Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
41 hedge funds and large institutions have $14M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 14 closing their positions.
60% more call options, than puts
Call options by funds: $87.1M | Put options by funds: $54.6M
0.93% less ownership
Funds ownership: 1.18% → 0.25% (-0.93%)
11% less funds holding
Funds holding: 46 → 41 (-5)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
81% less capital invested
Capital invested by funds: $75.1M → $14M (-$61.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIM
Essex Investment Management
Boston,
Massachusetts
|
+$1.24M |
| 2 |
USGIU
U.S. Global Investors (USGI)
San Antonio,
Texas
|
+$1.13M |
| 3 |
JP Morgan Chase
New York
|
+$708K |
| 4 |
Morgan Stanley
New York
|
+$638K |
| 5 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$614K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$19.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$11.3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.22M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$2.13M |
| 5 |
Renaissance Technologies
New York
|
-$1.86M |
NUGT Hedge Fund Activity: Q3 2018 in Review
41 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q3 2018, worth a combined $14M — down 81% from $75.1M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NUGT and 9 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Essex Investment Management, adding an estimated $1.24M. The largest seller was Jane Street, exiting entirely with an estimated $19.2M sold.
- 41 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q3 2018, down from 46 in Q2 2018.
- Funds reported $14M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q3 2018, down 81% quarter-over-quarter.
- 9 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q3 2018 and 14 closed out, a net change of -5 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q3 2018 was Essex Investment Management, an estimated $1.24M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q3 2018 was Jane Street, an estimated $19.2M sold.
Based on aggregated 13F filings for Q3 2018.