Direxion Daily S&P 500 Bear 3x ETF
SPXS
53 hedge funds and large institutions have $90.7M invested in Direxion Daily S&P 500 Bear 3x ETF in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 12 closing their positions.
361% more call options, than puts
Call options by funds: $56.5M | Put options by funds: $12.3M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
2% more funds holding
Funds holding: 52 → 53 (+1)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
1.19% less ownership
Funds ownership: 2.45% → 1.26% (-1.2%)
53% less capital invested
Capital invested by funds: $192M → $90.7M (-$101M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$12.7M |
| 2 |
HF
HRT Financial
New York
|
+$2.17M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$1.89M |
| 4 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$1.48M |
| 5 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$67.1M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$50.5M |
| 3 |
GS
GTS Securities
New York
|
-$5.51M |
| 4 |
VF
Virtu Financial
New York
|
-$4.46M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.87M |
SPXS Hedge Fund Activity: Q3 2023 in Review
53 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q3 2023, worth a combined $90.7M — down 53% from $192M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SPXS positions and 12 closed out — a net gain of 2 holders — while 12 added to existing stakes and 12 trimmed.
The largest buyer was B. Riley Financial, opening a new position worth an estimated $12.7M. The largest seller was Jane Street, cutting an estimated $67.1M.
- 53 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q3 2023, up from 52 in Q2 2023.
- Funds reported $90.7M of Direxion Daily S&P 500 Bear 3x ETF stock for Q3 2023, down 53% quarter-over-quarter.
- 14 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q3 2023 and 12 closed out, a net change of +2 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q3 2023 was B. Riley Financial, an estimated $12.7M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q3 2023 was Jane Street, an estimated $67.1M sold.
Based on aggregated 13F filings for Q3 2023.