Direxion Daily Small Cap Bear 3x ETF
TZA
35 hedge funds and large institutions have $38.8M invested in Direxion Daily Small Cap Bear 3x ETF in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 10 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
13% more funds holding
Funds holding: 31 → 35 (+4)
9% more capital invested
Capital invested by funds: $35.6M → $38.8M (+$3.12M)
7.43% more ownership
Funds ownership: 0% → 7.43% (+7.4%)
11% less call options, than puts
Call options by funds: $77.8M | Put options by funds: $87.7M
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
|
+$7.48M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.07M |
| 3 |
Jane Street
New York
|
+$3.24M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.09M |
| 5 |
RA
Raffles Associates
New York
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$6.77M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$3.08M |
| 3 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$1.27M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$1.1M |
| 5 |
Two Sigma Advisers
New York
|
-$1.04M |
TZA Hedge Fund Activity: Q4 2016 in Review
35 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2016, worth a combined $38.8M — up 8.8% from $35.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TZA positions and 10 closed out — a net gain of 4 holders — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $7.48M. The largest seller was Two Sigma Investments, cutting an estimated $6.77M.
- 35 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2016, up from 31 in Q3 2016.
- Funds reported $38.8M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2016, up 8.8% quarter-over-quarter.
- 14 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2016 and 10 closed out, a net change of +4 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2016 was Virtu Financial, an estimated $7.48M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2016 was Two Sigma Investments, an estimated $6.77M sold.
Based on aggregated 13F filings for Q4 2016.