Direxion Daily Financial Bull 3x ETF
FAS
69 hedge funds and large institutions have $70.7M invested in Direxion Daily Financial Bull 3x ETF in 2021 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 17 closing their positions.
25% more call options, than puts
Call options by funds: $306M | Put options by funds: $245M
1% more funds holding
Funds holding: 68 → 69 (+1)
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 17
2.02% less ownership
Funds ownership: 4.51% → 2.48% (-2%)
29% less capital invested
Capital invested by funds: $99.5M → $70.7M (-$28.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Silverleafe Capital Partners
Germantown,
Tennessee
|
+$2.72M |
| 2 |
Morgan Stanley
New York
|
+$1.41M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$1.04M |
| 4 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
+$703K |
| 5 |
LPL Financial
San Diego,
California
|
+$700K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$15.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$13.8M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.86M |
| 4 |
HJMC
Hellman Jordan Management Company
Quincy,
Massachusetts
|
-$7.31M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
-$5.32M |
FAS Hedge Fund Activity: Q1 2021 in Review
69 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q1 2021, worth a combined $70.7M — down 29% from $99.5M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FAS positions and 17 closed out — a net gain of 1 holder — while 17 added to existing stakes and 17 trimmed.
The largest buyer was Silverleafe Capital Partners, opening a new position worth an estimated $2.72M. The largest seller was Citadel Advisors, cutting an estimated $15.1M.
- 69 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q1 2021, up from 68 in Q4 2020.
- Funds reported $70.7M of Direxion Daily Financial Bull 3x ETF stock for Q1 2021, down 29% quarter-over-quarter.
- 18 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q1 2021 and 17 closed out, a net change of +1 holder.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q1 2021 was Silverleafe Capital Partners, an estimated $2.72M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q1 2021 was Citadel Advisors, an estimated $15.1M sold.
Based on aggregated 13F filings for Q1 2021.