Direxion Daily Technology Bull 3x ETF
TECL
47 hedge funds and large institutions have $199M invested in Direxion Daily Technology Bull 3x ETF in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 3 increasing their positions, 24 reducing their positions, and 8 closing their positions.
252% more capital invested
Capital invested by funds: $56.4M → $199M (+$142M)
69.01% more ownership
Funds ownership: 36.54% → 105.55% (+69%)
38% more call options, than puts
Call options by funds: $261M | Put options by funds: $190M
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
4% more funds holding
Funds holding: 45 → 47 (+2)
88% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$144M |
| 2 |
SCA
Stuart Chaussee & Associates
Palos Verdes Estates,
California
|
+$3.29M |
| 3 |
Jane Street
New York
|
+$2.14M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$923K |
| 5 |
Lido Advisors
Los Angeles,
California
|
+$577K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$7.24M |
| 2 |
HF
HRT Financial
New York
|
-$6.54M |
| 3 |
VF
Virtu Financial
New York
|
-$5.11M |
| 4 |
Wolverine Trading
Chicago,
Illinois
|
-$3.02M |
| 5 |
Morgan Stanley
New York
|
-$2.65M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFGS
51
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$57.7K | -2,000 | Closed |
|
52
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$5K | -200 | Closed |
|
|
LWA
53
Lenox Wealth Advisors
New York
| – | -$5K | -200 | Closed |
|
|
IFAM
54
Institutional & Family Asset Management
Fort Collins,
Colorado
| – | -$2K | -80 | Closed |
|
TECL Hedge Fund Activity: Q3 2020 in Review
47 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q3 2020, worth a combined $199M — up 252% from $56.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new TECL positions and 8 closed out — a net gain of 2 holders — while 3 added to existing stakes and 24 trimmed.
The largest buyer was Citigroup, opening a new position worth an estimated $144M. The largest seller was Citadel Advisors, cutting an estimated $7.24M.
- 47 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q3 2020, up from 45 in Q2 2020.
- Funds reported $199M of Direxion Daily Technology Bull 3x ETF stock for Q3 2020, up 252% quarter-over-quarter.
- 10 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q3 2020 and 8 closed out, a net change of +2 holders.
- The largest Direxion Daily Technology Bull 3x ETF buyer in Q3 2020 was Citigroup, an estimated $144M added.
- The largest Direxion Daily Technology Bull 3x ETF seller in Q3 2020 was Citadel Advisors, an estimated $7.24M sold.
Based on aggregated 13F filings for Q3 2020.