Direxion Daily Small Cap Bear 3x ETF
TZA
47 hedge funds and large institutions have $55.6M invested in Direxion Daily Small Cap Bear 3x ETF in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 7 closing their positions.
243% more call options, than puts
Call options by funds: $34.2M | Put options by funds: $9.95M
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
27% more funds holding
Funds holding: 37 → 47 (+10)
25% more capital invested
Capital invested by funds: $44.6M → $55.6M (+$11M)
0.35% more ownership
Funds ownership: 1.08% → 1.43% (+0.35%)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$8.08M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$5.16M |
| 3 |
Squarepoint
New York
|
+$4.33M |
| 4 |
DWM
Drive Wealth Management
Lehi,
Utah
|
+$3.15M |
| 5 |
Morgan Stanley
New York
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.98M |
| 2 |
Jane Street
New York
|
-$2.98M |
| 3 |
LJAC
L.J. Altfest & Co
New York
|
-$1.9M |
| 4 |
PWA
Primoris Wealth Advisors
North Palm Beach,
Florida
|
-$1.43M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$1.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MDSL
51
M.D. Sass LLC
New York
| – | -$1.09M | -3,500 | Closed |
|
|
TSS
52
Two Sigma Securities
New York
| – | -$1.07M | -3,436 | Closed |
|
|
HT
53
Headlands Technologies
Chicago,
Illinois
| – | -$53.3K | -171 | Closed |
|
|
KM
54
Kalos Management
Alpharetta,
Georgia
| – | -$3.8K | -12 | Closed |
|
55
William Blair & Company
Chicago,
Illinois
| – | -$3.11K | -10 | Closed |
|
TZA Hedge Fund Activity: Q2 2023 in Review
47 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q2 2023, worth a combined $55.6M — up 25% from $44.6M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new TZA positions and 7 closed out — a net gain of 11 holders — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Virtu Financial, adding an estimated $8.08M. The largest seller was Tower Research Capital (TRC), cutting an estimated $2.98M.
- 47 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q2 2023, up from 37 in Q1 2023.
- Funds reported $55.6M of Direxion Daily Small Cap Bear 3x ETF stock for Q2 2023, up 25% quarter-over-quarter.
- 18 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q2 2023 and 7 closed out, a net change of +11 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q2 2023 was Virtu Financial, an estimated $8.08M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q2 2023 was Tower Research Capital (TRC), an estimated $2.98M sold.
Based on aggregated 13F filings for Q2 2023.