Direxion Daily Technology Bull 3x ETF
TECL
14 hedge funds and large institutions have $13.2M invested in Direxion Daily Technology Bull 3x ETF in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 7 closing their positions.
1% more call options, than puts
Call options by funds: $114M | Put options by funds: $113M
22% less funds holding
Funds holding: 18 → 14 (-4)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
58% less capital invested
Capital invested by funds: $31.3M → $13.2M (-$18M)
628.55% less ownership
Funds ownership: 1,142.04% → 513.49% (-629%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.09M |
| 2 |
VF
Virtu Financial
New York
|
+$647K |
| 3 |
Jane Street
New York
|
+$561K |
| 4 |
Morgan Stanley
New York
|
+$422K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.04M |
| 2 |
VCAM
Valentine Capital Asset Management
Danville,
California
|
-$7.9M |
| 3 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
-$2.17M |
| 4 |
GIM
Guild Investment Management
Los Angeles,
California
|
-$1M |
| 5 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$913K |
TECL Hedge Fund Activity: Q1 2014 in Review
14 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q1 2014, worth a combined $13.2M — down 58% from $31.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TECL and 3 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 3 added.
The largest buyer was Susquehanna International Group, adding an estimated $2.09M. The largest seller was Credit Suisse, cutting an estimated $9.04M.
- 14 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q1 2014, down from 18 in Q4 2013.
- Funds reported $13.2M of Direxion Daily Technology Bull 3x ETF stock for Q1 2014, down 58% quarter-over-quarter.
- 3 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q1 2014 and 7 closed out, a net change of -4 holders.
- The largest Direxion Daily Technology Bull 3x ETF buyer in Q1 2014 was Susquehanna International Group, an estimated $2.09M added.
- The largest Direxion Daily Technology Bull 3x ETF seller in Q1 2014 was Credit Suisse, an estimated $9.04M sold.
Based on aggregated 13F filings for Q1 2014.