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CEFL

ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL

Delisted

CEFL was delisted on the 26th of March, 2020.

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14 hedge funds and large institutions have $5M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% less funds holding

Funds holding: 16 → 14 (-2)

23% less capital invested

Capital invested by funds: $6.49M → $5M (-$1.49M)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

67% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 6

Holders
14
Holders Change
-2
Holders Change %
-12.5%
% of All Funds
0.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
6
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCM
Brookstone Capital Management
Illinois
+$621K
2
TAF
Tredje AP-fonden
Sweden
+$202K
3
BCM
Buckhead Capital Management
Georgia
+$70.7K
4
Creative Planning
Creative Planning
Kansas
+$17K

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$1.67M
2
RCM
Rivernorth Capital Management
Florida
-$862K
3
Citadel Advisors
Citadel Advisors
Florida
-$224K
4
VKH
Virtu KCG Holdings
New York
-$42.9K
5
ICM
Ionic Capital Management
New York
-$33.2K
Name Holding Trade Value Shares
Change 		Change in
Stake
ICM
1
Ionic Capital Management
New York
$2.12M -$33.2K -2,347 -2%
BCM
2
Brookstone Capital Management
Illinois
$702K +$621K +43,900 New
AWA
3
Arete Wealth Advisors
Illinois
$492K -$17K -1,200 -4%
TAF
4
Tredje AP-fonden
Sweden
$482K +$202K +14,310 New
CFA
5
Carroll Financial Associates
North Carolina
$376K -$21.2K -1,500 -6%
VKH
6
Virtu KCG Holdings
New York
$342K -$42.9K -3,036 -12%
BCM
7
Buckhead Capital Management
Georgia
$320K +$70.7K +5,000 +33%
Creative Planning
8
Creative Planning
Kansas
$72K +$17K +1,199 +36%
BA
9
BlackRock Advisors
Delaware
$48K – – –
Walleye Trading
10
Walleye Trading
New York
$22K – – –
UBS Group
11
UBS Group
Switzerland
$16K -$22.1K -1,566 -61%
BBPWM
12
Blue Bell Private Wealth Management
Pennsylvania
$3K – – –
Morgan Stanley
13
Morgan Stanley
New York
$2K -$19.8K -1,401 -93%
Jane Street
14
Jane Street
New York
– -$1.67M -108,640 Closed
RCM
15
Rivernorth Capital Management
Florida
– -$862K -56,148 Closed
Citadel Advisors
16
Citadel Advisors
Florida
– -$224K -14,584 Closed
IA
17
IFP Advisors
Florida
– -$5K -357 Closed

CEFL Hedge Fund Activity: Q1 2016 in Review

14 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q1 2016, worth a combined $5M — down 23% from $6.49M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of CEFL and 2 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 2 added.

The largest buyer was Brookstone Capital Management, opening a new position worth an estimated $621K. The largest seller was Jane Street, exiting entirely with an estimated $1.67M sold.

  • 14 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q1 2016, down from 16 in Q4 2015.
  • Funds reported $5M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q1 2016, down 23% quarter-over-quarter.
  • 2 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q1 2016 and 4 closed out, a net change of -2 holders.
  • The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q1 2016 was Brookstone Capital Management, an estimated $621K added.
  • The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q1 2016 was Jane Street, an estimated $1.67M sold.

Based on aggregated 13F filings for Q1 2016.