Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
34 hedge funds and large institutions have $30.4M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 7 reducing their positions, and 12 closing their positions.
86% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 7
0.11% less ownership
Funds ownership: 0.22% → 0.1% (-0.11%)
11% less funds holding
Funds holding: 38 → 34 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
41% less call options, than puts
Call options by funds: $31.8M | Put options by funds: $53.6M
49% less capital invested
Capital invested by funds: $60M → $30.4M (-$29.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$17.2M |
| 2 |
Morgan Stanley
New York
|
+$2.26M |
| 3 |
TH
Timber Hill
Greenwich,
Connecticut
|
+$1.92M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$1.34M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$31.9M |
| 2 |
Jane Street
New York
|
-$7.84M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$1.48M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.38M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1.27M |
NUGT Hedge Fund Activity: Q1 2015 in Review
34 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q1 2015, worth a combined $30.4M — down 49% from $60M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NUGT and 8 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 13 added.
The largest buyer was Credit Suisse, adding an estimated $17.2M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $31.9M sold.
- 34 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q1 2015, down from 38 in Q4 2014.
- Funds reported $30.4M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q1 2015, down 49% quarter-over-quarter.
- 8 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q1 2015 and 12 closed out, a net change of -4 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q1 2015 was Credit Suisse, an estimated $17.2M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q1 2015 was Guggenheim Capital, an estimated $31.9M sold.
Based on aggregated 13F filings for Q1 2015.