Direxion Daily S&P 500 Bear 3x ETF
SPXS
32 hedge funds and large institutions have $27M invested in Direxion Daily S&P 500 Bear 3x ETF in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 8 closing their positions.
83% more call options, than puts
Call options by funds: $43.2M | Put options by funds: $23.6M
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
0.01% less ownership
Funds ownership: 0.08% → 0.07% (-0.01%)
9% less funds holding
Funds holding: 35 → 32 (-3)
33% less capital invested
Capital invested by funds: $40.6M → $27M (-$13.5M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
+$4.62M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.9M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.76M |
| 4 |
Mariner
Overland Park,
Kansas
|
+$1.16M |
| 5 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$771K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$4.27M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.3M |
| 3 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$1.09M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.03M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$1.03M |
SPXS Hedge Fund Activity: Q4 2019 in Review
32 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2019, worth a combined $27M — down 33% from $40.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SPXS and 5 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 13 added.
The largest buyer was Canal Insurance Company, adding an estimated $4.62M. The largest seller was IMC Chicago, cutting an estimated $4.27M.
- 32 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2019, down from 35 in Q3 2019.
- Funds reported $27M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2019, down 33% quarter-over-quarter.
- 5 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2019 and 8 closed out, a net change of -3 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2019 was Canal Insurance Company, an estimated $4.62M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2019 was IMC Chicago, an estimated $4.27M sold.
Based on aggregated 13F filings for Q4 2019.