Direxion Daily Financial Bear 3x ETF
24 hedge funds and large institutions have $12.3M invested in Direxion Daily Financial Bear 3x ETF in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 9 closing their positions.
226% more call options, than puts
Call options by funds: $15.5M | Put options by funds: $4.76M
0% more funds holding
Funds holding: 24 → 24 (0)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
0.13% less ownership
Funds ownership: 8.61% → 8.49% (-0.13%)
16% less capital invested
Capital invested by funds: $14.7M → $12.3M (-$2.32M)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$1.2M |
| 2 |
Squarepoint
New York
|
+$1.16M |
| 3 |
Jane Street
New York
|
+$644K |
| 4 |
CG
Cutler Group
San Francisco,
California
|
+$461K |
| 5 |
CWM
Cedar Wealth Management
Walnut Creek,
California
|
+$358K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.5M |
| 2 |
PFA
Petra Financial Advisors
Colorado Srpings,
Colorado
|
-$1.96M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.34M |
| 4 |
Millennium Management
New York
|
-$732K |
| 5 |
Walleye Capital
New York
|
-$531K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Millennium Management
New York
| – | -$732K | -33,190 | Closed |
|
|
27
Walleye Capital
New York
| – | -$531K | -24,096 | Closed |
|
|
BCM
28
Brookstone Capital Management
Wheaton,
Illinois
| – | -$411K | -20,610 | Closed |
|
|
LAM
29
LifePro Asset Management
San Diego,
California
| – | -$208K | -10,771 | Closed |
|
|
GCM
30
Gunderson Capital Management
Mt. Pleasant,
South Carolina
| – | -$207K | -9,400 | Closed |
|
|
TSS
31
Two Sigma Securities
New York
| – | -$202K | -9,158 | Closed |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| – | -$96.3K | -2,500 | Closed |
|
|
SWM
33
Spire Wealth Management
Mclean,
Virginia
| – | -$8.95K | -406 | Closed |
|
FAZ Hedge Fund Activity: Q2 2023 in Review
24 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2023, worth a combined $12.3M — down 16% from $14.7M a quarter earlier.
Fund positioning in FAZ was balanced in Q2 2023: 9 funds opened new positions, 9 closed out, 3 added to existing stakes and 7 trimmed.
The largest buyer was National Bank of Canada, opening a new position worth an estimated $1.2M. The largest seller was Bank of America, cutting an estimated $2.5M.
- 24 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $12.3M of Direxion Daily Financial Bear 3x ETF stock for Q2 2023, down 16% quarter-over-quarter.
- 9 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2023 and 9 closed out, a net change of 0 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2023 was National Bank of Canada, an estimated $1.2M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2023 was Bank of America, an estimated $2.5M sold.
Based on aggregated 13F filings for Q2 2023.