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Direxion Daily S&P 500 Bear 3x ETF
SPXS

34 hedge funds and large institutions have $16.5M invested in Direxion Daily S&P 500 Bear 3x ETF in 2021 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more call options, than puts

Call options by funds: $27.5M | Put options by funds: $12.5M

50% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 4

0.3% less ownership

Funds ownership: 0.75% → 0.45% (-0.3%)

13% less funds holding

Funds holding: 39 → 34 (-5)

31% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 16

46% less capital invested

Capital invested by funds: $30.7M → $16.5M (-$14.2M)

Holders
34
Holders Change
-5
Holders Change %
-12.82%
% of All Funds
0.59%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
6
Reduced
4
Closed
16
Calls
$27.5M
Puts
$12.5M
Net Calls
+$15M
Net Calls Change
-$19.8M

Top Buyers

Rank Fund Capital Flow
1
JF
Jump Financial
Illinois
+$2.83M
2
FTUS
Flow Traders U.S.
New York
+$896K
3
Simplex Trading
Simplex Trading
Illinois
+$749K
4
Jane Street
Jane Street
New York
+$425K
5
HT
HAP Trading
New York
+$404K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$6.02M
2
HF
HRT Financial
New York
-$3.33M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.22M
4
VF
Virtu Financial
New York
-$1.98M
5
ECG
Edge Capital Group
Georgia
-$393K
Name Holding Trade Value Shares
Change 		Change in
Stake
AFG
26
Albion Financial Group
Utah
$5K +$5.3K +20 New
TCM
27
Tradewinds Capital Management
Washington
$3K – – –
HI
28
Harbour Investments
Wisconsin
$2K – – –
FDCDDQ
29
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.3K – – –
MS
30
Mizuho Securities
Japan
$1K – – –
NSIM
31
North Star Investment Management
Illinois
$1K – – –
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$1K +$1.32K +5 New
HF
33
HRT Financial
New York
– -$3.33M -10,611 Closed
Susquehanna International Group
34
Susquehanna International Group
Pennsylvania
– -$2.22M -8,394 Closed
VF
35
Virtu Financial
New York
– -$1.98M -6,301 Closed
ECG
36
Edge Capital Group
Georgia
– -$393K -1,255 Closed
CS
37
Credit Suisse
Switzerland
– -$391K -1,247 Closed
OF
38
Outfitter Financial
Maine
– -$337K -1,076 Closed
SBIA
39
Sheaff Brock Investment Advisors
Indiana
– -$313K -1,000 Closed
TSS
40
Two Sigma Securities
New York
– -$292K -930 Closed
Wolverine Trading
41
Wolverine Trading
Illinois
– -$272K -859 Closed
CG
42
Cutler Group
California
– -$120K -453 Closed
SFS
43
Sowell Financial Services
Arkansas
– -$27K -104 Closed
S
44
SignatureFD
Georgia
– -$9K -30 Closed
FCM
45
Firestone Capital Management
Florida
– -$8K -25 Closed
Qube Research & Technologies (QRT)
46
Qube Research & Technologies (QRT)
United Kingdom
– -$6K -18 Closed
WWM
47
Wolff Wiese Magana
California
– -$5K -17 Closed
HWM
48
HighMark Wealth Management
Minnesota
– -$3K -10 Closed
Osaic Holdings
49
Osaic Holdings
Arizona
– -$265 -1 -33%
1
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SPXS Hedge Fund Activity: Q2 2021 in Review

34 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q2 2021, worth a combined $16.5M — down 46% from $30.7M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SPXS and 11 opened new positions — a net loss of 5 holders — while 4 trimmed existing stakes and 6 added.

The largest buyer was Jump Financial, adding an estimated $2.83M. The largest seller was Citadel Advisors, cutting an estimated $6.02M.

  • 34 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q2 2021, down from 39 in Q1 2021.
  • Funds reported $16.5M of Direxion Daily S&P 500 Bear 3x ETF stock for Q2 2021, down 46% quarter-over-quarter.
  • 11 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q2 2021 and 16 closed out, a net change of -5 holders.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q2 2021 was Jump Financial, an estimated $2.83M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q2 2021 was Citadel Advisors, an estimated $6.02M sold.

Based on aggregated 13F filings for Q2 2021.