Direxion Daily Small Cap Bear 3x ETF
TZA
28 hedge funds and large institutions have $34.9M invested in Direxion Daily Small Cap Bear 3x ETF in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 4 closing their positions.
275% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 4
65% more funds holding
Funds holding: 17 → 28 (+11)
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
0.01% less ownership
Funds ownership: 0.03% → 0.02% (-0.01%)
30% less capital invested
Capital invested by funds: $49.6M → $34.9M (-$14.7M)
33% less call options, than puts
Call options by funds: $113M | Put options by funds: $168M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
+$1.24M |
| 2 |
Goldman Sachs
New York
|
+$1.22M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$1M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$763K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$747K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TH
Timber Hill
Greenwich,
Connecticut
|
-$15.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.68M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$524K |
| 4 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$434K |
| 5 |
Two Sigma Advisers
New York
|
-$397K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $12K | +$15.9K | +1 | New |
|
|
HR
27
Howe & Rusling
Rochester,
New York
| $11K | – | – | – |
|
|
WA
28
Winfield Associates
Cleveland,
Ohio
| $9K | – | – | – |
|
|
CLOS
29
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $5K | – | – | – |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | – | – | – |
|
|
31
Bank of America
Charlotte,
North Carolina
| $4K | -$1.68M | -106 | Closed |
|
|
RBC
32
Roble Belko & Company
Sewickley,
Pennsylvania
| $4K | – | – | – |
|
|
HNB
33
Huntington National Bank
Columbus,
Ohio
| $1K | – | – | – |
|
|
CHAM
34
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$434K | -25 | Closed |
|
|
FTUS
35
Flow Traders U.S.
New York
| – | -$16K | -1 | Closed |
|
|
HCM
36
Horrell Capital Management
Little Rock,
Arkansas
| – | -$9K | -1 | Closed |
|
TZA Hedge Fund Activity: Q2 2016 in Review
28 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q2 2016, worth a combined $34.9M — down 30% from $49.6M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new TZA positions and 4 closed out — a net gain of 11 holders — while 5 added to existing stakes and 4 trimmed.
The largest buyer was SG Americas Securities, opening a new position worth an estimated $1.24M. The largest seller was Timber Hill, cutting an estimated $15.2M.
- 28 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q2 2016, up from 17 in Q1 2016.
- Funds reported $34.9M of Direxion Daily Small Cap Bear 3x ETF stock for Q2 2016, down 30% quarter-over-quarter.
- 15 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q2 2016 and 4 closed out, a net change of +11 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q2 2016 was SG Americas Securities, an estimated $1.24M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q2 2016 was Timber Hill, an estimated $15.2M sold.
Based on aggregated 13F filings for Q2 2016.