Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
39 hedge funds and large institutions have $22.2M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 17 closing their positions.
57% more call options, than puts
Call options by funds: $149M | Put options by funds: $95.1M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.2% less ownership
Funds ownership: 0.58% → 0.38% (-0.2%)
17% less funds holding
Funds holding: 47 → 39 (-8)
41% less capital invested
Capital invested by funds: $37.8M → $22.2M (-$15.6M)
47% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 17
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
+$2.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.58M |
| 3 |
Barclays
London,
United Kingdom
|
+$1.03M |
| 4 |
JP Morgan Chase
New York
|
+$620K |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$4.32M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
-$4.3M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$4.18M |
| 4 |
Jane Street
New York
|
-$4.18M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
51
SeaCrest Wealth Management
Purchase,
New York
| – | -$7K | -75 | Closed |
|
|
CIAS
52
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$1K | -8 | Closed |
|
53
Fidelity Investments
Boston,
Massachusetts
| – | +$97 | +1 | New |
|
NUGT Hedge Fund Activity: Q1 2019 in Review
39 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q1 2019, worth a combined $22.2M — down 41% from $37.8M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of NUGT and 9 opened new positions — a net loss of 8 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Essex Investment Management, opening a new position worth an estimated $2.9M. The largest seller was SG Americas Securities, cutting an estimated $4.32M.
- 39 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q1 2019, down from 47 in Q4 2018.
- Funds reported $22.2M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q1 2019, down 41% quarter-over-quarter.
- 9 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q1 2019 and 17 closed out, a net change of -8 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q1 2019 was Essex Investment Management, an estimated $2.9M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q1 2019 was SG Americas Securities, an estimated $4.32M sold.
Based on aggregated 13F filings for Q1 2019.