Direxion Daily Financial Bear 3x ETF
24 hedge funds and large institutions have $12.2M invested in Direxion Daily Financial Bear 3x ETF in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 11 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
41% more call options, than puts
Call options by funds: $49.8M | Put options by funds: $35.4M
6.77% less ownership
Funds ownership: 10.44% → 3.66% (-6.8%)
20% less funds holding
Funds holding: 30 → 24 (-6)
47% less capital invested
Capital invested by funds: $23M → $12.2M (-$10.8M)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$5.4M |
| 2 |
Morgan Stanley
New York
|
+$886K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$875K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$841K |
| 5 |
SG Americas Securities
New York
|
+$226K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
-$3.52M |
| 2 |
CG
Cutler Group
San Francisco,
California
|
-$2.02M |
| 3 |
Jane Street
New York
|
-$1.2M |
| 4 |
JC
Jacobs & Co
San Francisco,
California
|
-$949K |
| 5 |
Barclays
London,
United Kingdom
|
-$887K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wolverine Trading
Chicago,
Illinois
| – | -$644K | -27,206 | Closed |
|
|
JC
27
Jacobs & Co
San Francisco,
California
| – | -$949K | -25,000 | Closed |
|
28
Renaissance Technologies
New York
| – | -$721K | -19,000 | Closed |
|
|
TSS
29
Two Sigma Securities
New York
| – | -$238K | -6,264 | Closed |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| – | -$219K | -5,767 | Closed |
|
31
William Blair & Company
Chicago,
Illinois
| – | -$152K | -4,005 | Closed |
|
32
UBS Group
Zurich,
Switzerland
| – | -$10K | -275 | Closed |
|
FAZ Hedge Fund Activity: Q2 2020 in Review
24 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2020, worth a combined $12.2M — down 47% from $23M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FAZ and 5 opened new positions — a net loss of 6 holders — while 4 trimmed existing stakes and 8 added.
The largest buyer was Citadel Advisors, adding an estimated $5.4M. The largest seller was Creative Planning, exiting entirely with an estimated $3.52M sold.
- 24 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2020, down from 30 in Q1 2020.
- Funds reported $12.2M of Direxion Daily Financial Bear 3x ETF stock for Q2 2020, down 47% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2020 and 11 closed out, a net change of -6 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2020 was Citadel Advisors, an estimated $5.4M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2020 was Creative Planning, an estimated $3.52M sold.
Based on aggregated 13F filings for Q2 2020.