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Direxion Daily Gold Miners Index Bear 2X ETF
DUST

12 hedge funds and large institutions have $23.5M invested in Direxion Daily Gold Miners Index Bear 2X ETF in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

200% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 1

71% more funds holding

Funds holding: 7 → 12 (+5)

31% more call options, than puts

Call options by funds: $8.43M | Put options by funds: $6.45M

0% less ownership

Funds ownership: 0% → 0% (-0%)

53% less capital invested

Capital invested by funds: $50.1M → $23.5M (-$26.6M)

Holders
12
Holders Change
+5
Holders Change %
+71.43%
% of All Funds
0.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
3
Reduced
1
Closed
2
Calls
$8.43M
Puts
$6.45M
Net Calls
+$1.98M
Net Calls Change
-$6.19M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$14.8M
2
MCM
Masters Capital Management
Georgia
+$8.43M
3
VKH
Virtu KCG Holdings
New York
+$5.27M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$3.16M
5
Citadel Advisors
Citadel Advisors
Florida
+$2.11M

Top Sellers

1
CS
Credit Suisse
Switzerland
-$3.21M
2
VF
Virtu Financial
New York
-$2.41M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.05M
4
Citigroup
Citigroup
New York
-$422K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$330K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$7.91M +$14.8M +14 +233%
BNP Paribas Financial Markets
2
BNP Paribas Financial Markets
France
$4.39M +$3.16M +3 +38%
MCM
3
Masters Capital Management
Georgia
$3.23M +$8.43M +8 New
Jane Street
4
Jane Street
New York
$2.3M +$2.11M +2 +50%
VKH
5
Virtu KCG Holdings
New York
$1.93M +$5.27M +5 New
Citadel Advisors
6
Citadel Advisors
Florida
$834K +$2.11M +2 New
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$599K -$1.05M -1 -50%
Goldman Sachs
8
Goldman Sachs
New York
$385K +$1.05M +1 New
SG Americas Securities
9
SG Americas Securities
New York
$323K – – –
QC
10
QCM Cayman
Texas
$270K +$1.05M +1 New
FTUS
11
Flow Traders U.S.
New York
$231K +$1.05M +1 New
TSS
12
Two Sigma Securities
New York
$218K +$1.05M +1 New
Barclays
13
Barclays
United Kingdom
$184K – – –
GPC
14
Glacier Peak Capital
Washington
$147K – – –
Walleye Trading
15
Walleye Trading
New York
$105K – – –
CCS
16
Crosspoint Capital Strategies
California
$74K – – –
TH
17
Timber Hill
Connecticut
$63K – – –
CT
18
CMT Trading
Illinois
$59K – – –
Millennium Management
19
Millennium Management
New York
$58K – – –
Parallax Volatility Advisers
20
Parallax Volatility Advisers
California
$48K – – –
WS
21
Wedbush Securities
California
$32K – – –
UBS Group
22
UBS Group
Switzerland
$31K – – –
Simplex Trading
23
Simplex Trading
Illinois
$25K – – –
CG
24
Cutler Group
California
$15K – – –
DADC
25
D.A. Davidson & Co
Montana
$12K – – –
1
2

DUST Hedge Fund Activity: Q1 2016 in Review

12 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bear 2X ETF (DUST) for Q1 2016, worth a combined $23.5M — down 53% from $50.1M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new DUST positions and 2 closed out — a net gain of 5 holders — while 3 added to existing stakes and 1 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $14.8M. The largest seller was Credit Suisse, exiting entirely with an estimated $3.21M sold.

  • 12 institutional investors held Direxion Daily Gold Miners Index Bear 2X ETF (DUST) as of Q1 2016, up from 7 in Q4 2015.
  • Funds reported $23.5M of Direxion Daily Gold Miners Index Bear 2X ETF stock for Q1 2016, down 53% quarter-over-quarter.
  • 7 funds opened new Direxion Daily Gold Miners Index Bear 2X ETF positions in Q1 2016 and 2 closed out, a net change of +5 holders.
  • The largest Direxion Daily Gold Miners Index Bear 2X ETF buyer in Q1 2016 was Morgan Stanley, an estimated $14.8M added.
  • The largest Direxion Daily Gold Miners Index Bear 2X ETF seller in Q1 2016 was Credit Suisse, an estimated $3.21M sold.

Based on aggregated 13F filings for Q1 2016.