Direxion Daily Financial Bear 3x ETF
25 hedge funds and large institutions have $45.9M invested in Direxion Daily Financial Bear 3x ETF in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 4 closing their positions.
162% more call options, than puts
Call options by funds: $35.1M | Put options by funds: $13.4M
98% more capital invested
Capital invested by funds: $23.1M → $45.9M (+$22.8M)
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
10.27% more ownership
Funds ownership: 12.58% → 22.85% (+10%)
9% more funds holding
Funds holding: 23 → 25 (+2)
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LAM
LifePro Asset Management
San Diego,
California
|
+$14M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.89M |
| 3 |
HF
HRT Financial
New York
|
+$2.25M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.61M |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$612K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gunderson Capital Management
Mt. Pleasant,
South Carolina
|
-$1.93M |
| 2 |
Jane Street
New York
|
-$1.13M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$1.12M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.06M |
| 5 |
Goldman Sachs
New York
|
-$897K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCM
26
Gunderson Capital Management
Mt. Pleasant,
South Carolina
| – | -$1.93M | -66,649 | Closed |
|
|
27
Simplex Trading
Chicago,
Illinois
| – | -$1.12M | -38,584 | Closed |
|
28
Squarepoint
New York
| – | -$688K | -23,772 | Closed |
|
|
PWMG
29
Prestige Wealth Management Group
Flemington,
New Jersey
| – | -$4K | -125 | Closed |
|
FAZ Hedge Fund Activity: Q3 2022 in Review
25 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2022, worth a combined $45.9M — up 98% from $23.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FAZ positions and 4 closed out — a net gain of 2 holders — while 9 added to existing stakes and 9 trimmed.
The largest buyer was LifePro Asset Management, opening a new position worth an estimated $14M. The largest seller was Gunderson Capital Management, exiting entirely with an estimated $1.93M sold.
- 25 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2022, up from 23 in Q2 2022.
- Funds reported $45.9M of Direxion Daily Financial Bear 3x ETF stock for Q3 2022, up 98% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2022 and 4 closed out, a net change of +2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2022 was LifePro Asset Management, an estimated $14M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2022 was Gunderson Capital Management, an estimated $1.93M sold.
Based on aggregated 13F filings for Q3 2022.