Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
16 hedge funds and large institutions have $17.6M invested in Direxion Daily Financial Bear 3x ETF in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 4 reducing their positions, and 7 closing their positions.
33% more call options, than puts
Call options by funds: $40M | Put options by funds: $30.1M
6% more capital invested
Capital invested by funds: $16.6M → $17.6M (+$998K)
0.1% more ownership
Funds ownership: 0.02% → 0.12% (+0.1%)
0% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 4
11% less funds holding
Funds holding: 18 → 16 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.26M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.07M |
| 3 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$583K |
| 4 |
TSS
Two Sigma Securities
New York
|
+$378K |
| 5 |
Jane Street
New York
|
+$287K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TB
Terril Brothers
St. Louis,
Missouri
|
-$1.9M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$683K |
| 3 |
VF
Virtu Financial
New York
|
-$510K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$385K |
| 5 |
XS
XR Securities
Chicago,
Illinois
|
-$319K |
FAZ Hedge Fund Activity: Q3 2019 in Review
16 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2019, worth a combined $17.6M — up 6% from $16.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FAZ and 5 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 4 added.
The largest buyer was Citadel Advisors, adding an estimated $4.26M. The largest seller was Terril Brothers, exiting entirely with an estimated $1.9M sold.
- 16 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2019, down from 18 in Q2 2019.
- Funds reported $17.6M of Direxion Daily Financial Bear 3x ETF stock for Q3 2019, up 6% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2019 and 7 closed out, a net change of -2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2019 was Citadel Advisors, an estimated $4.26M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2019 was Terril Brothers, an estimated $1.9M sold.
Based on aggregated 13F filings for Q3 2019.