Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
40 hedge funds and large institutions have $43.4M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 20 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
71% more call options, than puts
Call options by funds: $43.2M | Put options by funds: $25.3M
65% more capital invested
Capital invested by funds: $26.2M → $43.4M (+$17.1M)
2.37% more ownership
Funds ownership: 5.38% → 7.75% (+2.4%)
22% less funds holding
Funds holding: 51 → 40 (-11)
45% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7.6M |
| 2 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$5.08M |
| 3 |
Jane Street
New York
|
+$2.28M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$1.78M |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$982K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$3.2M |
| 2 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
-$1.55M |
| 3 |
DWM
Drive Wealth Management
Lehi,
Utah
|
-$1.04M |
| 4 |
TSS
Two Sigma Securities
New York
|
-$979K |
| 5 |
IMC Chicago
Chicago,
Illinois
|
-$718K |
NUGT Hedge Fund Activity: Q1 2023 in Review
40 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q1 2023, worth a combined $43.4M — up 65% from $26.2M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of NUGT and 11 opened new positions — a net loss of 9 holders — while 6 trimmed existing stakes and 14 added.
The largest buyer was Susquehanna International Group, adding an estimated $7.6M. The largest seller was Citadel Advisors, cutting an estimated $3.2M.
- 40 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q1 2023, down from 51 in Q4 2022.
- Funds reported $43.4M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q1 2023, up 65% quarter-over-quarter.
- 11 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q1 2023 and 20 closed out, a net change of -9 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q1 2023 was Susquehanna International Group, an estimated $7.6M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q1 2023 was Citadel Advisors, an estimated $3.2M sold.
Based on aggregated 13F filings for Q1 2023.