Direxion Daily S&P 500 Bear 3x ETF
SPXS
62 hedge funds and large institutions have $61.8M invested in Direxion Daily S&P 500 Bear 3x ETF in 2020 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 19 closing their positions.
129% more call options, than puts
Call options by funds: $38.4M | Put options by funds: $16.8M
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
53% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 19
19% more funds holding
Funds holding: 52 → 62 (+10)
0.08% less ownership
Funds ownership: 0.15% → 0.06% (-0.08%)
41% less capital invested
Capital invested by funds: $104M → $61.8M (-$42.6M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
+$15.6M |
| 2 |
GA
GFS Advisors
Houston,
Texas
|
+$5.04M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$4.71M |
| 4 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
+$4.54M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$15M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$6.82M |
| 3 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
-$4.62M |
| 4 |
CG
Cutler Group
San Francisco,
California
|
-$4.61M |
| 5 |
Jane Street
New York
|
-$2.42M |
SPXS Hedge Fund Activity: Q2 2020 in Review
62 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q2 2020, worth a combined $61.8M — down 41% from $104M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new SPXS positions and 19 closed out — a net gain of 10 holders — while 16 added to existing stakes and 10 trimmed.
The largest buyer was Hartline Investment Corp, adding an estimated $15.6M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $15M sold.
- 62 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q2 2020, up from 52 in Q1 2020.
- Funds reported $61.8M of Direxion Daily S&P 500 Bear 3x ETF stock for Q2 2020, down 41% quarter-over-quarter.
- 29 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q2 2020 and 19 closed out, a net change of +10 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q2 2020 was Hartline Investment Corp, an estimated $15.6M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q2 2020 was Flow Traders U.S., an estimated $15M sold.
Based on aggregated 13F filings for Q2 2020.