Direxion Daily Financial Bull 3x ETF
47 hedge funds and large institutions have $35.2M invested in Direxion Daily Financial Bull 3x ETF in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 20 closing their positions.
183% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 6
9% more call options, than puts
Call options by funds: $71.8M | Put options by funds: $65.8M
0.92% less ownership
Funds ownership: 5.62% → 4.69% (-0.92%)
16% less funds holding
Funds holding: 56 → 47 (-9)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
59% less capital invested
Capital invested by funds: $85.9M → $35.2M (-$50.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$24.7M |
| 2 |
Citigroup
New York
|
+$10.7M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$8.43M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$7.95M |
| 5 |
Jane Street
New York
|
+$6.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$19.7M |
| 2 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
-$2.73M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.63M |
| 4 |
BFG
Bouchey Financial Group
Troy,
New York
|
-$914K |
| 5 |
CC
Chicago Capital
Chicago,
Illinois
|
-$681K |
FAS Hedge Fund Activity: Q1 2020 in Review
47 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2020, worth a combined $35.2M — down 59% from $85.9M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of FAS and 15 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 17 added.
The largest buyer was Susquehanna International Group, adding an estimated $24.7M. The largest seller was Citadel Advisors, cutting an estimated $19.7M.
- 47 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2020, down from 56 in Q4 2019.
- Funds reported $35.2M of Direxion Daily Financial Bull 3x ETF stock for Q1 2020, down 59% quarter-over-quarter.
- 15 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2020 and 20 closed out, a net change of -5 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2020 was Susquehanna International Group, an estimated $24.7M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2020 was Citadel Advisors, an estimated $19.7M sold.
Based on aggregated 13F filings for Q1 2020.