Direxion Daily S&P 500 Bear 3x ETF
SPXS
53 hedge funds and large institutions have $170M 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, 9 increasing their positions, 17 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
87% more capital invested
Capital invested by funds: $90.7M → $170M (+$78.9M)
1.54% more ownership
Funds ownership: 1.26% → 2.8% (+1.5%)
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
0% more funds holding
Funds holding: 53 → 53 (0)
47% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 17
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 |
XS
XR Securities
Chicago,
Illinois
|
+$903K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
Miami,
Florida
|
-$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 6,869 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 $170M — up 87% 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 9 added to existing stakes and 17 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 $170M of Direxion Daily S&P 500 Bear 3x ETF stock for Q4 2023, up 87% 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.