Direxion Daily Financial Bear 3x ETF
29 hedge funds and large institutions have $47M invested in Direxion Daily Financial Bear 3x ETF in 2016 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 10 closing their positions.
3.81% less ownership
Funds ownership: 18.38% → 14.57% (-3.8%)
15% less funds holding
Funds holding: 34 → 29 (-5)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
30% less capital invested
Capital invested by funds: $66.8M → $47M (-$19.8M)
39% less call options, than puts
Call options by funds: $28.4M | Put options by funds: $46.4M
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$3.97M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.41M |
| 3 |
Two Sigma Advisers
New York
|
+$1.29M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.23M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$736K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$7.4M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$4.77M |
| 3 |
Goldman Sachs
New York
|
-$3.04M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$885K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$677K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
26
Carroll Financial Associates
Charlotte,
North Carolina
| $1K | – | – | – |
|
|
CLOS
27
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $1K | – | – | – |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
29
Wolverine Trading
Chicago,
Illinois
| – | -$885K | -26,608 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$677K | -17,940 | Closed |
|
|
WAS
31
Winch Advisory Services
Appleton,
Wisconsin
| – | -$517K | -13,712 | Closed |
|
32
Simplex Trading
Chicago,
Illinois
| – | -$507K | -13,450 | Closed |
|
|
SPC
33
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$232K | -6,157 | Closed |
|
|
GP
34
GLG Partners
London,
United Kingdom
| – | -$221K | -5,866 | Closed |
|
35
Barclays
London,
United Kingdom
| – | -$145K | -4,350 | Closed |
|
|
CG
36
Cutler Group
San Francisco,
California
| – | -$132K | -4,066 | Closed |
|
37
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$59K | -1,560 | Closed |
|
|
MLM
38
Mount Lucas Management
Newtown,
Pennsylvania
| – | -$38K | -1,000 | Closed |
|
FAZ Hedge Fund Activity: Q3 2016 in Review
29 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2016, worth a combined $47M — down 30% from $66.8M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FAZ and 5 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 8 added.
The largest buyer was Two Sigma Investments, adding an estimated $3.97M. The largest seller was Timber Hill, cutting an estimated $7.4M.
- 29 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2016, down from 34 in Q2 2016.
- Funds reported $47M of Direxion Daily Financial Bear 3x ETF stock for Q3 2016, down 30% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2016 and 10 closed out, a net change of -5 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2016 was Two Sigma Investments, an estimated $3.97M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2016 was Timber Hill, an estimated $7.4M sold.
Based on aggregated 13F filings for Q3 2016.