Direxion Daily Technology Bull 3x ETF
TECL
48 hedge funds and large institutions have $41.2M invested in Direxion Daily Technology Bull 3x ETF in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 21 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
23% more call options, than puts
Call options by funds: $158M | Put options by funds: $128M
9% more funds holding
Funds holding: 44 → 48 (+4)
44.04% less ownership
Funds ownership: 46.27% → 2.23% (-44%)
57% less capital invested
Capital invested by funds: $95.9M → $41.2M (-$54.7M)
71% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
+$2.9M |
| 2 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
+$483K |
| 3 |
Group One Trading
Chicago,
Illinois
|
+$440K |
| 4 |
TPWA
TRUE Private Wealth Advisors
Salem,
Oregon
|
+$399K |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$15.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$15M |
| 3 |
VF
Virtu Financial
New York
|
-$8.24M |
| 4 |
HF
HRT Financial
New York
|
-$6.12M |
| 5 |
CG
Cutler Group
San Francisco,
California
|
-$4.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$629K | -15,480 | Closed |
|
52
Morgan Stanley
New York
| – | -$354K | -8,710 | Closed |
|
|
APW
53
Aurora Private Wealth
Rockaway,
New Jersey
| – | -$247K | -6,080 | Closed |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| – | -$180K | -4,420 | Closed |
|
|
WT
55
Washington Trust
Westerly,
Rhode Island
| – | -$28K | -690 | Closed |
|
|
MAM
56
McCarthy Asset Management
Redwood Shores,
California
| – | -$374 | -9 | -90% |
|
57
Wells Fargo
San Francisco,
California
| – | +$42 | +1 | New |
|
TECL Hedge Fund Activity: Q1 2021 in Review
48 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q1 2021, worth a combined $41.2M — down 57% from $95.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TECL positions and 9 closed out — a net gain of 4 holders — while 6 added to existing stakes and 21 trimmed.
The largest buyer was Traynor Capital Management, opening a new position worth an estimated $2.9M. The largest seller was Citadel Advisors, cutting an estimated $15.8M.
- 48 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q1 2021, up from 44 in Q4 2020.
- Funds reported $41.2M of Direxion Daily Technology Bull 3x ETF stock for Q1 2021, down 57% quarter-over-quarter.
- 13 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q1 2021 and 9 closed out, a net change of +4 holders.
- The largest Direxion Daily Technology Bull 3x ETF buyer in Q1 2021 was Traynor Capital Management, an estimated $2.9M added.
- The largest Direxion Daily Technology Bull 3x ETF seller in Q1 2021 was Citadel Advisors, an estimated $15.8M sold.
Based on aggregated 13F filings for Q1 2021.