Direxion Daily Financial Bull 3x ETF
66 hedge funds and large institutions have $162M invested in Direxion Daily Financial Bull 3x ETF in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 15 closing their positions.
94% more call options, than puts
Call options by funds: $148M | Put options by funds: $76.2M
78% more capital invested
Capital invested by funds: $90.7M → $162M (+$71.1M)
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
4.18% more ownership
Funds ownership: 3.61% → 7.79% (+4.2%)
4% less funds holding
Funds holding: 69 → 66 (-3)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
Top Buyers
| 1 |
Jane Street
New York
|
+$72.7M |
| 2 |
SFC
Strategic Financial Concepts
San Antonio,
Texas
|
+$4.46M |
| 3 |
EWM
Elevatus Welath Management
Victor,
New York
|
+$3.64M |
| 4 |
GS
GTS Securities
New York
|
+$3.38M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$2.98M |
Top Sellers
| 1 |
HF
HRT Financial
New York
|
-$2.42M |
| 2 |
DSCM
Del-Sette Capital Management
Schenectady,
New York
|
-$2.11M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$2.05M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.76M |
| 5 |
Squarepoint
New York
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EIP
76
Ellis Investment Partners
Berwyn,
Pennsylvania
| – | -$211K | -1,878 | Closed |
|
77
JP Morgan Chase
New York
| – | -$150K | -1,338 | Closed |
|
|
HT
78
Headlands Technologies
Chicago,
Illinois
| – | -$96.2K | -857 | Closed |
|
|
HCM
79
Hollencrest Capital Management
Newport Beach,
California
| – | -$13.5K | -120 | Closed |
|
80
Belvedere Trading
Chicago,
Illinois
| – | -$561 | -5 | Closed |
|
|
FFA
81
Farther Finance Advisors
San Francisco,
California
| – | -$110 | -1 | Closed |
|
82
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$111 | -1 | Closed |
|
FAS Hedge Fund Activity: Q2 2024 in Review
66 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2024, worth a combined $162M — up 78% from $90.7M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FAS and 13 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 12 added.
The largest buyer was Jane Street, adding an estimated $72.7M. The largest seller was HRT Financial, exiting entirely with an estimated $2.42M sold.
- 66 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2024, down from 69 in Q1 2024.
- Funds reported $162M of Direxion Daily Financial Bull 3x ETF stock for Q2 2024, up 78% quarter-over-quarter.
- 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2024 and 15 closed out, a net change of -2 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2024 was Jane Street, an estimated $72.7M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2024 was HRT Financial, an estimated $2.42M sold.
Based on aggregated 13F filings for Q2 2024.