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Direxion Daily S&P 500 Bear 3x ETF
SPXS

41 hedge funds and large institutions have $34.2M invested in Direxion Daily S&P 500 Bear 3x ETF in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

395% more call options, than puts

Call options by funds: $21.1M | Put options by funds: $4.26M

33% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 9

2.16% less ownership

Funds ownership: 2.82% → 0.66% (-2.2%)

23% less funds holding

Funds holding: 53 → 41 (-12)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

57% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 21

80% less capital invested

Capital invested by funds: $171M → $34.2M (-$136M)

Holders
41
Holders Change
-12
Holders Change %
-22.64%
% of All Funds
0.59%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
9
Increased
12
Reduced
9
Closed
21
Calls
$21.1M
Puts
$4.26M
Net Calls
+$16.8M
Net Calls Change
-$14.1M

Top Buyers

Rank Fund Capital Flow
1
Simplex Trading
Simplex Trading
Illinois
+$1.95M
2
Jane Street
Jane Street
New York
+$777K
3
S
SignatureFD
Georgia
+$454K
4
Walleye Capital
Walleye Capital
New York
+$320K
5
UBS Group
UBS Group
Switzerland
+$263K

Top Sellers

Rank Fund Capital Flow
1
HF
HRT Financial
New York
-$60.6M
2
IMC Chicago
IMC Chicago
Illinois
-$30.1M
3
Citadel Advisors
Citadel Advisors
Florida
-$16.3M
4
G
Gainplan
Michigan
-$5.2M
5
XS
XR Securities
Illinois
-$735K
Name Holding Trade Value Shares
Change 		Change in
Stake
PS
26
PayPay Securities
Japan
$66K -$17.3K -169 -18%
JWA
27
JFS Wealth Advisors
Pennsylvania
$43.6K – – –
Qube Research & Technologies (QRT)
28
Qube Research & Technologies (QRT)
United Kingdom
$20.5K +$20.2K +197 +518%
WTC
29
WhitTier Trust Company
Nevada
$20.3K – – –
AWM
30
AllSquare Wealth Management
New York
$17.8K – – –
Osaic Holdings
31
Osaic Holdings
Arizona
$13.9K -$18.7K -183 -53%
SWM
32
Spire Wealth Management
Virginia
$12.5K +$205 +2 +1%
Citigroup
33
Citigroup
New York
$8.73K – – –
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$1.57K +$1.84K +18 New
PFA
35
Pathway Financial Advisers
Indiana
$1.33K -$2.05K -20 -57%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$1K +$819 +8 New
HI
37
Harbour Investments
Wisconsin
$443 +$512 +5 New
GRP
38
Global Retirement Partners
California
$419 – – –
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$398 – – –
NSIM
40
North Star Investment Management
Illinois
$349 – – –
FGAM
41
Financial Gravity Asset Management
Texas
$193 +$205 +2 New
CA
42
Continuum Advisory
Idaho
$36 – – –
Fidelity Investments
43
Fidelity Investments
Massachusetts
$9 – – –
G
44
Gainplan
Michigan
– -$5.2M -45,000 Closed
XS
45
XR Securities
Illinois
– -$735K -6,361 Closed
Susquehanna International Group
46
Susquehanna International Group
Pennsylvania
– -$430K -4,204 Closed
HT
47
Headlands Technologies
Illinois
– -$401K -3,468 Closed
HighTower Advisors
48
HighTower Advisors
Illinois
– -$386K -3,341 Closed
QT
49
Quantbot Technologies
New York
– -$249K -2,153 Closed
Squarepoint
50
Squarepoint
New York
– -$190K -1,645 Closed
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SPXS Hedge Fund Activity: Q1 2024 in Review

41 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2024, worth a combined $34.2M — down 80% from $171M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of SPXS and 9 opened new positions — a net loss of 12 holders — while 9 trimmed existing stakes and 12 added.

The largest buyer was Simplex Trading, adding an estimated $1.95M. The largest seller was HRT Financial, cutting an estimated $60.6M.

  • 41 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2024, down from 53 in Q4 2023.
  • Funds reported $34.2M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2024, down 80% quarter-over-quarter.
  • 9 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2024 and 21 closed out, a net change of -12 holders.
  • The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2024 was Simplex Trading, an estimated $1.95M added.
  • The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2024 was HRT Financial, an estimated $60.6M sold.

Based on aggregated 13F filings for Q1 2024.