Direxion Daily S&P 500 Bear 3x ETF
SPXS
18 hedge funds and large institutions have $13.2M invested in Direxion Daily S&P 500 Bear 3x ETF in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
6% more funds holding
Funds holding: 17 → 18 (+1)
0.01% less ownership
Funds ownership: 0.02% → 0.01% (-0.01%)
23% less capital invested
Capital invested by funds: $17.2M → $13.2M (-$3.98M)
36% less call options, than puts
Call options by funds: $13.8M | Put options by funds: $21.5M
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.9M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$780K |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$700K |
| 4 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$690K |
| 5 |
JT
Jump Trading
Chicago,
Illinois
|
+$580K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.03M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.96M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$660K |
| 4 |
SRC
Stone Run Capital
New York
|
-$395K |
| 5 |
VF
Virtu Financial
New York
|
-$250K |
SPXS Hedge Fund Activity: Q1 2015 in Review
18 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2015, worth a combined $13.2M — down 23% from $17.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SPXS positions and 5 closed out — a net gain of 1 holder — while 3 added to existing stakes and 7 trimmed.
The largest buyer was BNP Paribas Financial Markets, opening a new position worth an estimated $1.9M. The largest seller was Tower Research Capital (TRC), cutting an estimated $3.03M.
- 18 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2015, up from 17 in Q4 2014.
- Funds reported $13.2M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2015, down 23% quarter-over-quarter.
- 6 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2015 and 5 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2015 was BNP Paribas Financial Markets, an estimated $1.9M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2015 was Tower Research Capital (TRC), an estimated $3.03M sold.
Based on aggregated 13F filings for Q1 2015.