Direxion Daily Financial Bear 3x ETF
FAZ
23 hedge funds and large institutions have $17M invested in Direxion Daily Financial Bear 3x ETF in 2024 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 6 closing their positions.
87% more call options, than puts
Call options by funds: $3.48M | Put options by funds: $1.86M
0% more funds holding
Funds holding: 23 → 23 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
4.14% less ownership
Funds ownership: 17.85% → 13.7% (-4.1%)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
29% less capital invested
Capital invested by funds: $23.8M → $17M (-$6.84M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Squarepoint
New York
|
+$813K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$571K |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
+$447K |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$361K |
| 5 |
SRL
Scientech Research LLC
Jersey City,
New Jersey
|
+$353K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
-$6.89M |
| 2 |
Jane Street
New York
|
-$1.58M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$918K |
| 4 |
VF
Virtu Financial
New York
|
-$797K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$571K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
26
Empirical Wealth Management
Seattle,
Washington
| – | -$98.1K | -10,000 | Closed |
|
27
Osaic Holdings
Scottsdale,
Arizona
| – | -$2.06K | -210 | Closed |
|
|
CA
28
CoreCap Advisors
Southfield,
Michigan
| – | -$491 | -50 | Closed |
|
29
JP Morgan Chase
New York
| – | -$137 | -14 | Closed |
|
FAZ Hedge Fund Activity: Q2 2024 in Review
23 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q2 2024, worth a combined $17M — down 29% from $23.8M a quarter earlier.
Fund positioning in FAZ was balanced in Q2 2024: 6 funds opened new positions, 6 closed out, 6 added to existing stakes and 8 trimmed.
The largest buyer was Squarepoint, opening a new position worth an estimated $813K. The largest seller was HRT Financial, cutting an estimated $6.89M.
- 23 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $17M of Direxion Daily Financial Bear 3x ETF stock for Q2 2024, down 29% quarter-over-quarter.
- 6 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q2 2024 and 6 closed out, a net change of 0 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q2 2024 was Squarepoint, an estimated $813K added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q2 2024 was HRT Financial, an estimated $6.89M sold.
Based on aggregated 13F filings for Q2 2024.