Direxion Daily Financial Bear 3x ETF
26 hedge funds and large institutions have $15.6M invested in Direxion Daily Financial Bear 3x ETF in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 4 closing their positions.
165% more call options, than puts
Call options by funds: $19.6M | Put options by funds: $7.37M
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
27% more capital invested
Capital invested by funds: $12.3M → $15.6M (+$3.29M)
8% more funds holding
Funds holding: 24 → 26 (+2)
1.35% more ownership
Funds ownership: 8.49% → 9.83% (+1.3%)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.55M |
| 2 |
PFO
Pathstone Family Office
Englewood,
New Jersey
|
+$881K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$880K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$801K |
| 5 |
HF
HRT Financial
New York
|
+$676K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
New York
|
-$2.45M |
| 2 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$1.2M |
| 3 |
Jane Street
New York
|
-$598K |
| 4 |
CG
Cutler Group
San Francisco,
California
|
-$479K |
| 5 |
VF
Virtu Financial
New York
|
-$282K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fidelity Investments
Boston,
Massachusetts
| $20 | +$20 | +1 | New |
|
27
Wells Fargo
San Francisco,
California
| $5 | – | -1 | Closed |
|
|
28
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$1.2M | -64,300 | Closed |
|
29
Barclays
London,
United Kingdom
| – | -$83.3K | -4,400 | Closed |
|
|
LC
30
Lindbrook Capital
Calabasas,
California
| – | -$18.9K | -1,000 | Closed |
|
FAZ Hedge Fund Activity: Q3 2023 in Review
26 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2023, worth a combined $15.6M — up 27% from $12.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FAZ positions and 4 closed out — a net gain of 2 holders — while 7 added to existing stakes and 8 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $3.55M. The largest seller was GTS Securities, cutting an estimated $2.45M.
- 26 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2023, up from 24 in Q2 2023.
- Funds reported $15.6M of Direxion Daily Financial Bear 3x ETF stock for Q3 2023, up 27% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2023 and 4 closed out, a net change of +2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2023 was Susquehanna International Group, an estimated $3.55M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2023 was GTS Securities, an estimated $2.45M sold.
Based on aggregated 13F filings for Q3 2023.