Direxion Daily Technology Bull 3x ETF
TECL
21 hedge funds and large institutions have $8.55M invested in Direxion Daily Technology Bull 3x ETF in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 7 closing their positions.
28% more call options, than puts
Call options by funds: $114M | Put options by funds: $88.7M
13% less funds holding
Funds holding: 24 → 21 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
46.01% less ownership
Funds ownership: 91.26% → 45.25% (-46%)
48% less capital invested
Capital invested by funds: $16.4M → $8.55M (-$7.87M)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$375K |
| 2 |
Morgan Stanley
New York
|
+$295K |
| 3 |
EWA
Exencial Wealth Advisors
Oklahoma City,
Oklahoma
|
+$200K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$170K |
| 5 |
Barclays
London,
United Kingdom
|
+$101K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.12M |
| 2 |
VF
Virtu Financial
New York
|
-$3.07M |
| 3 |
BHA
Beech Hill Advisors
New York
|
-$909K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$656K |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$503K |
TECL Hedge Fund Activity: Q1 2016 in Review
21 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bull 3x ETF (TECL) for Q1 2016, worth a combined $8.55M — down 48% from $16.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TECL and 4 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 3 added.
The largest buyer was Avalon Capital Management, opening a new position worth an estimated $375K. The largest seller was Susquehanna International Group, cutting an estimated $3.12M.
- 21 institutional investors held Direxion Daily Technology Bull 3x ETF (TECL) as of Q1 2016, down from 24 in Q4 2015.
- Funds reported $8.55M of Direxion Daily Technology Bull 3x ETF stock for Q1 2016, down 48% quarter-over-quarter.
- 4 funds opened new Direxion Daily Technology Bull 3x ETF positions in Q1 2016 and 7 closed out, a net change of -3 holders.
- The largest Direxion Daily Technology Bull 3x ETF buyer in Q1 2016 was Avalon Capital Management, an estimated $375K added.
- The largest Direxion Daily Technology Bull 3x ETF seller in Q1 2016 was Susquehanna International Group, an estimated $3.12M sold.
Based on aggregated 13F filings for Q1 2016.