Direxion Daily Financial Bear 3x ETF
23 hedge funds and large institutions have $17.6M invested in Direxion Daily Financial Bear 3x ETF in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 6 closing their positions.
33% more call options, than puts
Call options by funds: $40M | Put options by funds: $30.1M
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
7.79% more ownership
Funds ownership: 1.86% → 9.65% (+7.8%)
6% more capital invested
Capital invested by funds: $16.6M → $17.6M (+$998K)
5% more funds holding
Funds holding: 22 → 23 (+1)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.03M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.01M |
| 3 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$597K |
| 4 |
TSS
Two Sigma Securities
New York
|
+$357K |
| 5 |
Jane Street
New York
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TB
Terril Brothers
St. Louis,
Missouri
|
-$1.9M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$675K |
| 3 |
VF
Virtu Financial
New York
|
-$482K |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$385K |
| 5 |
XS
XR Securities
Chicago,
Illinois
|
-$319K |
FAZ Hedge Fund Activity: Q3 2019 in Review
23 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q3 2019, worth a combined $17.6M — up 6% from $16.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FAZ positions and 6 closed out — a net gain of 1 holder — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $4.03M. The largest seller was Terril Brothers, exiting entirely with an estimated $1.9M sold.
- 23 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q3 2019, up from 22 in Q2 2019.
- Funds reported $17.6M of Direxion Daily Financial Bear 3x ETF stock for Q3 2019, up 6% quarter-over-quarter.
- 7 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q3 2019 and 6 closed out, a net change of +1 holder.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q3 2019 was Citadel Advisors, an estimated $4.03M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q3 2019 was Terril Brothers, an estimated $1.9M sold.
Based on aggregated 13F filings for Q3 2019.