Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
21 hedge funds and large institutions have $49.6M invested in Direxion Daily Financial Bear 3x ETF in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 5 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
6% more capital invested
Capital invested by funds: $47M → $49.6M (+$2.6M)
6% more call options, than puts
Call options by funds: $18M | Put options by funds: $17M
0.01% more ownership
Funds ownership: 0.04% → 0.05% (+0.01%)
5% less funds holding
Funds holding: 22 → 21 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$7.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.78M |
| 3 |
Citigroup
New York
|
+$2.7M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.7M |
| 5 |
Two Sigma Advisers
New York
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.74M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.35M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$635K |
| 4 |
TSS
Two Sigma Securities
New York
|
-$387K |
| 5 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$305K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
26
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$305K | -24 | Closed |
|
27
Walleye Trading
New York
| – | -$108K | -10 | Closed |
|
28
Envestnet Asset Management
Chicago,
Illinois
| – | -$40K | -3 | Closed |
|
|
FTUS
29
Flow Traders U.S.
New York
| – | -$3K | – | – |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | – | – |
|
FAZ Hedge Fund Activity: Q4 2016 in Review
21 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2016, worth a combined $49.6M — up 5.5% from $47M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FAZ and 4 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 11 added.
The largest buyer was Timber Hill, adding an estimated $7.3M. The largest seller was Jane Street, cutting an estimated $1.74M.
- 21 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2016, down from 22 in Q3 2016.
- Funds reported $49.6M of Direxion Daily Financial Bear 3x ETF stock for Q4 2016, up 5.5% quarter-over-quarter.
- 4 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2016 and 5 closed out, a net change of -1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2016 was Timber Hill, an estimated $7.3M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2016 was Jane Street, an estimated $1.74M sold.
Based on aggregated 13F filings for Q4 2016.