Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
26 hedge funds and large institutions have $31M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 13 closing their positions.
0.08% more ownership
Funds ownership: 0.04% → 0.12% (+0.08%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
19% less funds holding
Funds holding: 32 → 26 (-6)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
43% less capital invested
Capital invested by funds: $54.8M → $31M (-$23.8M)
47% less call options, than puts
Call options by funds: $86.1M | Put options by funds: $163M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.59M |
| 2 |
HJMC
Hellman Jordan Management Company
Quincy,
Massachusetts
|
+$3.07M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$2.37M |
| 4 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$1.59M |
| 5 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$14M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
-$10.6M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.7M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.4M |
| 5 |
Jane Street
New York
|
-$3.33M |
NUGT Hedge Fund Activity: Q3 2013 in Review
26 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q3 2013, worth a combined $31M — down 43% from $54.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NUGT and 9 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $7.59M. The largest seller was Virtu Financial, exiting entirely with an estimated $14M sold.
- 26 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q3 2013, down from 32 in Q2 2013.
- Funds reported $31M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q3 2013, down 43% quarter-over-quarter.
- 9 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q3 2013 and 13 closed out, a net change of -4 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q3 2013 was Morgan Stanley, an estimated $7.59M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q3 2013 was Virtu Financial, an estimated $14M sold.
Based on aggregated 13F filings for Q3 2013.