Direxion Daily Small Cap Bear 3x ETF
TZA
28 hedge funds and large institutions have $27.4M invested in Direxion Daily Small Cap Bear 3x ETF in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 13 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
10% more call options, than puts
Call options by funds: $64M | Put options by funds: $58.4M
0.01% less ownership
Funds ownership: 0.02% → 0.01% (-0.01%)
20% less funds holding
Funds holding: 35 → 28 (-7)
29% less capital invested
Capital invested by funds: $38.8M → $27.4M (-$11.4M)
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$3.94M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.14M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.88M |
| 4 |
HCM
Hengehold Capital Management
Cincinnati,
Ohio
|
+$1.3M |
| 5 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$6.03M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$3.34M |
| 3 |
Jane Street
New York
|
-$2.88M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$1.93M |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
-$1.52M |
TZA Hedge Fund Activity: Q1 2017 in Review
28 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q1 2017, worth a combined $27.4M — down 29% from $38.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TZA and 6 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Two Sigma Investments, adding an estimated $3.94M. The largest seller was Virtu Financial, exiting entirely with an estimated $6.03M sold.
- 28 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q1 2017, down from 35 in Q4 2016.
- Funds reported $27.4M of Direxion Daily Small Cap Bear 3x ETF stock for Q1 2017, down 29% quarter-over-quarter.
- 6 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q1 2017 and 13 closed out, a net change of -7 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q1 2017 was Two Sigma Investments, an estimated $3.94M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q1 2017 was Virtu Financial, an estimated $6.03M sold.
Based on aggregated 13F filings for Q1 2017.