Direxion Daily Financial Bear 3x ETF
28 hedge funds and large institutions have $11.1M invested in Direxion Daily Financial Bear 3x ETF in 2024 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
136% more call options, than puts
Call options by funds: $3.19M | Put options by funds: $1.35M
22% more funds holding
Funds holding: 23 → 28 (+5)
3.58% less ownership
Funds ownership: 13.7% → 10.12% (-3.6%)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
35% less capital invested
Capital invested by funds: $17M → $11.1M (-$5.88M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWM
Prosperity Wealth Management
San Ramon,
California
|
+$688K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$442K |
| 3 |
Renaissance Technologies
New York
|
+$372K |
| 4 |
Morgan Stanley
New York
|
+$240K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$210K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
-$1.2M |
| 2 |
Squarepoint
New York
|
-$497K |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$447K |
| 4 |
Jane Street
New York
|
-$396K |
| 5 |
SRL
Scientech Research LLC
Jersey City,
New Jersey
|
-$353K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
| $348 | +$348 | +44 | New |
|
|
SRCM
27
Signature Resources Capital Management
Newport Beach,
California
| $308 | – | – | – |
|
28
Wells Fargo
San Francisco,
California
| $6 | – | – | – |
|
|
QC
29
Quadrature Capital
London,
United Kingdom
| – | -$447K | -42,042 | Closed |
|
|
SRL
30
Scientech Research LLC
Jersey City,
New Jersey
| – | -$353K | -33,228 | Closed |
|
31
Walleye Capital
New York
| – | -$343K | -32,300 | Closed |
|
FAZ Hedge Fund Activity: Q3 2024 in Review
28 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2024, worth a combined $11.1M — down 35% from $17M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FAZ positions and 3 closed out — a net gain of 5 holders — while 6 added to existing stakes and 9 trimmed.
The largest buyer was Prosperity Wealth Management, opening a new position worth an estimated $688K. The largest seller was HRT Financial, cutting an estimated $1.2M.
- 28 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2024, up from 23 in Q2 2024.
- Funds reported $11.1M of Direxion Daily Financial Bear 3x ETF stock for Q3 2024, down 35% quarter-over-quarter.
- 8 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2024 and 3 closed out, a net change of +5 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2024 was Prosperity Wealth Management, an estimated $688K added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2024 was HRT Financial, an estimated $1.2M sold.
Based on aggregated 13F filings for Q3 2024.