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Direxion Daily Financial Bull 3x ETF
FAS

67 hedge funds and large institutions have $53.8M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $77.5M | Put options by funds: $66.6M

6% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 16

0% more funds holding

Funds holding: 67 → 67 (0)

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

1.8% less ownership

Funds ownership: 4.8% → 3% (-1.8%)

36% less capital invested

Capital invested by funds: $83.6M → $53.8M (-$29.8M)

Holders
67
Holders Change
–
Holders Change %
0%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
17
Reduced
16
Closed
13
Calls
$77.5M
Puts
$66.6M
Net Calls
+$10.9M
Net Calls Change
+$7.13M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$1.08M
2
Wolverine Trading
Wolverine Trading
Illinois
+$959K
3
TFA
Toth Financial Advisory
Virginia
+$912K
4
TCM
Traynor Capital Management
Pennsylvania
+$764K
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$531K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$12.4M
2
HF
HRT Financial
New York
-$11.9M
3
Jane Street
Jane Street
New York
-$8.94M
4
Squarepoint
Squarepoint
New York
-$5.92M
5
Citadel Advisors
Citadel Advisors
Florida
-$2.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
1
Citadel Advisors
Florida
$12.6M -$2.12M -35,993 -15%
SCA
2
Snowden Capital Advisors
New York
$5.63M +$35.4K +600 +0.7%
Simplex Trading
3
Simplex Trading
Illinois
$3.98M -$614K -10,400 -14%
GS
4
GTS Securities
New York
$3.89M +$3.6M +61,107 New
CIBC Private Wealth Group
5
CIBC Private Wealth Group
Georgia
$2.36M – – –
Wolverine Trading
6
Wolverine Trading
Illinois
$2.24M +$959K +16,257 +82%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$2.07M -$12.4M -210,549 -87%
CS
8
Credit Suisse
Switzerland
$1.99M +$1.08M +18,355 +142%
TFA
9
Toth Financial Advisory
Virginia
$1.98M +$912K +15,466 +99%
Bank of Nova Scotia
10
Bank of Nova Scotia
Ontario, Canada
$1.84M +$531K +9,000 +45%
TCM
11
Traynor Capital Management
Pennsylvania
$1.56M +$764K +12,951 +112%
CIA
12
Capital Investment Advisors
Georgia
$1.45M +$12.4K +210 +0.9%
Morgan Stanley
13
Morgan Stanley
New York
$1.01M -$140K -2,377 -13%
CF
14
Cantor Fitzgerald
New York
$978K -$491K -8,320 -35%
SCM
15
SOL Capital Management
Maryland
$763K – – –
Squarepoint
16
Squarepoint
New York
$743K -$5.92M -100,280 -90%
XSC
17
X-Square Capital
Puerto Rico
$598K -$342K -5,796 -38%
PNC Financial Services Group
18
PNC Financial Services Group
Pennsylvania
$588K +$531K +9,000 +3,629%
Parallax Volatility Advisers
19
Parallax Volatility Advisers
California
$543K -$20.3K -344 -4%
PCMF
20
Private Capital Management (Florida)
Florida
$528K -$59K -1,000 -11%
EWA
21
Exencial Wealth Advisors
Oklahoma
$514K – – –
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$431K +$400K +6,786 New
Bank of America
23
Bank of America
North Carolina
$416K -$240K -4,076 -38%
MSFP
24
Mark Sheptoff Financial Planning
Connecticut
$381K – – –
Goldman Sachs
25
Goldman Sachs
New York
$348K +$323K +5,476 New
1
2 3 4

FAS Hedge Fund Activity: Q2 2023 in Review

67 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q2 2023, worth a combined $53.8M — down 36% from $83.6M a quarter earlier.

Fund positioning in FAS was balanced in Q2 2023: 13 funds opened new positions, 13 closed out, 17 added to existing stakes and 16 trimmed.

The largest buyer was Credit Suisse, adding an estimated $1.08M. The largest seller was Susquehanna International Group, cutting an estimated $12.4M.

  • 67 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $53.8M of Direxion Daily Financial Bull 3x ETF stock for Q2 2023, down 36% quarter-over-quarter.
  • 13 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q2 2023 and 13 closed out, a net change of 0 holders.
  • The largest Direxion Daily Financial Bull 3x ETF buyer in Q2 2023 was Credit Suisse, an estimated $1.08M added.
  • The largest Direxion Daily Financial Bull 3x ETF seller in Q2 2023 was Susquehanna International Group, an estimated $12.4M sold.

Based on aggregated 13F filings for Q2 2023.