Direxion Daily Financial Bear 3x ETF
25 hedge funds and large institutions have $20.9M invested in Direxion Daily Financial Bear 3x ETF in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 6 closing their positions.
207% more call options, than puts
Call options by funds: $12.4M | Put options by funds: $4.03M
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
34% more capital invested
Capital invested by funds: $15.6M → $20.9M (+$5.24M)
5.99% more ownership
Funds ownership: 9.83% → 15.83% (+6%)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
4% less funds holding
Funds holding: 26 → 25 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$8.19M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$4.25M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$984K |
| 4 |
Jane Street
New York
|
+$883K |
| 5 |
VF
Virtu Financial
New York
|
+$804K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.98M |
| 2 |
Squarepoint
New York
|
-$964K |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
-$588K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$433K |
| 5 |
CWM
Cedar Wealth Management
Walnut Creek,
California
|
-$378K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Squarepoint
New York
| – | -$964K | -48,196 | Closed |
|
|
27
Wolverine Trading
Chicago,
Illinois
| – | -$588K | -32,752 | Closed |
|
|
CWM
28
Cedar Wealth Management
Walnut Creek,
California
| – | -$378K | -18,907 | Closed |
|
29
Walleye Capital
New York
| – | -$269K | -13,448 | Closed |
|
30
Fidelity Investments
Boston,
Massachusetts
| – | -$20 | -1 | Closed |
|
FAZ Hedge Fund Activity: Q4 2023 in Review
25 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2023, worth a combined $20.9M — up 34% from $15.6M a quarter earlier.
Fund positioning in FAZ was balanced in Q4 2023: 6 funds opened new positions, 6 closed out, 10 added to existing stakes and 5 trimmed.
The largest buyer was HRT Financial, adding an estimated $8.19M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $3.98M sold.
- 25 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2023, down from 26 in Q3 2023.
- Funds reported $20.9M of Direxion Daily Financial Bear 3x ETF stock for Q4 2023, up 34% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2023 and 6 closed out, a net change of 0 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2023 was HRT Financial, an estimated $8.19M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2023 was Susquehanna International Group, an estimated $3.98M sold.
Based on aggregated 13F filings for Q4 2023.