Direxion Daily Small Cap Bear 3x ETF
TZA
34 hedge funds and large institutions have $38.4M invested in Direxion Daily Small Cap Bear 3x ETF in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 3 reducing their positions, and 13 closing their positions.
467% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 3
138% more call options, than puts
Call options by funds: $41.4M | Put options by funds: $17.4M
1.28% more ownership
Funds ownership: 14.24% → 15.51% (+1.3%)
17% less funds holding
Funds holding: 41 → 34 (-7)
30% less capital invested
Capital invested by funds: $54.8M → $38.4M (-$16.3M)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.74M |
| 2 |
VF
Virtu Financial
New York
|
+$6.83M |
| 3 |
GS
GTS Securities
Miami,
Florida
|
+$4.21M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$2.96M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$14.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$11.8M |
| 3 |
CI
CPR Investments
Rochester,
Michigan
|
-$962K |
| 4 |
PWM
Prosperity Wealth Management
San Ramon,
California
|
-$875K |
| 5 |
TSS
Two Sigma Securities
New York
|
-$495K |
TZA Hedge Fund Activity: Q4 2023 in Review
34 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Small Cap Bear 3x ETF (TZA) for Q4 2023, worth a combined $38.4M — down 30% from $54.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TZA and 7 opened new positions — a net loss of 6 holders — while 3 trimmed existing stakes and 17 added.
The largest buyer was Susquehanna International Group, adding an estimated $9.74M. The largest seller was Jane Street, cutting an estimated $14.4M.
- 34 institutional investors held Direxion Daily Small Cap Bear 3x ETF (TZA) as of Q4 2023, down from 41 in Q3 2023.
- Funds reported $38.4M of Direxion Daily Small Cap Bear 3x ETF stock for Q4 2023, down 30% quarter-over-quarter.
- 7 funds opened new Direxion Daily Small Cap Bear 3x ETF positions in Q4 2023 and 13 closed out, a net change of -6 holders.
- The largest Direxion Daily Small Cap Bear 3x ETF buyer in Q4 2023 was Susquehanna International Group, an estimated $9.74M added.
- The largest Direxion Daily Small Cap Bear 3x ETF seller in Q4 2023 was Jane Street, an estimated $14.4M sold.
Based on aggregated 13F filings for Q4 2023.