Direxion Daily Small Cap Bull 3x ETF
81 hedge funds and large institutions have $190M invested in Direxion Daily Small Cap Bull 3x ETF in 2024 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 26 increasing their positions, 23 reducing their positions, and 26 closing their positions.
60% more call options, than puts
Call options by funds: $262M | Put options by funds: $163M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
13% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 23
8% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 26
1.54% less ownership
Funds ownership: 9% → 7.46% (-1.5%)
4% less funds holding
Funds holding: 84 → 81 (-3)
20% less capital invested
Capital invested by funds: $238M → $190M (-$47.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$31.7M |
| 2 |
TAA
TB Alternative Assets
Grand Cayman,
Cayman Islands
|
+$17.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$8.19M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$7.15M |
| 5 |
Morgan Stanley
New York
|
+$4.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Connective Capital Management
Palo Alto,
California
|
-$39.6M |
| 2 |
Jane Street
New York
|
-$30.3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$20.7M |
| 4 |
TCM
Thames Capital Management
Roseland,
New Jersey
|
-$17.7M |
| 5 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$10.1M |
TNA Hedge Fund Activity: Q1 2024 in Review
81 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bull 3x ETF (TNA) for Q1 2024, worth a combined $190M — down 20% from $238M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of TNA and 24 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 26 added.
The largest buyer was Citadel Advisors, adding an estimated $31.7M. The largest seller was Connective Capital Management, exiting entirely with an estimated $39.6M sold.
- 81 institutional investors held Direxion Daily Small Cap Bull 3x ETF (TNA) as of Q1 2024, down from 84 in Q4 2023.
- Funds reported $190M of Direxion Daily Small Cap Bull 3x ETF stock for Q1 2024, down 20% quarter-over-quarter.
- 24 funds opened new Direxion Daily Small Cap Bull 3x ETF positions in Q1 2024 and 26 closed out, a net change of -2 holders.
- The largest Direxion Daily Small Cap Bull 3x ETF buyer in Q1 2024 was Citadel Advisors, an estimated $31.7M added.
- The largest Direxion Daily Small Cap Bull 3x ETF seller in Q1 2024 was Connective Capital Management, an estimated $39.6M sold.
Based on aggregated 13F filings for Q1 2024.