Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
18 hedge funds and large institutions have $16.6M invested in Direxion Daily Financial Bear 3x ETF in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 10 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 2
12% more capital invested
Capital invested by funds: $14.9M → $16.6M (+$1.79M)
0% more ownership
Funds ownership: 0.02% → 0.02% (+0%)
0% less call options, than puts
Call options by funds: $27.8M | Put options by funds: $27.9M
18% less funds holding
Funds holding: 22 → 18 (-4)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$2.87M |
| 2 |
TB
Terril Brothers
St. Louis,
Missouri
|
+$2.05M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$742K |
| 4 |
Morgan Stanley
New York
|
+$612K |
| 5 |
VF
Virtu Financial
New York
|
+$356K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.48M |
| 2 |
TSS
Two Sigma Securities
New York
|
-$311K |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$290K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$175K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LFA
26
Legacy Financial Advisors
Covington,
Kentucky
| – | -$9K | -2 | Closed |
|
|
EWM
27
Edge Wealth Management
New York
| – | -$2K | -1 | Closed |
|
28
Parallax Volatility Advisers
San Francisco,
California
| – | -$3.33K | -1 | Closed |
|
|
RE
29
RBC Europe
London,
United Kingdom
| – | -$95 | – | – |
|
FAZ Hedge Fund Activity: Q2 2019 in Review
18 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2019, worth a combined $16.6M — up 12% from $14.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FAZ and 6 opened new positions — a net loss of 4 holders — while 2 trimmed existing stakes and 7 added.
The largest buyer was Citadel Advisors, adding an estimated $2.87M. The largest seller was Susquehanna International Group, cutting an estimated $1.48M.
- 18 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2019, down from 22 in Q1 2019.
- Funds reported $16.6M of Direxion Daily Financial Bear 3x ETF stock for Q2 2019, up 12% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2019 and 10 closed out, a net change of -4 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2019 was Citadel Advisors, an estimated $2.87M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2019 was Susquehanna International Group, an estimated $1.48M sold.
Based on aggregated 13F filings for Q2 2019.