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Direxion Daily Small Cap Bear 3x ETF
TZA

37 hedge funds and large institutions have $31.2M invested in Direxion Daily Small Cap Bear 3x ETF in 2024 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

196% more call options, than puts

Call options by funds: $37.8M | Put options by funds: $12.7M

8% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 13

1.17% less ownership

Funds ownership: 2.07% → 0.9% (-1.2%)

5% less funds holding

Funds holding: 39 → 37 (-2)

62% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 13

66% less capital invested

Capital invested by funds: $91.1M → $31.2M (-$60M)

Holders
37
Holders Change
-2
Holders Change %
-5.13%
% of All Funds
0.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
5
Reduced
13
Closed
13
Calls
$37.8M
Puts
$12.7M
Net Calls
+$25M
Net Calls Change
-$3.82M

Top Buyers

Rank Fund Capital Flow
1
HF
HRT Financial
New York
+$7.27M
2
VF
Virtu Financial
New York
+$2.43M
3
HW
Hamilton Wealth
California
+$1.6M
4
CL
Choreo LLC
Illinois
+$1.34M
5
GS
GTS Securities
New York
+$595K

Top Sellers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$26.2M
2
Jane Street
Jane Street
New York
-$14M
3
IMC Chicago
IMC Chicago
Illinois
-$13.6M
4
Citadel Advisors
Citadel Advisors
Florida
-$13.1M
5
JF
Jump Financial
Illinois
-$4.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$95.5K -$496K -2,618 -84%
FDCDDQ
27
Federation des caisses Desjardins du Quebec
Quebec, Canada
$59.4K -$186K -980 -75%
CSB
28
City State Bank
Iowa
$8.35K – – –
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$6.31K +$6.07K +32 New
MIM
30
Macroview Investment Management
Maryland
$3.71K – – –
IAIM
31
International Assets Investment Management
Florida
$3.53K +$3.6K +19 New
AWM
32
Avior Wealth Management
Nebraska
$2.42K +$2.46K +13 New
AF
33
Allworth Financial
California
$830 – – –
S
34
SignatureFD
Georgia
$278 – – –
GRP
35
Global Retirement Partners
California
$167 – – –
Wells Fargo
36
Wells Fargo
California
$128 – – –
CA
37
Continuum Advisory
Idaho
$93 – – –
NA
38
NewEdge Advisors
Louisiana
$37 – – –
JF
39
Jump Financial
Illinois
– -$4.92M -29,275 Closed
TSS
40
Two Sigma Securities
New York
– -$1.78M -10,586 Closed
Simplex Trading
41
Simplex Trading
Illinois
– -$535K -3,190 Closed
DS
42
DRW Securities
Illinois
– -$387K -2,307 Closed
HT
43
HAP Trading
New York
– -$338K -2,011 Closed
Vontobel Holding
44
Vontobel Holding
Switzerland
– -$279K -1,661 Closed
QT
45
Quantbot Technologies
New York
– -$225K -1,338 Closed
OIA
46
Optimum Investment Advisors
Illinois
– -$40.3K -240 Closed
Bank of America
47
Bank of America
North Carolina
– -$35.2K -210 Closed
Qube Research & Technologies (QRT)
48
Qube Research & Technologies (QRT)
United Kingdom
– -$7.34K -44 Closed
Barclays
49
Barclays
United Kingdom
– -$3.53K -21 Closed
Osaic Holdings
50
Osaic Holdings
Arizona
– -$2.65K -16 Closed
1
2
3

TZA Hedge Fund Activity: Q2 2024 in Review

37 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q2 2024, worth a combined $31.2M — down 66% from $91.1M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of TZA and 12 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 5 added.

The largest buyer was HRT Financial, opening a new position worth an estimated $7.27M. The largest seller was Susquehanna International Group, cutting an estimated $26.2M.

  • 37 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q2 2024, down from 39 in Q1 2024.
  • Funds reported $31.2M of Direxion Daily Small Cap Bear 3x ETF stock for Q2 2024, down 66% quarter-over-quarter.
  • 12 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q2 2024 and 13 closed out, a net change of -1 holder.
  • The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q2 2024 was HRT Financial, an estimated $7.27M added.
  • The largest Direxion Daily Small Cap Bear 3x ETF seller in Q2 2024 was Susquehanna International Group, an estimated $26.2M sold.

Based on aggregated 13F filings for Q2 2024.