Direxion Daily Small Cap Bear 3x ETF
TZA
25 hedge funds and large institutions have $41.6M invested in Direxion Daily Small Cap Bear 3x ETF in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 13 closing their positions.
84% more call options, than puts
Call options by funds: $68.9M | Put options by funds: $37.4M
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
0% less ownership
Funds ownership: 0.01% → 0% (-0%)
11% less funds holding
Funds holding: 28 → 25 (-3)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
67% less capital invested
Capital invested by funds: $126M → $41.6M (-$84M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$5.38M |
| 2 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$2.85M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$864K |
| 4 |
JT
Jump Trading
Chicago,
Illinois
|
+$672K |
| 5 |
AC
Altus Capital
Mayfield Heights,
Ohio
|
+$640K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$52.8M |
| 2 |
Goldman Sachs
New York
|
-$6.11M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$5.7M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$3.13M |
| 5 |
Zurich Cantonal Bank
Zurich,
Switzerland
|
-$1.36M |
TZA Hedge Fund Activity: Q4 2013 in Review
25 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2013, worth a combined $41.6M — down 67% from $126M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TZA and 10 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 7 added.
The largest buyer was Virtu Financial, adding an estimated $5.38M. The largest seller was Credit Suisse, cutting an estimated $52.8M.
- 25 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2013, down from 28 in Q3 2013.
- Funds reported $41.6M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2013, down 67% quarter-over-quarter.
- 10 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2013 and 13 closed out, a net change of -3 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2013 was Virtu Financial, an estimated $5.38M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2013 was Credit Suisse, an estimated $52.8M sold.
Based on aggregated 13F filings for Q4 2013.