Direxion Daily Financial Bull 3x ETF
42 hedge funds and large institutions have $106M invested in Direxion Daily Financial Bull 3x ETF in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
17% more funds holding
Funds holding: 36 → 42 (+6)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
14.89% less ownership
Funds ownership: 51.41% → 36.52% (-15%)
25% less call options, than puts
Call options by funds: $191M | Put options by funds: $256M
34% less capital invested
Capital invested by funds: $160M → $106M (-$54.6M)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$2.62M |
| 2 |
VCAM
Valentine Capital Asset Management
Danville,
California
|
+$2.54M |
| 3 |
Walleye Trading
New York
|
+$2.5M |
| 4 |
Two Sigma Investments
New York
|
+$2.47M |
| 5 |
Jane Street
New York
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$24.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.4M |
| 3 |
Morgan Stanley
New York
|
-$9.46M |
| 4 |
Citigroup
New York
|
-$9.18M |
| 5 |
EWA
Exencial Wealth Advisors
Oklahoma City,
Oklahoma
|
-$6.24M |
FAS Hedge Fund Activity: Q2 2014 in Review
42 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2014, worth a combined $106M — down 34% from $160M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FAS positions and 8 closed out — a net gain of 6 holders — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $2.62M. The largest seller was Goldman Sachs, cutting an estimated $24.5M.
- 42 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2014, up from 36 in Q1 2014.
- Funds reported $106M of Direxion Daily Financial Bull 3x ETF stock for Q2 2014, down 34% quarter-over-quarter.
- 14 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2014 and 8 closed out, a net change of +6 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2014 was Citadel Advisors, an estimated $2.62M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2014 was Goldman Sachs, an estimated $24.5M sold.
Based on aggregated 13F filings for Q2 2014.