Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
40 hedge funds and large institutions have $53.8M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2014 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 13 closing their positions.
61% more capital invested
Capital invested by funds: $33.5M → $53.8M (+$20.3M)
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
8% more funds holding
Funds holding: 37 → 40 (+3)
0.09% more ownership
Funds ownership: 0.13% → 0.21% (+0.09%)
41% less call options, than puts
Call options by funds: $68M | Put options by funds: $114M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$6.96M |
| 2 |
Jane Street
New York
|
+$5.06M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$4.67M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$4.01M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$3.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$6.02M |
| 2 |
VF
Virtu Financial
New York
|
-$4.27M |
| 3 |
Morgan Stanley
New York
|
-$2.15M |
| 4 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$785K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$779K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Wells Fargo
San Francisco,
California
| – | -$3K | -2 | Closed |
|
|
EWM
52
Elite Wealth Management
Kirkland,
Washington
| – | -$1K | -1 | Closed |
|
53
Invesco
Atlanta,
Georgia
| – | -$1K | -1 | Closed |
|
NUGT Hedge Fund Activity: Q1 2014 in Review
40 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q1 2014, worth a combined $53.8M — up 61% from $33.5M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NUGT positions and 13 closed out — a net gain of 3 holders — while 11 added to existing stakes and 7 trimmed.
The largest buyer was Commerzbank Aktiengesellschaft, adding an estimated $6.96M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $6.02M sold.
- 40 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q1 2014, up from 37 in Q4 2013.
- Funds reported $53.8M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q1 2014, up 61% quarter-over-quarter.
- 16 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q1 2014 and 13 closed out, a net change of +3 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q1 2014 was Commerzbank Aktiengesellschaft, an estimated $6.96M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q1 2014 was Virtu KCG Holdings, an estimated $6.02M sold.
Based on aggregated 13F filings for Q1 2014.