Direxion Daily Financial Bull 3x ETF
43 hedge funds and large institutions have $81.6M invested in Direxion Daily Financial Bull 3x ETF in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
19% more funds holding
Funds holding: 36 → 43 (+7)
0.56% less ownership
Funds ownership: 8.08% → 7.52% (-0.56%)
16% less capital invested
Capital invested by funds: $96.9M → $81.6M (-$15.3M)
28% less call options, than puts
Call options by funds: $98.7M | Put options by funds: $136M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QIM
Quantitative Investment Management
Charlottesville,
Virginia
|
+$2.36M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.14M |
| 3 |
VF
Virtu Financial
New York
|
+$1.71M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.46M |
| 5 |
GA
GFS Advisors
Houston,
Texas
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$22.2M |
| 2 |
Jane Street
New York
|
-$4.25M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.48M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.31M |
| 5 |
SCM
Stevens Capital Management
Radnor,
Pennsylvania
|
-$1.12M |
FAS Hedge Fund Activity: Q2 2016 in Review
43 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2016, worth a combined $81.6M — down 16% from $96.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FAS positions and 6 closed out — a net gain of 7 holders — while 6 added to existing stakes and 13 trimmed.
The largest buyer was Quantitative Investment Management, opening a new position worth an estimated $2.36M. The largest seller was Goldman Sachs, cutting an estimated $22.2M.
- 43 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2016, up from 36 in Q1 2016.
- Funds reported $81.6M of Direxion Daily Financial Bull 3x ETF stock for Q2 2016, down 16% quarter-over-quarter.
- 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2016 and 6 closed out, a net change of +7 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2016 was Quantitative Investment Management, an estimated $2.36M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2016 was Goldman Sachs, an estimated $22.2M sold.
Based on aggregated 13F filings for Q2 2016.