Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
43 hedge funds and large institutions have $22M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 15 closing their positions.
38% more call options, than puts
Call options by funds: $46.5M | Put options by funds: $33.8M
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
0.34% less ownership
Funds ownership: 1% → 0.66% (-0.34%)
7% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 15
2% less funds holding
Funds holding: 44 → 43 (-1)
73% less capital invested
Capital invested by funds: $82.4M → $22M (-$60.3M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$21.1M |
| 2 |
Simplex Trading
Chicago,
Illinois
|
+$21M |
| 3 |
CG
Cutler Group
San Francisco,
California
|
+$7.58M |
| 4 |
Renaissance Technologies
New York
|
+$2.77M |
| 5 |
SG Americas Securities
New York
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5.96M |
| 2 |
Morgan Stanley
New York
|
-$5.19M |
| 3 |
Jane Street
New York
|
-$5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$4.61M |
| 5 |
XS
XR Securities
Chicago,
Illinois
|
-$3.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
51
Bourgeon Capital Management
Darien,
Connecticut
| – | -$418K | -2,400 | Closed |
|
|
CS
52
Credit Suisse
Zurich,
Switzerland
| – | -$291K | -1,669 | Closed |
|
|
SV
53
Stilwell Value
New York
| – | -$174K | -1,000 | Closed |
|
|
ICM
54
Islay Capital Management
Lubbock,
Texas
| – | -$35K | -200 | Closed |
|
|
SCA
55
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$26.4K | -200 | -97% |
|
|
WAM
56
Wolverine Asset Management
Chicago,
Illinois
| – | -$31K | -180 | Closed |
|
57
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -25 | Closed |
|
|
GWMIA
58
Global Wealth Management Investment Advisory
Fort Lauderdale,
Florida
| – | -$1K | -8 | Closed |
|
NUGT Hedge Fund Activity: Q1 2020 in Review
43 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q1 2020, worth a combined $22M — down 73% from $82.4M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NUGT and 14 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 14 added.
The largest buyer was Commonwealth of Pennsylvania Public School Employees Retirement System, opening a new position worth an estimated $21.1M. The largest seller was Susquehanna International Group, cutting an estimated $5.96M.
- 43 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q1 2020, down from 44 in Q4 2019.
- Funds reported $22M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q1 2020, down 73% quarter-over-quarter.
- 14 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q1 2020 and 15 closed out, a net change of -1 holder.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q1 2020 was Commonwealth of Pennsylvania Public School Employees Retirement System, an estimated $21.1M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q1 2020 was Susquehanna International Group, an estimated $5.96M sold.
Based on aggregated 13F filings for Q1 2020.