Direxion Daily S&P 500 Bear 3x ETF
SPXS
34 hedge funds and large institutions have $35.9M invested in Direxion Daily S&P 500 Bear 3x ETF in 2026 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 12 closing their positions.
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
13% more funds holding
Funds holding: 30 → 34 (+4)
12% more call options, than puts
Call options by funds: $98.2M | Put options by funds: $87.6M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6.77% less ownership
Funds ownership: 18.08% → 11.31% (-6.8%)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
56% less capital invested
Capital invested by funds: $81M → $35.9M (-$45.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
+$6.51M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
+$3.75M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$3.64M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$3.26M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$25.3M |
| 2 |
HW
Hamilton Wealth
Encino,
California
|
-$4.26M |
| 3 |
G
Gainplan
Bloomfield Hills,
Michigan
|
-$2.25M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$1.88M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$1.27M |
SPXS Hedge Fund Activity: Q2 2026 in Review
34 of the 8,317 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bear 3x ETF (SPXS) for Q2 2026, worth a combined $35.9M — down 56% from $81M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new SPXS positions and 12 closed out — a net gain of 5 holders — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Jump Financial, opening a new position worth an estimated $6.51M. The largest seller was IMC Chicago, cutting an estimated $25.3M.
- 34 institutional investors held Direxion Daily S&P 500 Bear 3x ETF (SPXS) as of Q2 2026, up from 30 in Q1 2026.
- Funds reported $35.9M of Direxion Daily S&P 500 Bear 3x ETF stock for Q2 2026, down 56% quarter-over-quarter.
- 17 funds opened new Direxion Daily S&P 500 Bear 3x ETF positions in Q2 2026 and 12 closed out, a net change of +5 holders.
- The largest Direxion Daily S&P 500 Bear 3x ETF buyer in Q2 2026 was Jump Financial, an estimated $6.51M added.
- The largest Direxion Daily S&P 500 Bear 3x ETF seller in Q2 2026 was IMC Chicago, an estimated $25.3M sold.
Based on aggregated 13F filings for Q2 2026.