Direxion Daily Financial Bull 3x ETF
61 hedge funds and large institutions have $62.7M invested in Direxion Daily Financial Bull 3x ETF in 2020 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 15 closing their positions.
100% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 15
78% more capital invested
Capital invested by funds: $35.2M → $62.7M (+$27.6M)
39% more call options, than puts
Call options by funds: $150M | Put options by funds: $108M
30% more funds holding
Funds holding: 47 → 61 (+14)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
0.54% less ownership
Funds ownership: 4.69% → 4.15% (-0.54%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HJMC
Hellman Jordan Management Company
Quincy,
Massachusetts
|
+$7.44M |
| 2 |
HF
HRT Financial
New York
|
+$6.89M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$6.68M |
| 4 |
TCM
Thames Capital Management
Roseland,
New Jersey
|
+$6.04M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.2M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.66M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$2.23M |
| 4 |
APW
Aurora Private Wealth
Rockaway,
New Jersey
|
-$1.59M |
| 5 |
Citigroup
New York
|
-$1.28M |
FAS Hedge Fund Activity: Q2 2020 in Review
61 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2020, worth a combined $62.7M — up 78% from $35.2M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FAS positions and 15 closed out — a net gain of 15 holders — while 10 added to existing stakes and 9 trimmed.
The largest buyer was Hellman Jordan Management Company, adding an estimated $7.44M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $10.2M sold.
- 61 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2020, up from 47 in Q1 2020.
- Funds reported $62.7M of Direxion Daily Financial Bull 3x ETF stock for Q2 2020, up 78% quarter-over-quarter.
- 30 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2020 and 15 closed out, a net change of +15 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2020 was Hellman Jordan Management Company, an estimated $7.44M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2020 was Susquehanna International Group, an estimated $10.2M sold.
Based on aggregated 13F filings for Q2 2020.