Direxion Daily Small Cap Bear 3x ETF
TZA
38 hedge funds and large institutions have $73.9M invested in Direxion Daily Small Cap Bear 3x ETF in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 6 closing their positions.
160% more call options, than puts
Call options by funds: $94.4M | Put options by funds: $36.3M
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
23% more funds holding
Funds holding: 31 → 38 (+7)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
0% less ownership
Funds ownership: 0.01% → 0.01% (-0%)
11% less capital invested
Capital invested by funds: $83.5M → $73.9M (-$9.6M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Empire Capital Management
Westport,
Connecticut
|
+$13.3M |
| 2 |
Two Sigma Investments
New York
|
+$8.98M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.58M |
| 4 |
PSC
Piper Sandler & Co
Minneapolis,
Minnesota
|
+$2.12M |
| 5 |
Millennium Management
New York
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$17.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.9M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$2.21M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.04M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.99M |
TZA Hedge Fund Activity: Q2 2014 in Review
38 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q2 2014, worth a combined $73.9M — down 11% from $83.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TZA positions and 6 closed out — a net gain of 8 holders — while 12 added to existing stakes and 11 trimmed.
The largest buyer was Empire Capital Management, opening a new position worth an estimated $13.3M. The largest seller was Virtu Financial, exiting entirely with an estimated $17.5M sold.
- 38 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q2 2014, up from 31 in Q1 2014.
- Funds reported $73.9M of Direxion Daily Small Cap Bear 3x ETF stock for Q2 2014, down 11% quarter-over-quarter.
- 14 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q2 2014 and 6 closed out, a net change of +8 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q2 2014 was Empire Capital Management, an estimated $13.3M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q2 2014 was Virtu Financial, an estimated $17.5M sold.
Based on aggregated 13F filings for Q2 2014.