Direxion Daily Financial Bear 3x ETF
21 hedge funds and large institutions have $6.47M invested in Direxion Daily Financial Bear 3x ETF in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 8 closing their positions.
22% more call options, than puts
Call options by funds: $33.5M | Put options by funds: $27.5M
1.18% less ownership
Funds ownership: 3.66% → 2.48% (-1.2%)
13% less funds holding
Funds holding: 24 → 21 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
47% less capital invested
Capital invested by funds: $12.2M → $6.47M (-$5.75M)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.09M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$619K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$401K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$152K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$22K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$3.53M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.04M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$906K |
| 4 |
Morgan Stanley
New York
|
-$376K |
| 5 |
SG Americas Securities
New York
|
-$226K |
FAZ Hedge Fund Activity: Q3 2020 in Review
21 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2020, worth a combined $6.47M — down 47% from $12.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAZ and 5 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was Jane Street, opening a new position worth an estimated $1.09M. The largest seller was Citadel Advisors, cutting an estimated $3.53M.
- 21 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2020, down from 24 in Q2 2020.
- Funds reported $6.47M of Direxion Daily Financial Bear 3x ETF stock for Q3 2020, down 47% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2020 and 8 closed out, a net change of -3 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2020 was Jane Street, an estimated $1.09M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2020 was Citadel Advisors, an estimated $3.53M sold.
Based on aggregated 13F filings for Q3 2020.