Direxion Daily Financial Bull 3x ETF
51 hedge funds and large institutions have $113M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
39% more capital invested
Capital invested by funds: $81.6M → $113M (+$31.7M)
11% more funds holding
Funds holding: 46 → 51 (+5)
2.29% more ownership
Funds ownership: 5.77% → 8.06% (+2.3%)
10% less call options, than puts
Call options by funds: $54.9M | Put options by funds: $60.9M
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$28.6M |
| 2 |
Two Sigma Investments
New York
|
+$8.95M |
| 3 |
SCM
Stevens Capital Management
Radnor,
Pennsylvania
|
+$1.29M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$1.24M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.22M |
Top Sellers
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$11.9M |
| 2 |
VF
Virtu Financial
New York
|
-$5.25M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
-$2.21M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
-$1.45M |
| 5 |
TAM
Tocqueville Asset Management
New York
|
-$1.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
51
Virtu Financial
New York
| – | -$5.25M | -118,302 | Closed |
|
|
52
HSBC Holdings
London,
United Kingdom
| – | -$1.45M | -32,640 | Closed |
|
|
TAM
53
Tocqueville Asset Management
New York
| – | -$1.1M | -24,795 | Closed |
|
54
Citadel Advisors
Miami,
Florida
| – | -$1.08M | -23,847 | Closed |
|
55
Wolverine Trading
Chicago,
Illinois
| – | -$702K | -15,590 | Closed |
|
|
VKH
56
Virtu KCG Holdings
New York
| – | -$540K | -12,161 | Closed |
|
57
UBS Group
Zurich,
Switzerland
| – | -$97K | -2,176 | Closed |
|
|
TWA
58
TCI Wealth Advisors
Tucson,
Arizona
| – | -$8K | -169 | Closed |
|
FAS Hedge Fund Activity: Q2 2017 in Review
51 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2017, worth a combined $113M — up 39% from $81.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FAS positions and 8 closed out — a net gain of 5 holders — while 10 added to existing stakes and 13 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $28.6M. The largest seller was Timber Hill, cutting an estimated $11.9M.
- 51 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2017, up from 46 in Q1 2017.
- Funds reported $113M of Direxion Daily Financial Bull 3x ETF stock for Q2 2017, up 39% quarter-over-quarter.
- 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2017 and 8 closed out, a net change of +5 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2017 was Susquehanna International Group, an estimated $28.6M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2017 was Timber Hill, an estimated $11.9M sold.
Based on aggregated 13F filings for Q2 2017.