Direxion Daily Financial Bull 3x ETF
72 hedge funds and large institutions have $120M invested in Direxion Daily Financial Bull 3x ETF in 2017 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 6 closing their positions.
300% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 6
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
33% more funds holding
Funds holding: 54 → 72 (+18)
8% more capital invested
Capital invested by funds: $112M → $120M (+$8.39M)
1.1% less ownership
Funds ownership: 7.75% → 6.64% (-1.1%)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
43% less call options, than puts
Call options by funds: $76.8M | Put options by funds: $134M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.51M |
| 2 |
Two Sigma Advisers
New York
|
+$1.66M |
| 3 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$1.53M |
| 4 |
HT
HAP Trading
New York
|
+$1.28M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$753K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
-$25.8M |
| 2 |
Barclays
London,
United Kingdom
|
-$1.69M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.49M |
| 4 |
CG
Cutler Group
San Francisco,
California
|
-$1.2M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.17M |
FAS Hedge Fund Activity: Q4 2017 in Review
72 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q4 2017, worth a combined $120M — up 7.5% from $112M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FAS positions and 6 closed out — a net gain of 18 holders — while 16 added to existing stakes and 18 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $9.51M. The largest seller was Quantitative Investment Management, cutting an estimated $25.8M.
- 72 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q4 2017, up from 54 in Q3 2017.
- Funds reported $120M of Direxion Daily Financial Bull 3x ETF stock for Q4 2017, up 7.5% quarter-over-quarter.
- 24 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q4 2017 and 6 closed out, a net change of +18 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q4 2017 was Susquehanna International Group, an estimated $9.51M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q4 2017 was Quantitative Investment Management, an estimated $25.8M sold.
Based on aggregated 13F filings for Q4 2017.