Direxion Daily Financial Bear 3x ETF
27 hedge funds and large institutions have $14.9M invested in Direxion Daily Financial Bear 3x ETF in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 9 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
4% less funds holding
Funds holding: 28 → 27 (-1)
7.19% less ownership
Funds ownership: 15.67% → 8.48% (-7.2%)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
41% less capital invested
Capital invested by funds: $25.3M → $14.9M (-$10.5M)
42% less call options, than puts
Call options by funds: $10.6M | Put options by funds: $18.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.15M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$563K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$473K |
| 4 |
Jane Street
New York
|
+$390K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$3M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$2.05M |
| 3 |
Goldman Sachs
New York
|
-$1.41M |
| 4 |
Morgan Stanley
New York
|
-$1.24M |
| 5 |
Renaissance Technologies
New York
|
-$373K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Renaissance Technologies
New York
| – | -$373K | -27,500 | Closed |
|
27
SG Americas Securities
New York
| – | -$292K | -21,515 | Closed |
|
|
HIS
28
Harvest Investment Services
Oakbrook Terrace,
Illinois
| – | -$160K | -15,153 | Closed |
|
29
Barclays
London,
United Kingdom
| – | -$62K | -6,136 | Closed |
|
FAZ Hedge Fund Activity: Q1 2019 in Review
27 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2019, worth a combined $14.9M — down 41% from $25.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FAZ and 8 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 7 added.
The largest buyer was Susquehanna International Group, adding an estimated $3.15M. The largest seller was Citigroup, cutting an estimated $3M.
- 27 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2019, down from 28 in Q4 2018.
- Funds reported $14.9M of Direxion Daily Financial Bear 3x ETF stock for Q1 2019, down 41% quarter-over-quarter.
- 8 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2019 and 9 closed out, a net change of -1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2019 was Susquehanna International Group, an estimated $3.15M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2019 was Citigroup, an estimated $3M sold.
Based on aggregated 13F filings for Q1 2019.