Direxion Daily S&P 500 Bear 3x ETF
SPXS
33 hedge funds and large institutions have $24.5M invested in Direxion Daily S&P 500 Bear 3x ETF in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 12 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less ownership
Funds ownership: 0.01% → 0.01% (-0%)
6% less funds holding
Funds holding: 35 → 33 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
21% less capital invested
Capital invested by funds: $31.1M → $24.5M (-$6.55M)
28% less call options, than puts
Call options by funds: $6.71M | Put options by funds: $9.29M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
+$4.13M |
| 2 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$960K |
| 3 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$927K |
| 4 |
JC
JCSD Capital
Walnut Creek,
California
|
+$768K |
| 5 |
Morgan Stanley
New York
|
+$586K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$3.71M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.62M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.49M |
| 4 |
Jane Street
New York
|
-$845K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$639K |
SPXS Hedge Fund Activity: Q1 2017 in Review
33 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2017, worth a combined $24.5M — down 21% from $31.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SPXS and 10 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Hartline Investment Corp, opening a new position worth an estimated $4.13M. The largest seller was Virtu Financial, cutting an estimated $3.71M.
- 33 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2017, down from 35 in Q4 2016.
- Funds reported $24.5M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2017, down 21% quarter-over-quarter.
- 10 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2017 and 12 closed out, a net change of -2 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2017 was Hartline Investment Corp, an estimated $4.13M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2017 was Virtu Financial, an estimated $3.71M sold.
Based on aggregated 13F filings for Q1 2017.