group
California
-$3.53M
2
LSA
Lion Street Advisors
Texas
-$2.2M
3
TSS
Two Sigma Securities
New York
-$2.1M
4
IMC Chicago
IMC Chicago
Illinois
-$1.9M
5
FTUS
Flow Traders U.S.
New York
-$1.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
26
Spire Wealth Management
Virginia
$18K +$20K +57 New
S
27
SignatureFD
Georgia
$9K – – –
TCWA
28
Ten Capital Wealth Advisors
Washington
$9K – – –
FCM
29
Firestone Capital Management
Florida
$8K – – –
Qube Research & Technologies (QRT)
30
Qube Research & Technologies (QRT)
United Kingdom
$6K +$6.31K +18 New
WWM
31
Wolff Wiese Magana
California
$5K +$5.96K +17 New
TCM
32
Tradewinds Capital Management
Washington
$4K +$3.85K +11 New
HWM
33
HighMark Wealth Management
Minnesota
$3K – – –
HI
34
Harbour Investments
Wisconsin
$3K +$3.5K +10 New
FDCDDQ
35
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.69K – – –
Osaic Holdings
36
Osaic Holdings
Arizona
$1K +$350 +1 +50%
MS
37
Mizuho Securities
Japan
$1K +$1.05K +3 New
NSIM
38
North Star Investment Management
Illinois
$1K +$1.4K +4 New
LSA
39
Lion Street Advisors
Texas
– -$2.2M -5,011 Closed
IMC Chicago
40
IMC Chicago
Illinois
– -$1.9M -4,846 Closed
FTUS
41
Flow Traders U.S.
New York
– -$1.73M -4,429 Closed
Simplex Trading
42
Simplex Trading
Illinois
– -$1.56M -3,990 Closed
Barclays
43
Barclays
United Kingdom
– -$110K -283 Closed
XS
44
XR Securities
Illinois
– -$102K -261 Closed
Jane Street
45
Jane Street
New York
– -$89.3K -255 Closed
QC
46
QCM Cayman
Texas
– -$94K -241 Closed
I
47
INVST
Indiana
– -$91K -233 Closed
Citigroup
48
Citigroup
New York
– -$84K -215 Closed
DAS
49
Dynamic Advisor Solutions
Arizona
– -$76K -195 Closed
GPA
50
Guidance Point Advisors
Massachusetts
– -$56K -146 Closed
1
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3

SPXS Hedge Fund Activity: Q1 2021 in Review

39 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2021, worth a combined $30.7M — down 7% from $33M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of SPXS and 18 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 5 added.

The largest buyer was Jump Financial, opening a new position worth an estimated $8.55M. The largest seller was Cutler Group, cutting an estimated $3.53M.

  • 39 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2021, down from 44 in Q4 2020.
  • Funds reported $30.7M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2021, down 7% quarter-over-quarter.
  • 18 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2021 and 23 closed out, a net change of -5 holders.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2021 was Jump Financial, an estimated $8.55M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2021 was Cutler Group, an estimated $3.53M sold.

Based on aggregated 13F filings for Q1 2021.