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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
AWM
51
Avaii Wealth Management
Wisconsin
– -$189K -1,640 Closed
Wolverine Trading
52
Wolverine Trading
Illinois
– -$188K -1,631 Closed
BRWA
53
B. Riley Wealth Advisors
Florida
– -$173K -1,500 Closed
RG
54
Rathbones Group
United Kingdom
– -$139K -1,200 Closed
MG
55
Marex Group
– -$126K -1,094 Closed
AFS
56
AFG Fiduciary Services
Massachusetts
– -$116K -1,000 Closed
CCA
57
Cruiser Capital Advisors
Connecticut
– -$116K -1,000 Closed
LFG
58
Larson Financial Group
Missouri
– -$22K -190 Closed
HIP
59
HUB Investment Partners
Texas
– -$9.82K -85 Closed
ODG
60
O'Dell Group
Ohio
– -$9.73K -84 Closed
Bank of America
61
Bank of America
North Carolina
– -$4.27K -37 Closed
LPP
62
Life Planning Partners
Florida
– -$3.46K -30 Closed
IPW
63
Impact Partnership Wealth
Georgia
– -$1.86K -16 Closed
AWM
64
Able Wealth Management
New Jersey
– -$668 -6 Closed
1 2
3

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.