ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL
CEFL was delisted on the 26th of March, 2020.
14 hedge funds and large institutions have $9.08M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
86% more capital invested
Capital invested by funds: $4.89M → $9.08M (+$4.19M)
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
27% more funds holding
Funds holding: 11 → 14 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$3.27M |
| 2 |
ICM
Ionic Capital Management
New York
|
+$798K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$200K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$162K |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$20.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$75K |
| 2 |
TAF
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
|
-$62.9K |
| 3 |
Morgan Stanley
New York
|
-$26.6K |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$19.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Jane Street
New York
| $3.29M | +$3.27M | +196,708 | New |
|
|
ICM
2
Ionic Capital Management
New York
| $3.09M | +$798K | +47,995 | +35% |
|
|
TAF
3
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
| $1.74M | -$62.9K | -3,785 | -8% |
|
|
AWA
4
Arete Wealth Advisors
Chicago,
Illinois
| $428K | -$19.9K | -1,200 | -4% |
|
|
5
Creative Planning
Overland Park,
Kansas
| $216K | +$162K | +9,750 | +309% |
|
|
6
Commonwealth Equity Services
Waltham,
Massachusetts
| $201K | +$200K | +12,000 | New |
|
|
BA
7
BlackRock Advisors
Wilmington,
Delaware
| $71K | +$20.9K | +1,256 | +42% |
|
8
Royal Bank of Canada
Toronto,
Ontario, Canada
| $16K | +$15.6K | +940 | New |
|
|
9
Morgan Stanley
New York
| $10K | -$26.6K | -1,601 | -74% |
|
|
IA
10
IFP Advisors
Tampa,
Florida
| $7K | +$349 | +21 | +5% |
|
|
DSN
11
D. Scott Neal
Lexington,
Kentucky
| $5K | +$4.99K | +300 | New |
|
|
BBPWM
12
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $4K | – | – | – |
|
|
NFG
13
Next Financial Group
Houston,
Texas
| $2K | – | – | – |
|
|
CFA
14
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$75K | -4,190 | Closed |
|
CEFL Hedge Fund Activity: Q4 2016 in Review
14 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q4 2016, worth a combined $9.08M — up 86% from $4.89M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new CEFL positions and 1 closed out — a net gain of 3 holders — while 4 added to existing stakes and 3 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $3.27M. The largest seller was Carroll Financial Associates, exiting entirely with an estimated $75K sold.
- 14 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q4 2016, up from 11 in Q3 2016.
- Funds reported $9.08M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q4 2016, up 86% quarter-over-quarter.
- 4 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q4 2016 and 1 closed out, a net change of +3 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q4 2016 was Jane Street, an estimated $3.27M added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q4 2016 was Carroll Financial Associates, an estimated $75K sold.
Based on aggregated 13F filings for Q4 2016.