Direxion Daily S&P 500 Bear 3x ETF
SPXS
52 hedge funds and large institutions have $192M invested in Direxion Daily S&P 500 Bear 3x ETF in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 12 closing their positions.
205% more call options, than puts
Call options by funds: $28.3M | Put options by funds: $9.27M
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
186% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 7
99% more capital invested
Capital invested by funds: $96.3M → $192M (+$95.8M)
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
6% more funds holding
Funds holding: 49 → 52 (+3)
1.3% more ownership
Funds ownership: 1.16% → 2.45% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
+$60.2M |
| 2 |
Jane Street
New York
|
+$49.6M |
| 3 |
G
Gainplan
Bloomfield Hills,
Michigan
|
+$7.33M |
| 4 |
VF
Virtu Financial
New York
|
+$4.83M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$4.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$17.3M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$7.89M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$5.21M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$1.89M |
| 5 |
CWM
Connecticut Wealth Management
Farmington,
Connecticut
|
-$797K |
SPXS Hedge Fund Activity: Q2 2023 in Review
52 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q2 2023, worth a combined $192M — up 99% from $96.3M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new SPXS positions and 12 closed out — a net gain of 3 holders — while 20 added to existing stakes and 7 trimmed.
The largest buyer was IMC Chicago, opening a new position worth an estimated $60.2M. The largest seller was Goldman Sachs, cutting an estimated $17.3M.
- 52 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q2 2023, up from 49 in Q1 2023.
- Funds reported $192M of Direxion Daily S&P 500 Bear 3x ETF stock for Q2 2023, up 99% quarter-over-quarter.
- 15 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q2 2023 and 12 closed out, a net change of +3 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q2 2023 was IMC Chicago, an estimated $60.2M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q2 2023 was Goldman Sachs, an estimated $17.3M sold.
Based on aggregated 13F filings for Q2 2023.