Direxion Daily Technology Bear 3x ETF
TECS
18 hedge funds and large institutions have $30.9M invested in Direxion Daily Technology Bear 3x ETF in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 9 closing their positions.
384% more call options, than puts
Call options by funds: $1.41M | Put options by funds: $291K
72% more capital invested
Capital invested by funds: $18M → $30.9M (+$13M)
0.06% more ownership
Funds ownership: 0.14% → 0.2% (+0.06%)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
10% less funds holding
Funds holding: 20 → 18 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$13.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$6.07M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
+$1.15M |
| 4 |
Jane Street
New York
|
+$831K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$724K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$1.25M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$861K |
| 3 |
GS
GTS Securities
New York
|
-$695K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$693K |
| 5 |
NRI
NFP Retirement Inc
Aliso Viejo,
California
|
-$257K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HT
26
Headlands Technologies
Chicago,
Illinois
| – | -$17.9K | -18 | Closed |
|
|
CG
27
Cutler Group
San Francisco,
California
| – | -$12.8K | -15 | Closed |
|
|
IPW
28
Impact Partnership Wealth
Marietta,
Georgia
| – | -$2.71K | -3 | Closed |
|
29
Fidelity Investments
Boston,
Massachusetts
| – | -$10 | – | – |
|
TECS Hedge Fund Activity: Q1 2024 in Review
18 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Technology Bear 3x ETF (TECS) for Q1 2024, worth a combined $30.9M — up 72% from $18M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TECS and 7 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was HRT Financial, adding an estimated $13.6M. The largest seller was Axxcess Wealth Management, exiting entirely with an estimated $1.25M sold.
- 18 institutional investors held Direxion Daily Technology Bear 3x ETF (TECS) as of Q1 2024, down from 20 in Q4 2023.
- Funds reported $30.9M of Direxion Daily Technology Bear 3x ETF stock for Q1 2024, up 72% quarter-over-quarter.
- 7 funds opened new Direxion Daily Technology Bear 3x ETF positions in Q1 2024 and 9 closed out, a net change of -2 holders.
- The largest Direxion Daily Technology Bear 3x ETF buyer in Q1 2024 was HRT Financial, an estimated $13.6M added.
- The largest Direxion Daily Technology Bear 3x ETF seller in Q1 2024 was Axxcess Wealth Management, an estimated $1.25M sold.
Based on aggregated 13F filings for Q1 2024.