Direxion Daily S&P 500 Bear 3x ETF
SPXS
63 hedge funds and large institutions have $159M invested in Direxion Daily S&P 500 Bear 3x ETF in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 11 closing their positions.
1,126% more call options, than puts
Call options by funds: $144M | Put options by funds: $11.7M
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
96% more capital invested
Capital invested by funds: $81.2M → $159M (+$77.6M)
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
17% more funds holding
Funds holding: 54 → 63 (+9)
0.39% more ownership
Funds ownership: 1.26% → 1.65% (+0.39%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Kingfisher Capital
Charlotte,
North Carolina
|
+$14.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$12.6M |
| 3 |
Jane Street
New York
|
+$8.82M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
+$7.36M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
-$12.1M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$5.15M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
-$3.72M |
| 4 |
Squarepoint
New York
|
-$2.5M |
| 5 |
Citigroup
New York
|
-$1.01M |
SPXS Hedge Fund Activity: Q3 2022 in Review
63 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q3 2022, worth a combined $159M — up 96% from $81.2M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SPXS positions and 11 closed out — a net gain of 9 holders — while 18 added to existing stakes and 11 trimmed.
The largest buyer was Kingfisher Capital, opening a new position worth an estimated $14.7M. The largest seller was Avalon Capital Management, exiting entirely with an estimated $12.1M sold.
- 63 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q3 2022, up from 54 in Q2 2022.
- Funds reported $159M of Direxion Daily S&P 500 Bear 3x ETF stock for Q3 2022, up 96% quarter-over-quarter.
- 20 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q3 2022 and 11 closed out, a net change of +9 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q3 2022 was Kingfisher Capital, an estimated $14.7M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q3 2022 was Avalon Capital Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q3 2022.