Direxion Daily Small Cap Bear 3x ETF
TZA
20 hedge funds and large institutions have $41.6M invested in Direxion Daily Small Cap Bear 3x ETF in 2018 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 8 closing their positions.
167% more call options, than puts
Call options by funds: $31.4M | Put options by funds: $11.8M
47% more capital invested
Capital invested by funds: $28.3M → $41.6M (+$13.2M)
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
0.01% more ownership
Funds ownership: 0.02% → 0.03% (+0.01%)
20% less funds holding
Funds holding: 25 → 20 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$16M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$6.74M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$3.58M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.01M |
| 5 |
TSS
Two Sigma Securities
New York
|
+$544K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$2.99M |
| 2 |
Goldman Sachs
New York
|
-$1.22M |
| 3 |
Two Sigma Investments
New York
|
-$937K |
| 4 |
Barclays
London,
United Kingdom
|
-$852K |
| 5 |
Two Sigma Advisers
New York
|
-$738K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| – | -$203K | -43 | Closed |
|
|
TMC
27
Trellus Management Company
Delray Beach,
Florida
| – | -$154K | -33 | Closed |
|
|
PH
28
Pinnacle Holdings
Tulsa,
Oklahoma
| – | -$4.74K | -1 | Closed |
|
TZA Hedge Fund Activity: Q2 2018 in Review
20 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q2 2018, worth a combined $41.6M — up 47% from $28.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TZA and 3 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Susquehanna International Group, adding an estimated $16M. The largest seller was Virtu Financial, cutting an estimated $2.99M.
- 20 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q2 2018, down from 25 in Q1 2018.
- Funds reported $41.6M of Direxion Daily Small Cap Bear 3x ETF stock for Q2 2018, up 47% quarter-over-quarter.
- 3 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q2 2018 and 8 closed out, a net change of -5 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q2 2018 was Susquehanna International Group, an estimated $16M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q2 2018 was Virtu Financial, an estimated $2.99M sold.
Based on aggregated 13F filings for Q2 2018.