Direxion Daily Financial Bear 3x ETF
FAZ
18 hedge funds and large institutions have $34.1M invested in Direxion Daily Financial Bear 3x ETF in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 2 reducing their positions, and 3 closing their positions.
350% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 2
127% more call options, than puts
Call options by funds: $16.7M | Put options by funds: $7.37M
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
6% more funds holding
Funds holding: 17 → 18 (+1)
3.05% less ownership
Funds ownership: 25.73% → 22.69% (-3%)
5% less capital invested
Capital invested by funds: $36M → $34.1M (-$1.91M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.38M |
| 2 |
VF
Virtu Financial
New York
|
+$1.36M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.07M |
| 4 |
Morgan Stanley
New York
|
+$516K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$485K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$2.22M |
| 2 |
Jane Street
New York
|
-$221K |
| 3 |
TSS
Two Sigma Securities
New York
|
-$167K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$147K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$34.9K |
FAZ Hedge Fund Activity: Q3 2018 in Review
18 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2018, worth a combined $34.1M — down 5.3% from $36M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FAZ positions and 3 closed out — a net gain of 1 holder — while 9 added to existing stakes and 2 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $1.38M. The largest seller was SG Americas Securities, cutting an estimated $2.22M.
- 18 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2018, up from 17 in Q2 2018.
- Funds reported $34.1M of Direxion Daily Financial Bear 3x ETF stock for Q3 2018, down 5.3% quarter-over-quarter.
- 4 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2018 and 3 closed out, a net change of +1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2018 was Susquehanna International Group, an estimated $1.38M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2018 was SG Americas Securities, an estimated $2.22M sold.
Based on aggregated 13F filings for Q3 2018.