Direxion Daily Small Cap Bull 3x ETF
42 hedge funds and large institutions have $115M invested in Direxion Daily Small Cap Bull 3x ETF in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 9 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 14
7% more call options, than puts
Call options by funds: $196M | Put options by funds: $184M
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
2% less funds holding
Funds holding: 43 → 42 (-1)
4.04% less ownership
Funds ownership: 31.65% → 27.61% (-4%)
26% less capital invested
Capital invested by funds: $155M → $115M (-$40.3M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$14.4M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$6.02M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.5M |
| 4 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$1.23M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$806K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$17.1M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$11.1M |
| 3 |
Morgan Stanley
New York
|
-$6.95M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.84M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.42M |
TNA Hedge Fund Activity: Q1 2016 in Review
42 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q1 2016, worth a combined $115M — down 26% from $155M a quarter earlier.
Fund positioning in TNA was balanced in Q1 2016: 9 funds opened new positions, 9 closed out, 16 added to existing stakes and 14 trimmed.
The largest buyer was Timber Hill, adding an estimated $14.4M. The largest seller was Virtu Financial, exiting entirely with an estimated $17.1M sold.
- 42 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q1 2016, down from 43 in Q4 2015.
- Funds reported $115M of Direxion Daily Small Cap Bull 3x ETF stock for Q1 2016, down 26% quarter-over-quarter.
- 9 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q1 2016 and 9 closed out, a net change of 0 holders.
- The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q1 2016 was Timber Hill, an estimated $14.4M added.
- The largest Direxion Daily Small Cap Bull 3x ETF seller in Q1 2016 was Virtu Financial, an estimated $17.1M sold.
Based on aggregated 13F filings for Q1 2016.