Direxion Daily Financial Bull 3x ETF
61 hedge funds and large institutions have $31.1M invested in Direxion Daily Financial Bull 3x ETF in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 11 closing their positions.
11% more call options, than puts
Call options by funds: $73M | Put options by funds: $65.8M
1.05% less ownership
Funds ownership: 3% → 1.95% (-1%)
9% less funds holding
Funds holding: 67 → 61 (-6)
42% less capital invested
Capital invested by funds: $53.8M → $31.1M (-$22.7M)
48% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 21
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
+$1.4M |
| 2 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.15M |
| 3 |
Millennium Management
New York
|
+$400K |
| 4 |
Morgan Stanley
New York
|
+$112K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$74.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$8.7M |
| 2 |
SCA
Snowden Capital Advisors
New York
|
-$5.63M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$1.57M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.38M |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
-$1.15M |
FAS Hedge Fund Activity: Q3 2023 in Review
61 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bull 3x ETF (FAS) for Q3 2023, worth a combined $31.1M — down 42% from $53.8M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FAS and 5 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 11 added.
The largest buyer was Pathstone Family Office, opening a new position worth an estimated $1.4M. The largest seller was Citadel Advisors, cutting an estimated $8.7M.
- 61 institutional investors held Direxion Daily Financial Bull 3x ETF (FAS) as of Q3 2023, down from 67 in Q2 2023.
- Funds reported $31.1M of Direxion Daily Financial Bull 3x ETF stock for Q3 2023, down 42% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bull 3x ETF positions in Q3 2023 and 11 closed out, a net change of -6 holders.
- The largest Direxion Daily Financial Bull 3x ETF buyer in Q3 2023 was Pathstone Family Office, an estimated $1.4M added.
- The largest Direxion Daily Financial Bull 3x ETF seller in Q3 2023 was Citadel Advisors, an estimated $8.7M sold.
Based on aggregated 13F filings for Q3 2023.