Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
38 hedge funds and large institutions have $45.6M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 12 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
0.07% less ownership
Funds ownership: 0.25% → 0.18% (-0.07%)
14% less funds holding
Funds holding: 44 → 38 (-6)
48% less capital invested
Capital invested by funds: $87.9M → $45.6M (-$42.3M)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
53% less call options, than puts
Call options by funds: $51.5M | Put options by funds: $110M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$3.85M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$3.33M |
| 3 |
Jane Street
New York
|
+$1.91M |
| 4 |
MSU
Maple Securities USA
Jersey City,
New Jersey
|
+$1.53M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HJMC
Hellman Jordan Management Company
Quincy,
Massachusetts
|
-$4.62M |
| 2 |
CT
CMT Trading
Chicago,
Illinois
|
-$2.23M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.5M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$1.46M |
| 5 |
VF
Virtu Financial
New York
|
-$1.35M |
NUGT Hedge Fund Activity: Q3 2014 in Review
38 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q3 2014, worth a combined $45.6M — down 48% from $87.9M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NUGT and 6 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 13 added.
The largest buyer was Nomura Holdings, adding an estimated $3.85M. The largest seller was Hellman Jordan Management Company, exiting entirely with an estimated $4.62M sold.
- 38 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q3 2014, down from 44 in Q2 2014.
- Funds reported $45.6M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q3 2014, down 48% quarter-over-quarter.
- 6 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q3 2014 and 12 closed out, a net change of -6 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q3 2014 was Nomura Holdings, an estimated $3.85M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q3 2014 was Hellman Jordan Management Company, an estimated $4.62M sold.
Based on aggregated 13F filings for Q3 2014.