Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
35 hedge funds and large institutions have $102M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 12 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
23% more call options, than puts
Call options by funds: $614M | Put options by funds: $499M
8% more capital invested
Capital invested by funds: $93.8M → $102M (+$7.67M)
1.09% less ownership
Funds ownership: 2.6% → 1.51% (-1.1%)
13% less funds holding
Funds holding: 40 → 35 (-5)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$15.4M |
| 2 |
VF
Virtu Financial
New York
|
+$11.1M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$5.12M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.89M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$49.8M |
| 2 |
SG Americas Securities
New York
|
-$11.7M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$9.96M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$9.18M |
| 5 |
Goldman Sachs
New York
|
-$6.25M |
NUGT Hedge Fund Activity: Q2 2016 in Review
35 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q2 2016, worth a combined $102M — up 8.2% from $93.8M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NUGT and 8 opened new positions — a net loss of 4 holders — while 15 trimmed existing stakes and 10 added.
The largest buyer was Jane Street, adding an estimated $15.4M. The largest seller was Bank of America, cutting an estimated $49.8M.
- 35 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q2 2016, down from 40 in Q1 2016.
- Funds reported $102M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q2 2016, up 8.2% quarter-over-quarter.
- 8 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q2 2016 and 12 closed out, a net change of -4 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q2 2016 was Jane Street, an estimated $15.4M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q2 2016 was Bank of America, an estimated $49.8M sold.
Based on aggregated 13F filings for Q2 2016.