Direxion Daily S&P 500 Bear 3x ETF
SPXS
40 hedge funds and large institutions have $34.2M invested in Direxion Daily S&P 500 Bear 3x ETF in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 21 closing their positions.
395% more call options, than puts
Call options by funds: $21.1M | Put options by funds: $4.26M
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
2.15% less ownership
Funds ownership: 2.8% → 0.66% (-2.1%)
25% less funds holding
Funds holding: 53 → 40 (-13)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
62% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 21
80% less capital invested
Capital invested by funds: $170M → $34.2M (-$135M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Simplex Trading
Chicago,
Illinois
|
+$1.95M |
| 2 |
Jane Street
New York
|
+$777K |
| 3 |
S
SignatureFD
Atlanta,
Georgia
|
+$454K |
| 4 |
Morgan Stanley
New York
|
+$440K |
| 5 |
Walleye Capital
New York
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
-$60.6M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$30.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$16.3M |
| 4 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$5.2M |
| 5 |
XS
XR Securities
Chicago,
Illinois
|
-$735K |
SPXS Hedge Fund Activity: Q1 2024 in Review
40 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q1 2024, worth a combined $34.2M — down 80% from $170M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of SPXS and 8 opened new positions — a net loss of 13 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was Simplex Trading, adding an estimated $1.95M. The largest seller was HRT Financial, cutting an estimated $60.6M.
- 40 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q1 2024, down from 53 in Q4 2023.
- Funds reported $34.2M of Direxion Daily S&P 500 Bear 3x ETF stock for Q1 2024, down 80% quarter-over-quarter.
- 8 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q1 2024 and 21 closed out, a net change of -13 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q1 2024 was Simplex Trading, an estimated $1.95M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q1 2024 was HRT Financial, an estimated $60.6M sold.
Based on aggregated 13F filings for Q1 2024.