Direxion Daily Small Cap Bear 3x ETF
TZA
30 hedge funds and large institutions have $35.8M invested in Direxion Daily Small Cap Bear 3x ETF in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 5 closing their positions.
243% more call options, than puts
Call options by funds: $61.1M | Put options by funds: $17.8M
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
24% more capital invested
Capital invested by funds: $28.8M → $35.8M (+$7.02M)
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
11% more funds holding
Funds holding: 27 → 30 (+3)
0.01% more ownership
Funds ownership: 0.01% → 0.02% (+0.01%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$6.81M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.18M |
| 3 |
Jane Street
New York
|
+$1.43M |
| 4 |
DS
DRW Securities
Chicago,
Illinois
|
+$1.17M |
| 5 |
1CM
1492 Capital Management
Milwaukee,
Wisconsin
|
+$584K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$1.76M |
| 2 |
RA
Raffles Associates
New York
|
-$981K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$793K |
| 4 |
Two Sigma Advisers
New York
|
-$303K |
| 5 |
Morgan Stanley
New York
|
-$229K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FANJ
26
Financial Architects (New Jersey)
Marlton,
New Jersey
| $5K | +$5.22K | +1 | New |
|
|
WA
27
Winfield Associates
Cleveland,
Ohio
| $4K | – | – | – |
|
|
CLOS
28
Compagnie Lombard Odier SCmA
1204 Geneva,
Switzerland
| $4K | +$5.22K | +1 | New |
|
|
SWM
29
SeaCrest Wealth Management
Purchase,
New York
| $4K | +$5.22K | +1 | New |
|
30
Walleye Trading
New York
| $15 | -$73K | -14 | -82% |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$793K | -152 | Closed |
|
|
32
Morgan Stanley
New York
| – | -$229K | -42 | Closed |
|
33
Simplex Trading
Chicago,
Illinois
| – | -$65K | -12 | Closed |
|
|
CG
34
Cutler Group
San Francisco,
California
| – | -$36.5K | -7 | Closed |
|
35
SEI Investments
Oaks,
Pennsylvania
| – | -$14K | -3 | Closed |
|
|
MWM
36
Mascoma Wealth Management
Hanover,
New Hampshire
| – | -$1K | – | – |
|
TZA Hedge Fund Activity: Q4 2017 in Review
30 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2017, worth a combined $35.8M — up 24% from $28.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new TZA positions and 5 closed out — a net gain of 3 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Virtu Financial, adding an estimated $6.81M. The largest seller was Two Sigma Investments, cutting an estimated $1.76M.
- 30 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2017, up from 27 in Q3 2017.
- Funds reported $35.8M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2017, up 24% quarter-over-quarter.
- 8 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2017 and 5 closed out, a net change of +3 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2017 was Virtu Financial, an estimated $6.81M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2017 was Two Sigma Investments, an estimated $1.76M sold.
Based on aggregated 13F filings for Q4 2017.