Direxion Daily S&P 500 Bear 3x ETF
SPXS
17 hedge funds and large institutions have $17.2M invested in Direxion Daily S&P 500 Bear 3x ETF in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 1 reducing their positions, and 9 closing their positions.
700% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 1
14% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $10.1M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less ownership
Funds ownership: 0.02% → 0.02% (-0%)
19% less funds holding
Funds holding: 21 → 17 (-4)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
44% less capital invested
Capital invested by funds: $30.6M → $17.2M (-$13.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.66M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.56M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$1.65M |
| 4 |
VF
Virtu Financial
New York
|
+$1.49M |
| 5 |
Jane Street
New York
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$16.7M |
| 2 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
-$2.48M |
| 3 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$1.33M |
| 4 |
AC
Altus Capital
Mayfield Heights,
Ohio
|
-$518K |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$304K |
SPXS Hedge Fund Activity: Q4 2014 in Review
17 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2014, worth a combined $17.2M — down 44% from $30.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SPXS and 6 opened new positions — a net loss of 3 holders — while 1 trimmed existing stakes and 8 added.
The largest buyer was Tower Research Capital (TRC), adding an estimated $3.66M. The largest seller was Neuberger Berman Group, exiting entirely with an estimated $16.7M sold.
- 17 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2014, down from 21 in Q3 2014.
- Funds reported $17.2M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2014, down 44% quarter-over-quarter.
- 6 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2014 and 9 closed out, a net change of -3 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2014 was Tower Research Capital (TRC), an estimated $3.66M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2014 was Neuberger Berman Group, an estimated $16.7M sold.
Based on aggregated 13F filings for Q4 2014.