Direxion Daily S&P 500 Bear 3x ETF
SPXS
53 hedge funds and large institutions have $171M invested in Direxion Daily S&P 500 Bear 3x ETF in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 16 closing their positions.
418% more call options, than puts
Call options by funds: $38.3M | Put options by funds: $7.4M
88% more capital invested
Capital invested by funds: $90.7M → $171M (+$80.1M)
1.56% more ownership
Funds ownership: 1.26% → 2.82% (+1.6%)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
0% more funds holding
Funds holding: 53 → 53 (0)
38% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 16
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$84.8M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$71.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$20.4M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.66M |
| 5 |
Morgan Stanley
New York
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
New York
|
-$20.7M |
| 2 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$14.2M |
| 3 |
Jane Street
New York
|
-$4.81M |
| 4 |
RAM
Revere Asset Management
Dallas,
Texas
|
-$3.53M |
| 5 |
CIC
Canal Insurance Company
Greenville,
South Carolina
|
-$3.53M |
SPXS Hedge Fund Activity: Q4 2023 in Review
53 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q4 2023, worth a combined $171M — up 88% from $90.7M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new SPXS positions and 16 closed out — a net gain of 1 holder — while 10 added to existing stakes and 16 trimmed.
The largest buyer was HRT Financial, adding an estimated $84.8M. The largest seller was GTS Securities, cutting an estimated $20.7M.
- 53 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $171M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2023, up 88% quarter-over-quarter.
- 17 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q4 2023 and 16 closed out, a net change of +1 holder.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q4 2023 was HRT Financial, an estimated $84.8M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q4 2023 was GTS Securities, an estimated $20.7M sold.
Based on aggregated 13F filings for Q4 2023.