Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
17 hedge funds and large institutions have $27.3M invested in Direxion Daily Financial Bear 3x ETF in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 9 closing their positions.
220% more call options, than puts
Call options by funds: $12.2M | Put options by funds: $3.81M
0.02% less ownership
Funds ownership: 0.05% → 0.03% (-0.02%)
32% less funds holding
Funds holding: 25 → 17 (-8)
45% less capital invested
Capital invested by funds: $50M → $27.3M (-$22.6M)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.11M |
| 2 |
Citigroup
New York
|
+$940K |
| 3 |
SG Americas Securities
New York
|
+$752K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$685K |
| 5 |
HCM
Highlander Capital Management
Short Hills,
New Jersey
|
+$376K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$5.8M |
| 2 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$5.08M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.13M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.38M |
| 5 |
Two Sigma Advisers
New York
|
-$2.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Simplex Trading
Chicago,
Illinois
| – | -$766K | -99 | Closed |
|
|
CG
27
Cutler Group
San Francisco,
California
| – | -$346K | -46 | Closed |
|
|
IG
28
ING Group
Amsterdam,
Netherlands
| – | -$299K | -21 | Closed |
|
|
FANJ
29
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$4K | -1 | Closed |
|
30
SEI Investments
Oaks,
Pennsylvania
| – | -$7K | -1 | Closed |
|
FAZ Hedge Fund Activity: Q2 2017 in Review
17 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2017, worth a combined $27.3M — down 45% from $50M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FAZ and 2 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 4 added.
The largest buyer was Tower Research Capital (TRC), adding an estimated $2.11M. The largest seller was Amundi Asset Management US, exiting entirely with an estimated $5.8M sold.
- 17 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2017, down from 25 in Q1 2017.
- Funds reported $27.3M of Direxion Daily Financial Bear 3x ETF stock for Q2 2017, down 45% quarter-over-quarter.
- 2 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2017 and 9 closed out, a net change of -7 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2017 was Tower Research Capital (TRC), an estimated $2.11M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2017 was Amundi Asset Management US, an estimated $5.8M sold.
Based on aggregated 13F filings for Q2 2017.