Direxion Daily Financial Bear 3x ETF
23 hedge funds and large institutions have $23.8M invested in Direxion Daily Financial Bear 3x ETF in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 8 closing their positions.
212% more call options, than puts
Call options by funds: $5.37M | Put options by funds: $1.72M
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
14% more capital invested
Capital invested by funds: $20.9M → $23.8M (+$2.93M)
2.02% more ownership
Funds ownership: 15.83% → 17.85% (+2%)
8% less funds holding
Funds holding: 25 → 23 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$3.09M |
| 2 |
HF
HRT Financial
New York
|
+$1.74M |
| 3 |
Jane Street
New York
|
+$1.29M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.14M |
| 5 |
GS
GTS Securities
New York
|
+$878K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$497K |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$312K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$237K |
| 4 |
WDC
Woodward Diversified Capital
Bakersfield,
California
|
-$194K |
| 5 |
JIC
Johnson Investment Counsel
Cincinnati,
Ohio
|
-$185K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIC
26
Johnson Investment Counsel
Cincinnati,
Ohio
| – | -$185K | -13,505 | Closed |
|
27
Bank of America
Charlotte,
North Carolina
| – | -$56K | -4,100 | Closed |
|
|
CG
28
Cutler Group
San Francisco,
California
| – | -$9.67K | -800 | Closed |
|
|
LC
29
Lindbrook Capital
Calabasas,
California
| – | -$6.83K | -500 | Closed |
|
|
SIS
30
Sound Income Strategies
Ft Lauderdale,
Florida
| – | -$41 | -3 | Closed |
|
FAZ Hedge Fund Activity: Q1 2024 in Review
23 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q1 2024, worth a combined $23.8M — up 14% from $20.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FAZ and 6 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 8 added.
The largest buyer was Citadel Advisors, adding an estimated $3.09M. The largest seller was Morgan Stanley, cutting an estimated $497K.
- 23 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q1 2024, down from 25 in Q4 2023.
- Funds reported $23.8M of Direxion Daily Financial Bear 3x ETF stock for Q1 2024, up 14% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q1 2024 and 8 closed out, a net change of -2 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q1 2024 was Citadel Advisors, an estimated $3.09M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q1 2024 was Morgan Stanley, an estimated $497K sold.
Based on aggregated 13F filings for Q1 2024.