Direxion Daily Financial Bear 3x ETF
24 hedge funds and large institutions have $62.2M invested in Direxion Daily Financial Bear 3x ETF in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 2 increasing their positions, 10 reducing their positions, and 6 closing their positions.
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
9% more funds holding
Funds holding: 22 → 24 (+2)
16.45% less ownership
Funds ownership: 34.58% → 18.12% (-16%)
42% less capital invested
Capital invested by funds: $108M → $62.2M (-$45.7M)
63% less call options, than puts
Call options by funds: $29.2M | Put options by funds: $79.7M
80% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$5.96M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$1.46M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$1.06M |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$525K |
| 5 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$30.3M |
| 2 |
Goldman Sachs
New York
|
-$15M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.59M |
| 4 |
Two Sigma Advisers
New York
|
-$2.01M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
26
Virtu KCG Holdings
New York
| – | -$985K | -23,930 | Closed |
|
27
Citadel Advisors
Miami,
Florida
| – | -$335K | -8,138 | Closed |
|
FAZ Hedge Fund Activity: Q1 2016 in Review
24 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2016, worth a combined $62.2M — down 42% from $108M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FAZ positions and 6 closed out — a net gain of 2 holders — while 2 added to existing stakes and 10 trimmed.
The largest buyer was Timber Hill, adding an estimated $5.96M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $30.3M.
- 24 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2016, up from 22 in Q4 2015.
- Funds reported $62.2M of Direxion Daily Financial Bear 3x ETF stock for Q1 2016, down 42% quarter-over-quarter.
- 8 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2016 and 6 closed out, a net change of +2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2016 was Timber Hill, an estimated $5.96M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2016 was BNP Paribas Financial Markets, an estimated $30.3M sold.
Based on aggregated 13F filings for Q1 2016.