ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL
CEFL was delisted on the 26th of March, 2020.
8 hedge funds and large institutions have $6.09M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2015 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 0 reducing their positions, and 4 closing their positions.
15% more capital invested
Capital invested by funds: $5.3M → $6.09M (+$788K)
11% less funds holding
Funds holding: 9 → 8 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.1M |
| 2 |
Jane Street
New York
|
+$535K |
| 3 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$482K |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$77.3K |
| 5 |
ICM
Ionic Capital Management
New York
|
+$77.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$537K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$237K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$199K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$71K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
1
Ionic Capital Management
New York
| $2.08M | +$77.3K | +3,500 | +4% |
|
|
2
Jane Street
New York
| $1.16M | +$535K | +24,239 | +73% |
|
|
RCM
3
Rivernorth Capital Management
West Palm Beach,
Florida
| $1M | +$1.1M | +49,600 | New |
|
|
AWA
4
Arete Wealth Advisors
Chicago,
Illinois
| $682K | +$53K | +2,400 | +8% |
|
|
SPC
5
Sigma Planning Corp
Ann Arbor,
Michigan
| $642K | +$57.8K | +2,617 | +9% |
|
|
CFA
6
Carroll Financial Associates
Charlotte,
North Carolina
| $441K | +$482K | +21,800 | New |
|
|
BA
7
BlackRock Advisors
Wilmington,
Delaware
| $71K | +$77.3K | +3,500 | New |
|
|
VKH
8
Virtu KCG Holdings
New York
| – | -$537K | -24,351 | Closed |
|
|
9
Citadel Advisors
Miami,
Florida
| – | -$237K | -10,765 | Closed |
|
|
10
UBS Group
Zurich,
Switzerland
| – | -$199K | -9,021 | Closed |
|
|
11
Creative Planning
Overland Park,
Kansas
| – | -$71K | -3,200 | Closed |
|
CEFL Hedge Fund Activity: Q2 2015 in Review
8 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q2 2015, worth a combined $6.09M — up 15% from $5.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CEFL and 3 opened new positions — a net loss of 1 holder — while 0 trimmed existing stakes and 4 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.1M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $537K sold.
- 8 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q2 2015, down from 9 in Q1 2015.
- Funds reported $6.09M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q2 2015, up 15% quarter-over-quarter.
- 3 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q2 2015 and 4 closed out, a net change of -1 holder.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q2 2015 was Rivernorth Capital Management, an estimated $1.1M added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q2 2015 was Virtu KCG Holdings, an estimated $537K sold.
Based on aggregated 13F filings for Q2 2015.