Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
45 hedge funds and large institutions have $129M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 8 increasing their positions, 17 reducing their positions, and 4 closing their positions.
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
29% more funds holding
Funds holding: 35 → 45 (+10)
27% more capital invested
Capital invested by funds: $102M → $129M (+$27.6M)
9% more call options, than puts
Call options by funds: $275M | Put options by funds: $252M
1.11% less ownership
Funds ownership: 1.51% → 0.4% (-1.1%)
53% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 17
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$101M |
| 2 |
Citigroup
New York
|
+$29.1M |
| 3 |
O
OppenheimerFunds
New York
|
+$10.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$6.31M |
| 5 |
Goldman Sachs
New York
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$24.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$16.2M |
| 3 |
VF
Virtu Financial
New York
|
-$13M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$7.12M |
| 5 |
CG
Cutler Group
San Francisco,
California
|
-$4.91M |
NUGT Hedge Fund Activity: Q3 2016 in Review
45 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q3 2016, worth a combined $129M — up 27% from $102M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NUGT positions and 4 closed out — a net gain of 10 holders — while 8 added to existing stakes and 17 trimmed.
The largest buyer was Credit Suisse, opening a new position worth an estimated $101M. The largest seller was Jane Street, cutting an estimated $24.2M.
- 45 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q3 2016, up from 35 in Q2 2016.
- Funds reported $129M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q3 2016, up 27% quarter-over-quarter.
- 14 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q3 2016 and 4 closed out, a net change of +10 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q3 2016 was Credit Suisse, an estimated $101M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q3 2016 was Jane Street, an estimated $24.2M sold.
Based on aggregated 13F filings for Q3 2016.