Direxion Daily Financial Bear 3x ETF
FAZ
22 hedge funds and large institutions have $16.6M invested in Direxion Daily Financial Bear 3x ETF in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 11 closing their positions.
12% more capital invested
Capital invested by funds: $14.9M → $16.6M (+$1.79M)
0% less call options, than puts
Call options by funds: $27.8M | Put options by funds: $27.9M
6.62% less ownership
Funds ownership: 8.48% → 1.86% (-6.6%)
19% less funds holding
Funds holding: 27 → 22 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TB
Terril Brothers
St. Louis,
Missouri
|
+$1.9M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$518K |
| 3 |
XS
XR Securities
Chicago,
Illinois
|
+$319K |
| 4 |
US Bancorp
Minneapolis,
Minnesota
|
+$181K |
| 5 |
Citigroup
New York
|
+$114K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$17.7M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$12.8M |
| 3 |
Morgan Stanley
New York
|
-$4.31M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.24M |
| 5 |
VF
Virtu Financial
New York
|
-$1.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LFA
26
Legacy Financial Advisors
Covington,
Kentucky
| – | -$9K | -950 | Closed |
|
27
Parallax Volatility Advisers
San Francisco,
California
| – | -$3.33K | -308 | Closed |
|
|
EWM
28
Edge Wealth Management
New York
| – | -$2K | -264 | Closed |
|
|
RE
29
RBC Europe
London,
United Kingdom
| – | -$95 | -10 | Closed |
|
FAZ Hedge Fund Activity: Q2 2019 in Review
22 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2019, worth a combined $16.6M — up 12% from $14.9M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FAZ and 6 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 3 added.
The largest buyer was Terril Brothers, opening a new position worth an estimated $1.9M. The largest seller was Goldman Sachs, cutting an estimated $17.7M.
- 22 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2019, down from 27 in Q1 2019.
- Funds reported $16.6M of Direxion Daily Financial Bear 3x ETF stock for Q2 2019, up 12% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2019 and 11 closed out, a net change of -5 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2019 was Terril Brothers, an estimated $1.9M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2019 was Goldman Sachs, an estimated $17.7M sold.
Based on aggregated 13F filings for Q2 2019.