Direxion Daily Small Cap Bull 3x ETF
36 hedge funds and large institutions have $116M invested in Direxion Daily Small Cap Bull 3x ETF in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 13 reducing their positions, and 14 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
3.11% less ownership
Funds ownership: 32.55% → 29.44% (-3.1%)
8% less capital invested
Capital invested by funds: $126M → $116M (-$10.3M)
14% less funds holding
Funds holding: 42 → 36 (-6)
23% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 13
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
45% less call options, than puts
Call options by funds: $278M | Put options by funds: $501M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$16.4M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$6.79M |
| 3 |
VF
Virtu Financial
New York
|
+$5.47M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.9M |
| 5 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$4.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$31.7M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$7.98M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
-$7.48M |
| 4 |
Goldman Sachs
New York
|
-$6.18M |
| 5 |
PSW
Portfolio Strategies (Washington)
Tacoma,
Washington
|
-$4.27M |
TNA Hedge Fund Activity: Q1 2017 in Review
36 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q1 2017, worth a combined $116M — down 8.1% from $126M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TNA and 8 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 10 added.
The largest buyer was Tower Research Capital (TRC), opening a new position worth an estimated $16.4M. The largest seller was Susquehanna International Group, cutting an estimated $31.7M.
- 36 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q1 2017, down from 42 in Q4 2016.
- Funds reported $116M of Direxion Daily Small Cap Bull 3x ETF stock for Q1 2017, down 8.1% quarter-over-quarter.
- 8 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q1 2017 and 14 closed out, a net change of -6 holders.
- The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q1 2017 was Tower Research Capital (TRC), an estimated $16.4M added.
- The largest Direxion Daily Small Cap Bull 3x ETF seller in Q1 2017 was Susquehanna International Group, an estimated $31.7M sold.
Based on aggregated 13F filings for Q1 2017.