Direxion Daily Small Cap Bear 3x ETF
TZA
27 hedge funds and large institutions have $28.8M invested in Direxion Daily Small Cap Bear 3x ETF in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 6 closing their positions.
97% more call options, than puts
Call options by funds: $67.6M | Put options by funds: $34.3M
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
0% less ownership
Funds ownership: 0.01% → 0.01% (-0%)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
4% less funds holding
Funds holding: 28 → 27 (-1)
27% less capital invested
Capital invested by funds: $39.2M → $28.8M (-$10.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
+$5.19M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.22M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.22M |
| 4 |
FCI
Financial Counselors Inc
Overland Park,
Kansas
|
+$1.13M |
| 5 |
TSS
Two Sigma Securities
New York
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$4.28M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.05M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.64M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
-$1.63M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
26
Winfield Associates
Cleveland,
Ohio
| $3K | – | – | – |
|
|
CLOS
27
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $2K | – | – | – |
|
|
MWM
28
Mascoma Wealth Management
Hanover,
New Hampshire
| $1K | – | – | – |
|
29
Walleye Trading
New York
| $91 | -$608K | -94 | -85% |
|
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1.64M | -250 | Closed |
|
|
DS
31
DRW Securities
Chicago,
Illinois
| – | -$1.63M | -250 | Closed |
|
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.02M | -158 | Closed |
|
|
CHAM
33
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$819K | -128 | Closed |
|
34
Citadel Advisors
Miami,
Florida
| – | -$666K | -103 | Closed |
|
|
HR
35
Howe & Rusling
Rochester,
New York
| – | -$5K | -1 | Closed |
|
|
FANJ
36
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$2K | – | – |
|
TZA Hedge Fund Activity: Q3 2017 in Review
27 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q3 2017, worth a combined $28.8M — down 27% from $39.2M a quarter earlier.
Fund positioning in TZA was balanced in Q3 2017: 6 funds opened new positions, 6 closed out, 10 added to existing stakes and 8 trimmed.
The largest buyer was Two Sigma Advisers, adding an estimated $5.19M. The largest seller was Virtu Financial, cutting an estimated $4.28M.
- 27 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q3 2017, down from 28 in Q2 2017.
- Funds reported $28.8M of Direxion Daily Small Cap Bear 3x ETF stock for Q3 2017, down 27% quarter-over-quarter.
- 6 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q3 2017 and 6 closed out, a net change of 0 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q3 2017 was Two Sigma Advisers, an estimated $5.19M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q3 2017 was Virtu Financial, an estimated $4.28M sold.
Based on aggregated 13F filings for Q3 2017.