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Direxion Daily Small Cap Bear 3x ETF
TZA

32 hedge funds and large institutions have $61.4M invested in Direxion Daily Small Cap Bear 3x ETF in 2021 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 4 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

319% more call options, than puts

Call options by funds: $77.1M | Put options by funds: $18.4M

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

8% more capital invested

Capital invested by funds: $57M → $61.4M (+$4.39M)

3% more funds holding

Funds holding: 31 → 32 (+1)

0.62% more ownership

Funds ownership: 1.16% → 1.78% (+0.62%)

69% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 13

Holders
32
Holders Change
+1
Holders Change %
+3.23%
% of All Funds
0.49%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
4
Reduced
13
Closed
8
Calls
$77.1M
Puts
$18.4M
Net Calls
+$58.7M
Net Calls Change
-$25.3M

Top Buyers

Rank Fund Capital Flow
1
BRF
B. Riley Financial
California
+$35.3M
2
AGM
Alpine Global Management
New York
+$2.72M
3
Group One Trading
Group One Trading
Illinois
+$1.39M
4
Bank of America
Bank of America
North Carolina
+$399K
5
Simplex Trading
Simplex Trading
Illinois
+$391K

Top Sellers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
-$8.09M
2
HF
HRT Financial
New York
-$4.61M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.69M
4
TRCT
Tower Research Capital (TRC)
New York
-$2.56M
5
FTUS
Flow Traders U.S.
New York
-$1.98M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$54K – – –
JP Morgan Chase
27
JP Morgan Chase
New York
$38K -$359K -1,318 -90%
OIA
28
Optimum Investment Advisors
Illinois
$27K – – –
CSB
29
City State Bank
Iowa
$5K +$5.45K +20 New
MIM
30
Macroview Investment Management
Maryland
$1K – – –
CA
31
CoreCap Advisors
Michigan
$1K +$817 +3 New
DHGWA
32
Dixon Hughes Goodman Wealth Advisors
North Carolina
$1K +$1.36K +5 New
IMC Chicago
33
IMC Chicago
Illinois
– -$8.09M -26,208 Closed
Squarepoint
34
Squarepoint
New York
– -$1.41M -4,578 Closed
1CM
35
1492 Capital Management
Wisconsin
– -$980K -3,176 Closed
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
– -$886K -2,872 Closed
BRWA
37
B. Riley Wealth Advisors
Florida
– -$380K -1,230 Closed
FDCDDQ
38
Federation des caisses Desjardins du Quebec
Quebec, Canada
– -$100K -325 Closed
KIG
39
Kowal Investment Group
Wisconsin
– -$6K -20 Closed
S
40
SignatureFD
Georgia
– -$6K -19 Closed
1
2

TZA Hedge Fund Activity: Q4 2021 in Review

32 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2021, worth a combined $61.4M — up 7.7% from $57M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TZA positions and 8 closed out — a net gain of 1 holder — while 4 added to existing stakes and 13 trimmed.

The largest buyer was B. Riley Financial, opening a new position worth an estimated $35.3M. The largest seller was IMC Chicago, exiting entirely with an estimated $8.09M sold.

  • 32 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2021, up from 31 in Q3 2021.
  • Funds reported $61.4M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2021, up 7.7% quarter-over-quarter.
  • 9 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2021 and 8 closed out, a net change of +1 holder.
  • The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2021 was B. Riley Financial, an estimated $35.3M added.
  • The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2021 was IMC Chicago, an estimated $8.09M sold.

Based on aggregated 13F filings for Q4 2021.