Direxion Daily Small Cap Bear 3x ETF
TZA
23 hedge funds and large institutions have $64.9M invested in Direxion Daily Small Cap Bear 3x ETF in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 13 closing their positions.
0% more ownership
Funds ownership: 0.01% → 0.01% (+0%)
25% less call options, than puts
Call options by funds: $41.5M | Put options by funds: $55.6M
28% less capital invested
Capital invested by funds: $90.2M → $64.9M (-$25.3M)
28% less funds holding
Funds holding: 32 → 23 (-9)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$15.9M |
| 2 |
Two Sigma Advisers
New York
|
+$4.49M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$1.56M |
| 4 |
Citigroup
New York
|
+$771K |
| 5 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$14M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$11.1M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$11M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$8.69M |
| 5 |
Jane Street
New York
|
-$6.47M |
TZA Hedge Fund Activity: Q3 2015 in Review
23 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q3 2015, worth a combined $64.9M — down 28% from $90.2M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TZA and 5 opened new positions — a net loss of 8 holders — while 12 trimmed existing stakes and 5 added.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $15.9M. The largest seller was Virtu Financial, cutting an estimated $14M.
- 23 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q3 2015, down from 32 in Q2 2015.
- Funds reported $64.9M of Direxion Daily Small Cap Bear 3x ETF stock for Q3 2015, down 28% quarter-over-quarter.
- 5 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q3 2015 and 13 closed out, a net change of -8 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q3 2015 was BNP Paribas Financial Markets, an estimated $15.9M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q3 2015 was Virtu Financial, an estimated $14M sold.
Based on aggregated 13F filings for Q3 2015.