Direxion Daily Financial Bear 3x ETF
FAZ was delisted on the 31st of July, 2026.
24 hedge funds and large institutions have $23M invested in Direxion Daily Financial Bear 3x ETF in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 3 closing their positions.
300% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 3
74% more capital invested
Capital invested by funds: $13.2M → $23M (+$9.8M)
50% more funds holding
Funds holding: 16 → 24 (+8)
44% more call options, than puts
Call options by funds: $82M | Put options by funds: $56.8M
0.03% more ownership
Funds ownership: 0.1% → 0.13% (+0.03%)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
Cutler Group
San Francisco,
California
|
+$4.28M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$3.1M |
| 3 |
Barclays
London,
United Kingdom
|
+$1.25M |
| 4 |
JC
Jacobs & Co
San Francisco,
California
|
+$838K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$763K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.94M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.78M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.34M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$699K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$332K |
FAZ Hedge Fund Activity: Q1 2020 in Review
24 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2020, worth a combined $23M — up 74% from $13.2M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FAZ positions and 3 closed out — a net gain of 9 holders — while 4 added to existing stakes and 6 trimmed.
The largest buyer was Cutler Group, opening a new position worth an estimated $4.28M. The largest seller was Morgan Stanley, cutting an estimated $2.94M.
- 24 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2020, up from 16 in Q4 2019.
- Funds reported $23M of Direxion Daily Financial Bear 3x ETF stock for Q1 2020, up 74% quarter-over-quarter.
- 12 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2020 and 3 closed out, a net change of +9 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2020 was Cutler Group, an estimated $4.28M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2020 was Morgan Stanley, an estimated $2.94M sold.
Based on aggregated 13F filings for Q1 2020.