Direxion Daily Small Cap Bull 3x ETF
46 hedge funds and large institutions have $102M invested in Direxion Daily Small Cap Bull 3x ETF in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 8 closing their positions.
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
12% more funds holding
Funds holding: 41 → 46 (+5)
10.44% less ownership
Funds ownership: 24.06% → 13.62% (-10%)
25% less capital invested
Capital invested by funds: $136M → $102M (-$33.9M)
53% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 17
57% less call options, than puts
Call options by funds: $274M | Put options by funds: $631M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$16.8M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$9.16M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.01M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$3.36M |
| 5 |
Citigroup
New York
|
+$2.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$40.7M |
| 2 |
Morgan Stanley
New York
|
-$9.92M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
-$7.51M |
| 4 |
Jane Street
New York
|
-$5.13M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.94M |
TNA Hedge Fund Activity: Q4 2017 in Review
46 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q4 2017, worth a combined $102M — down 25% from $136M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TNA positions and 8 closed out — a net gain of 5 holders — while 8 added to existing stakes and 17 trimmed.
The largest buyer was Jefferies Group, opening a new position worth an estimated $16.8M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $40.7M sold.
- 46 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q4 2017, up from 41 in Q3 2017.
- Funds reported $102M of Direxion Daily Small Cap Bull 3x ETF stock for Q4 2017, down 25% quarter-over-quarter.
- 13 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q4 2017 and 8 closed out, a net change of +5 holders.
- The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q4 2017 was Jefferies Group, an estimated $16.8M added.
- The largest Direxion Daily Small Cap Bull 3x ETF seller in Q4 2017 was Susquehanna International Group, an estimated $40.7M sold.
Based on aggregated 13F filings for Q4 2017.