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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
+$8.55M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$3.46M |
| 3 |
HF
HRT Financial
New York
|
+$3.23M |
| 4 |
VF
Virtu Financial
New York
|
+$2.21M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
Cutler Group
San Francisco,
California
|
-$3.53M |
| 2 |
LSA
Lion Street Advisors
Austin,
Texas
|
-$2.2M |
| 3 |
TSS
Two Sigma Securities
New York
|
-$2.1M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$1.9M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.73M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SHIM
51
Stone House Investment Management
Tunkhannock,
Pennsylvania
| – | -$52K | -132 | Closed |
|
|
WAS
52
Wealth Advisory Solutions
Indiianapolis,
Indiana
| – | -$43K | -112 | Closed |
|
|
IWM
53
IHT Wealth Management
Chicago,
Illinois
| – | -$41K | -106 | Closed |
|
|
BWM
54
BCS Wealth Management
Johnson City,
Tennessee
| – | -$41K | -105 | Closed |
|
|
EAM
55
Evanson Asset Management
Carmel,
California
| – | -$41K | -104 | Closed |
|
|
PCP
56
Proficio Capital Partners
Newton,
Massachusetts
| – | -$39K | -100 | Closed |
|
|
WP
57
WealthShield Partners
Cary,
North Carolina
| – | -$39K | -100 | Closed |
|
58
JP Morgan Chase
New York
| – | -$30K | -77 | Closed |
|
|
UCFA
59
United Capital Financial Advisors
Irving,
Texas
| – | -$235K | -60 | Closed |
|
|
CAAS
60
Capital Asset Advisory Services
Williamston,
Michigan
| – | -$13K | -34 | Closed |
|
|
HGWM
61
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | -$1K | -1 | Closed |
|
|
CFA
62
Carroll Financial Associates
Charlotte,
North Carolina
| – | +$350 | +1 | New |
|
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.