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Direxion Daily Gold Miners Index Bull 2X ETF
NUGT

41 hedge funds and large institutions have $14M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more call options, than puts

Call options by funds: $87.1M | Put options by funds: $54.6M

0.93% less ownership

Funds ownership: 1.18% → 0.25% (-0.93%)

11% less funds holding

Funds holding: 46 → 41 (-5)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

81% less capital invested

Capital invested by funds: $75.1M → $14M (-$61.1M)

Holders
41
Holders Change
-5
Holders Change %
-10.87%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
9
Reduced
11
Closed
14
Calls
$87.1M
Puts
$54.6M
Net Calls
+$32.5M
Net Calls Change
-$19.5M

Top Buyers

Rank Fund Capital Flow
1
EIM
Essex Investment Management
Massachusetts
+$1.24M
2
USGIU
U.S. Global Investors (USGI)
Texas
+$1.13M
3
JP Morgan Chase
JP Morgan Chase
New York
+$708K
4
Morgan Stanley
Morgan Stanley
New York
+$638K
5
TMC
Trellus Management Company
Florida
+$614K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$19.2M
2
Citadel Advisors
Citadel Advisors
Florida
-$11.3M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.22M
4
FTUS
Flow Traders U.S.
New York
-$2.13M
5
Renaissance Technologies
Renaissance Technologies
New York
-$1.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
OIA
26
Optimum Investment Advisors
Illinois
$9K – – –
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$8K -$17.4K -200 -61%
OIA
28
OneDigital Investment Advisors
Kansas
$8K – – –
Bank of America
29
Bank of America
North Carolina
$6K +$1.22K +14 +19%
CAPTRUST Financial Advisors
30
CAPTRUST Financial Advisors
North Carolina
$3K – – –
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$3K +$3.48K +40 New
SWM
32
SeaCrest Wealth Management
New York
$2K -$1.74K -20 -44%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$2K – – –
TCM
34
Tradewinds Capital Management
Washington
$2K – – –
MCM
35
Mainstay Capital Management
Michigan
$1K -$348 -4 -18%
ASN
36
Advisory Services Network
Georgia
$1K – – –
FDCDDQ
37
Federation des caisses Desjardins du Quebec
Quebec, Canada
$971 – – –
RE
38
RBC Europe
United Kingdom
$311 -$261 -3 -38%
Jane Street
39
Jane Street
New York
– -$19.2M -221,209 Closed
Susquehanna International Group
40
Susquehanna International Group
Pennsylvania
– -$4.22M -48,500 Closed
Renaissance Technologies
41
Renaissance Technologies
New York
– -$1.86M -15,260 Closed
RA
42
Raffles Associates
New York
– -$1.22M -10,000 Closed
SG Americas Securities
43
SG Americas Securities
New York
– -$1.22M -10,000 Closed
TSS
44
Two Sigma Securities
New York
– -$174K -2,004 Closed
PFM
45
Peak Financial Management
Massachusetts
– -$221K -1,814 Closed
Goldman Sachs
46
Goldman Sachs
New York
– -$219K -1,799 Closed
RA
47
Rational Advisors
New York
– -$122K -1,000 Closed
UBS Group
48
UBS Group
Switzerland
– -$62K -511 Closed
HS
49
Horan Securities
United States
– -$6K -50 Closed
SMFS
50
Squar Milner Financial Services
California
– -$3K -25 Closed
1
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NUGT Hedge Fund Activity: Q3 2018 in Review

41 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q3 2018, worth a combined $14M — down 81% from $75.1M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NUGT and 9 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 9 added.

The largest buyer was Essex Investment Management, adding an estimated $1.24M. The largest seller was Jane Street, exiting entirely with an estimated $19.2M sold.

  • 41 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q3 2018, down from 46 in Q2 2018.
  • Funds reported $14M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q3 2018, down 81% quarter-over-quarter.
  • 9 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q3 2018 and 14 closed out, a net change of -5 holders.
  • The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q3 2018 was Essex Investment Management, an estimated $1.24M added.
  • The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q3 2018 was Jane Street, an estimated $19.2M sold.

Based on aggregated 13F filings for Q3 2018.