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Direxion Daily Gold Miners Index Bull 2X ETF
NUGT

34 hedge funds and large institutions have $33.5M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2024 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more call options, than puts

Call options by funds: $40.9M | Put options by funds: $40.5M

2.31% less ownership

Funds ownership: 8.57% → 6.26% (-2.3%)

15% less funds holding

Funds holding: 40 → 34 (-6)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

36% less capital invested

Capital invested by funds: $52.2M → $33.5M (-$18.7M)

36% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 11

Holders
34
Holders Change
-6
Holders Change %
-15%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
7
Reduced
11
Closed
14
Calls
$40.9M
Puts
$40.5M
Net Calls
+$406K
Net Calls Change
+$5M

Top Buyers

Rank Fund Capital Flow
1
HF
HRT Financial
New York
+$9.22M
2
AAP
Ardsley Advisory Partners
Connecticut
+$3.75M
3
FC
Fore Capital
New York
+$1.78M
4
IMC Chicago
IMC Chicago
Illinois
+$916K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$880K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$12.9M
2
PA
Pineridge Advisors
Missouri
-$5.41M
3
GS
GTS Securities
New York
-$4.37M
4
Simplex Trading
Simplex Trading
Illinois
-$3.41M
5
RAM
Revere Asset Management
Texas
-$2.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$12.2K +$12.4K +315 New
FHA
27
First Horizon Advisors
Tennessee
$10.1K – – –
NSIM
28
North Star Investment Management
Illinois
$7.59K – – –
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$5.56K -$39 -1 -0.7%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$5K -$7.89K -200 -62%
CWC
31
Carolinas Wealth Consulting
North Carolina
$4.39K +$39 +1 +0.9%
Bank of America
32
Bank of America
North Carolina
$3.01K – – –
FDCDDQ
33
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.32K -$118K -3,000 -99%
CIA
34
Cape Investment Advisory
Georgia
$75 – – –
CP
35
Castleview Partners
Texas
$75 – – –
Citadel Advisors
36
Citadel Advisors
Florida
– -$12.9M -327,943 Closed
PA
37
Pineridge Advisors
Missouri
– -$5.41M -157,495 Closed
RAM
38
Revere Asset Management
Texas
– -$2.47M -71,800 Closed
BRWA
39
B. Riley Wealth Advisors
Florida
– -$1.7M -63,856 Closed
JF
40
Jump Financial
Illinois
– -$1.93M -56,140 Closed
CFIM
41
Client First Investment Management
Wisconsin
– -$1.38M -40,084 Closed
QC
42
Quadrature Capital
United Kingdom
– -$856K -24,937 Closed
Wolverine Trading
43
Wolverine Trading
Illinois
– -$806K -23,474 Closed
FIA
44
Foundations Investment Advisors
Arizona
– -$440K -12,810 Closed
VF
45
Virtu Financial
New York
– -$384K -11,177 Closed
CWM
46
Centric Wealth Management
Illinois
– -$243K -6,540 Closed
JP Morgan Chase
47
JP Morgan Chase
New York
– -$86.8K -2,527 Closed
HCM
48
Hollencrest Capital Management
California
– -$30.9K -900 Closed
Qube Research & Technologies (QRT)
49
Qube Research & Technologies (QRT)
United Kingdom
– -$3.67K -107 Closed
1
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NUGT Hedge Fund Activity: Q2 2024 in Review

34 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q2 2024, worth a combined $33.5M — down 36% from $52.2M 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 7 added.

The largest buyer was HRT Financial, adding an estimated $9.22M. The largest seller was Citadel Advisors, exiting entirely with an estimated $12.9M sold.

  • 34 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q2 2024, down from 40 in Q1 2024.
  • Funds reported $33.5M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q2 2024, down 36% quarter-over-quarter.
  • 9 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q2 2024 and 14 closed out, a net change of -5 holders.
  • The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q2 2024 was HRT Financial, an estimated $9.22M added.
  • The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q2 2024 was Citadel Advisors, an estimated $12.9M sold.

Based on aggregated 13F filings for Q2 2024.