Direxion Daily Financial Bear 3x ETF
FAZ
23 hedge funds and large institutions have $20.4M invested in Direxion Daily Financial Bear 3x ETF in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 5 closing their positions.
207% more call options, than puts
Call options by funds: $12.4M | Put options by funds: $4.03M
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
31% more capital invested
Capital invested by funds: $15.6M → $20.4M (+$4.81M)
5.67% more ownership
Funds ownership: 9.83% → 15.5% (+5.7%)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
4% less funds holding
Funds holding: 24 → 23 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$10.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$5.58M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.29M |
| 4 |
Jane Street
New York
|
+$1.16M |
| 5 |
VF
Virtu Financial
New York
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.98M |
| 2 |
Squarepoint
New York
|
-$964K |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
-$588K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$568K |
| 5 |
GS
GTS Securities
Miami,
Florida
|
-$418K |
FAZ Hedge Fund Activity: Q4 2023 in Review
23 of the 6,870 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Financial Bear 3x ETF (FAZ) for Q4 2023, worth a combined $20.4M — up 31% from $15.6M a quarter earlier.
Fund positioning in FAZ was balanced in Q4 2023: 5 funds opened new positions, 5 closed out, 9 added to existing stakes and 5 trimmed.
The largest buyer was HRT Financial, adding an estimated $10.8M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $3.98M sold.
- 23 institutional investors held Direxion Daily Financial Bear 3x ETF (FAZ) as of Q4 2023, down from 24 in Q3 2023.
- Funds reported $20.4M of Direxion Daily Financial Bear 3x ETF stock for Q4 2023, up 31% quarter-over-quarter.
- 5 funds opened new Direxion Daily Financial Bear 3x ETF positions in Q4 2023 and 5 closed out, a net change of 0 holders.
- The largest Direxion Daily Financial Bear 3x ETF buyer in Q4 2023 was HRT Financial, an estimated $10.8M added.
- The largest Direxion Daily Financial Bear 3x ETF seller in Q4 2023 was Susquehanna International Group, an estimated $3.98M sold.
Based on aggregated 13F filings for Q4 2023.