Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
22 hedge funds and large institutions have $14.9M invested in Direxion Daily Financial Bear 3x ETF in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 6 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
10% more funds holding
Funds holding: 20 → 22 (+2)
0.02% less ownership
Funds ownership: 0.04% → 0.02% (-0.02%)
41% less capital invested
Capital invested by funds: $25.3M → $14.9M (-$10.5M)
42% less call options, than puts
Call options by funds: $10.6M | Put options by funds: $18.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.44M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$616K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$517K |
| 4 |
Jane Street
New York
|
+$426K |
| 5 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$339K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$3.42M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$2.05M |
| 3 |
Goldman Sachs
New York
|
-$1.54M |
| 4 |
Morgan Stanley
New York
|
-$1.35M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$459K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$459K | -111 | Closed |
|
27
Renaissance Technologies
New York
| – | -$373K | -69 | Closed |
|
28
SG Americas Securities
New York
| – | -$292K | -54 | Closed |
|
|
HIS
29
Harvest Investment Services
Oakbrook Terrace,
Illinois
| – | -$160K | -38 | Closed |
|
30
Barclays
London,
United Kingdom
| – | -$62K | -15 | Closed |
|
|
FAM
31
Formidable Asset Management
Cincinnati,
Ohio
| – | +$339K | +82 | New |
|
FAZ Hedge Fund Activity: Q1 2019 in Review
22 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2019, worth a combined $14.9M — down 41% from $25.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FAZ positions and 6 closed out — a net gain of 2 holders — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $3.44M. The largest seller was Citigroup, cutting an estimated $3.42M.
- 22 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2019, up from 20 in Q4 2018.
- Funds reported $14.9M of Direxion Daily Financial Bear 3x ETF stock for Q1 2019, down 41% quarter-over-quarter.
- 8 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2019 and 6 closed out, a net change of +2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2019 was Susquehanna International Group, an estimated $3.44M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2019 was Citigroup, an estimated $3.42M sold.
Based on aggregated 13F filings for Q1 2019.