Direxion Daily S&P 500 Bear 3x ETF
SPXS
52 hedge funds and large institutions have $104M invested in Direxion Daily S&P 500 Bear 3x ETF in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 15 increasing their positions, 5 reducing their positions, and 9 closing their positions.
286% more capital invested
Capital invested by funds: $27M → $104M (+$77.3M)
256% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 9
202% more call options, than puts
Call options by funds: $105M | Put options by funds: $34.8M
200% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 5
63% more funds holding
Funds holding: 32 → 52 (+20)
0.08% more ownership
Funds ownership: 0.07% → 0.15% (+0.08%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$13.9M |
| 2 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$13.7M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$9.3M |
| 4 |
CG
Cutler Group
San Francisco,
California
|
+$6.79M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$6.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
-$3.39M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.5M |
| 3 |
Mariner
Overland Park,
Kansas
|
-$994K |
| 4 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$663K |
| 5 |
HF
HRT Financial
New York
|
-$513K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Wells Fargo
San Francisco,
California
| $3K | +$2.97K | +2 | New |
|
|
TSW
52
Thompson Siegel & Walmsley
Richmond,
Virginia
| $2K | +$1.49K | +1 | New |
|
|
DS
53
DRW Securities
Chicago,
Illinois
| – | -$3.39M | -2,557 | Closed |
|
|
54
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$2.5M | -1,686 | Closed |
|
|
55
Mariner
Overland Park,
Kansas
| – | -$994K | -750 | Closed |
|
|
G
56
Gainplan
Bloomfield Hills,
Michigan
| – | -$663K | -500 | Closed |
|
|
HF
57
HRT Financial
New York
| – | -$513K | -388 | Closed |
|
|
BAM
58
Belpointe Asset Management
Reno,
Nevada
| – | -$416K | -314 | Closed |
|
59
Citigroup
New York
| – | -$258K | -174 | Closed |
|
|
UCFA
60
United Capital Financial Advisors
Irving,
Texas
| – | -$146K | -110 | Closed |
|
|
APA
61
American Portfolios Advisors
Holbrook,
New York
| – | -$1.56K | -1 | Closed |
|
SPXS Hedge Fund Activity: Q1 2020 in Review
52 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2020, worth a combined $104M — up 286% from $27M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new SPXS positions and 9 closed out — a net gain of 23 holders — while 15 added to existing stakes and 5 trimmed.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $13.9M. The largest seller was DRW Securities, exiting entirely with an estimated $3.39M sold.
- 52 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2020, up from 32 in Q4 2019.
- Funds reported $104M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2020, up 286% quarter-over-quarter.
- 32 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2020 and 9 closed out, a net change of +23 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2020 was Flow Traders U.S., an estimated $13.9M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2020 was DRW Securities, an estimated $3.39M sold.
Based on aggregated 13F filings for Q1 2020.