Direxion Daily S&P 500 Bear 3x ETF
SPXS
26 hedge funds and large institutions have $29.5M invested in Direxion Daily S&P 500 Bear 3x ETF in 2017 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
22% more capital invested
Capital invested by funds: $24.1M → $29.5M (+$5.39M)
0.06% more ownership
Funds ownership: 0.01% → 0.07% (+0.06%)
21% less funds holding
Funds holding: 33 → 26 (-7)
31% less call options, than puts
Call options by funds: $15.3M | Put options by funds: $22.3M
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$4.16M |
| 2 |
VF
Virtu Financial
New York
|
+$3.61M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.2M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
+$2.19M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIC
Hartline Investment Corp
Winnetka,
Illinois
|
-$3.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$860K |
| 3 |
Morgan Stanley
New York
|
-$770K |
| 4 |
JC
JCSD Capital
Walnut Creek,
California
|
-$734K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$602K |
SPXS Hedge Fund Activity: Q2 2017 in Review
26 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q2 2017, worth a combined $29.5M — up 22% from $24.1M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of SPXS and 9 opened new positions — a net loss of 6 holders — while 4 trimmed existing stakes and 7 added.
The largest buyer was Parallax Volatility Advisers, opening a new position worth an estimated $4.16M. The largest seller was Hartline Investment Corp, exiting entirely with an estimated $3.9M sold.
- 26 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q2 2017, down from 33 in Q1 2017.
- Funds reported $29.5M of Direxion Daily S&P 500 Bear 3x ETF stock for Q2 2017, up 22% quarter-over-quarter.
- 9 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q2 2017 and 15 closed out, a net change of -6 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q2 2017 was Parallax Volatility Advisers, an estimated $4.16M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q2 2017 was Hartline Investment Corp, an estimated $3.9M sold.
Based on aggregated 13F filings for Q2 2017.