Direxion Daily Technology Bull 3x ETF
TECL
28 hedge funds and large institutions have $11.5M invested in Direxion Daily Technology Bull 3x ETF in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 13 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
28% more call options, than puts
Call options by funds: $35.8M | Put options by funds: $27.8M
15.17% less ownership
Funds ownership: 40.21% → 25.03% (-15%)
22% less funds holding
Funds holding: 36 → 28 (-8)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
64% less capital invested
Capital invested by funds: $31.9M → $11.5M (-$20.4M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.35M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$820K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$486K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$278K |
| 5 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.86M |
| 2 |
VF
Virtu Financial
New York
|
-$3.8M |
| 3 |
Creative Planning
Overland Park,
Kansas
|
-$1.75M |
| 4 |
Jane Street
New York
|
-$1.72M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.72M |
TECL Hedge Fund Activity: Q4 2018 in Review
28 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q4 2018, worth a combined $11.5M — down 64% from $31.9M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TECL and 6 opened new positions — a net loss of 7 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Citadel Advisors, adding an estimated $4.35M. The largest seller was Susquehanna International Group, cutting an estimated $3.86M.
- 28 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q4 2018, down from 36 in Q3 2018.
- Funds reported $11.5M of Direxion Daily Technology Bull 3x ETF stock for Q4 2018, down 64% quarter-over-quarter.
- 6 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q4 2018 and 13 closed out, a net change of -7 holders.
- The largest Direxion Daily Technology Bull 3x ETF buyer in Q4 2018 was Citadel Advisors, an estimated $4.35M added.
- The largest Direxion Daily Technology Bull 3x ETF seller in Q4 2018 was Susquehanna International Group, an estimated $3.86M sold.
Based on aggregated 13F filings for Q4 2018.