Direxion Daily Small Cap Bear 3x ETF
TZA
41 hedge funds and large institutions have $54.8M invested in Direxion Daily Small Cap Bear 3x ETF in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 14 closing their positions.
248% more call options, than puts
Call options by funds: $58.9M | Put options by funds: $16.9M
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
0.01% less ownership
Funds ownership: 1.43% → 1.42% (-0.01%)
2% less capital invested
Capital invested by funds: $55.6M → $54.8M (-$850K)
13% less funds holding
Funds holding: 47 → 41 (-6)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$10.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$7.84M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.96M |
| 4 |
Goldman Sachs
New York
|
+$1.3M |
| 5 |
PWM
Prosperity Wealth Management
San Ramon,
California
|
+$743K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$6M |
| 2 |
Squarepoint
New York
|
-$4.53M |
| 3 |
IMC Chicago
Chicago,
Illinois
|
-$3.79M |
| 4 |
DWM
Drive Wealth Management
Lehi,
Utah
|
-$3.5M |
| 5 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$2.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
51
Cutler Group
San Francisco,
California
| – | -$313K | -1,190 | Closed |
|
52
Walleye Capital
New York
| – | -$240K | -914 | Closed |
|
|
CF
53
Cantor Fitzgerald
New York
| – | -$237K | -900 | Closed |
|
54
Simplex Trading
Chicago,
Illinois
| – | -$135K | -514 | Closed |
|
|
BCV
55
Banque Cantonale Vaudoise
Lausanne,
Switzerland
| – | -$37K | -140 | Closed |
|
|
AWM
56
Atticus Wealth Management
Palm Beach Gardens,
Florida
| – | -$26.3K | -100 | Closed |
|
|
FGAM
57
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$105 | -3 | Closed |
|
TZA Hedge Fund Activity: Q3 2023 in Review
41 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q3 2023, worth a combined $54.8M — down 1.5% from $55.6M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TZA and 9 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 11 added.
The largest buyer was Jane Street, adding an estimated $10.2M. The largest seller was Virtu Financial, cutting an estimated $6M.
- 41 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q3 2023, down from 47 in Q2 2023.
- Funds reported $54.8M of Direxion Daily Small Cap Bear 3x ETF stock for Q3 2023, down 1.5% quarter-over-quarter.
- 9 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q3 2023 and 14 closed out, a net change of -5 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q3 2023 was Jane Street, an estimated $10.2M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q3 2023 was Virtu Financial, an estimated $6M sold.
Based on aggregated 13F filings for Q3 2023.