Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
40 hedge funds and large institutions have $93.8M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 14 closing their positions.
101% more capital invested
Capital invested by funds: $46.7M → $93.8M (+$47.2M)
74% more call options, than puts
Call options by funds: $262M | Put options by funds: $150M
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
14% more funds holding
Funds holding: 35 → 40 (+5)
0.76% more ownership
Funds ownership: 1.84% → 2.6% (+0.76%)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$17M |
| 2 |
SG Americas Securities
New York
|
+$8.88M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$7.55M |
| 4 |
Goldman Sachs
New York
|
+$3.05M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$23.4M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$11.9M |
| 3 |
Morgan Stanley
New York
|
-$5.83M |
| 4 |
Jane Street
New York
|
-$2.99M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
51
MSI Financial Services
Springfield,
Massachusetts
| – | +$178 | +1 | New |
|
52
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$355 | +2 | New |
|
NUGT Hedge Fund Activity: Q1 2016 in Review
40 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q1 2016, worth a combined $93.8M — up 101% from $46.7M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new NUGT positions and 14 closed out — a net gain of 5 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Bank of America, adding an estimated $17M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $23.4M.
- 40 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q1 2016, up from 35 in Q4 2015.
- Funds reported $93.8M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q1 2016, up 101% quarter-over-quarter.
- 19 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q1 2016 and 14 closed out, a net change of +5 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q1 2016 was Bank of America, an estimated $17M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q1 2016 was BNP Paribas Financial Markets, an estimated $23.4M sold.
Based on aggregated 13F filings for Q1 2016.