Direxion Daily Technology Bear 3x ETF
TECS
20 hedge funds and large institutions have $18M invested in Direxion Daily Technology Bear 3x ETF in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 9 closing their positions.
155% more call options, than puts
Call options by funds: $2.67M | Put options by funds: $1.05M
0% more funds holding
Funds holding: 20 → 20 (0)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
0.1% less ownership
Funds ownership: 0.24% → 0.14% (-0.1%)
53% less capital invested
Capital invested by funds: $37.9M → $18M (-$20M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$6.77M |
| 2 |
VF
Virtu Financial
New York
|
+$2.28M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.65M |
| 4 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$1.63M |
| 5 |
GS
GTS Securities
New York
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$11.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$10.2M |
| 3 |
SWA
Stratos Wealth Advisors
Beachwood,
Ohio
|
-$799K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$793K |
| 5 |
Goldman Sachs
New York
|
-$655K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Goldman Sachs
New York
| – | -$655K | -405 | Closed |
|
|
TSS
27
Two Sigma Securities
New York
| – | -$365K | -226 | Closed |
|
28
Simplex Trading
Chicago,
Illinois
| – | -$347K | -215 | Closed |
|
|
HCM
29
Hollencrest Capital Management
Newport Beach,
California
| – | -$116K | -72 | Closed |
|
30
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$26.6K | -16 | Closed |
|
|
PA
31
Parallel Advisors
San Francisco,
California
| – | -$9.7K | -6 | Closed |
|
TECS Hedge Fund Activity: Q4 2023 in Review
20 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bear 3x ETF (TECS) for Q4 2023, worth a combined $18M — down 53% from $37.9M a quarter earlier.
Fund positioning in TECS was balanced in Q4 2023: 9 funds opened new positions, 9 closed out, 5 added to existing stakes and 5 trimmed.
The largest buyer was HRT Financial, adding an estimated $6.77M. The largest seller was Jane Street, exiting entirely with an estimated $11.8M sold.
- 20 institutional investors held Direxion Daily Technology Bear 3x ETF (TECS) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $18M of Direxion Daily Technology Bear 3x ETF stock for Q4 2023, down 53% quarter-over-quarter.
- 9 funds opened new Direxion Daily Technology Bear 3x ETF positions in Q4 2023 and 9 closed out, a net change of 0 holders.
- The largest Direxion Daily Technology Bear 3x ETF buyer in Q4 2023 was HRT Financial, an estimated $6.77M added.
- The largest Direxion Daily Technology Bear 3x ETF seller in Q4 2023 was Jane Street, an estimated $11.8M sold.
Based on aggregated 13F filings for Q4 2023.