Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
40 hedge funds and large institutions have $52.2M invested in Direxion Daily Gold Miners Index Bull 2X ETF in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 9 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
58% more capital invested
Capital invested by funds: $33.1M → $52.2M (+$19.1M)
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
5% more funds holding
Funds holding: 38 → 40 (+2)
2.24% more ownership
Funds ownership: 6.33% → 8.57% (+2.2%)
9% less call options, than puts
Call options by funds: $49.1M | Put options by funds: $53.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$9.38M |
| 2 |
PA
Pineridge Advisors
St. Charles,
Missouri
|
+$4.5M |
| 3 |
GS
GTS Securities
Miami,
Florida
|
+$2.85M |
| 4 |
Jane Street
New York
|
+$2.5M |
| 5 |
RAM
Revere Asset Management
Dallas,
Texas
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
-$4.56M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$2.75M |
| 3 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$2.61M |
| 4 |
SF
Synovus Financial
Columbus,
Georgia
|
-$2.05M |
| 5 |
Squarepoint
New York
|
-$1.61M |
NUGT Hedge Fund Activity: Q1 2024 in Review
40 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) for Q1 2024, worth a combined $52.2M — up 58% from $33.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NUGT positions and 9 closed out — a net gain of 2 holders — while 16 added to existing stakes and 7 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $9.38M. The largest seller was HRT Financial, cutting an estimated $4.56M.
- 40 institutional investors held Direxion Daily Gold Miners Index Bull 2X ETF (NUGT) as of Q1 2024, up from 38 in Q4 2023.
- Funds reported $52.2M of Direxion Daily Gold Miners Index Bull 2X ETF stock for Q1 2024, up 58% quarter-over-quarter.
- 11 funds opened new Direxion Daily Gold Miners Index Bull 2X ETF positions in Q1 2024 and 9 closed out, a net change of +2 holders.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF buyer in Q1 2024 was Citadel Advisors, an estimated $9.38M added.
- The largest Direxion Daily Gold Miners Index Bull 2X ETF seller in Q1 2024 was HRT Financial, an estimated $4.56M sold.
Based on aggregated 13F filings for Q1 2024.