ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL
CEFL was delisted on the 26th of March, 2020.
12 hedge funds and large institutions have $5.98M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2017 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 3 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
14% less funds holding
Funds holding: 14 → 12 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
34% less capital invested
Capital invested by funds: $9.08M → $5.98M (-$3.11M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAF
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
|
+$115K |
| 2 |
BlackRock
New York
|
+$72.5K |
| 3 |
Creative Planning
Overland Park,
Kansas
|
+$17.2K |
| 4 |
Morgan Stanley
New York
|
+$16K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$4.51K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.29M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$201K |
| 3 |
ICM
Ionic Capital Management
New York
|
-$180K |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$8.58K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICM
1
Ionic Capital Management
New York
| $3.03M | -$180K | -10,480 | -6% |
|
|
TAF
2
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
| $2.13M | +$115K | +6,695 | +14% |
|
|
AWA
3
Arete Wealth Advisors
Chicago,
Illinois
| $436K | -$8.58K | -500 | -2% |
|
|
4
Creative Planning
Overland Park,
Kansas
| $243K | +$17.2K | +1,000 | +8% |
|
|
5
BlackRock
New York
| $74K | +$72.5K | +4,226 | New |
|
|
6
Morgan Stanley
New York
| $26K | +$16K | +930 | +163% |
|
7
Royal Bank of Canada
Toronto,
Ontario, Canada
| $16K | – | – | – |
|
|
IA
8
IFP Advisors
Tampa,
Florida
| $8K | +$309 | +18 | +4% |
|
|
DSN
9
D. Scott Neal
Lexington,
Kentucky
| $5K | – | – | – |
|
|
AG
10
Advisor Group
Phoenix,
Arizona
| $5K | +$4.51K | +263 | New |
|
|
BBPWM
11
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $3K | – | – | – |
|
|
12
Jane Street
New York
| – | -$3.29M | -196,708 | Closed |
|
|
13
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$201K | -12,000 | Closed |
|
|
NFG
14
Next Financial Group
Houston,
Texas
| – | -$2K | -100 | Closed |
|
CEFL Hedge Fund Activity: Q1 2017 in Review
12 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q1 2017, worth a combined $5.98M — down 34% from $9.08M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of CEFL and 2 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 4 added.
The largest buyer was Tredje AP-fonden, adding an estimated $115K. The largest seller was Jane Street, exiting entirely with an estimated $3.29M sold.
- 12 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q1 2017, down from 14 in Q4 2016.
- Funds reported $5.98M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q1 2017, down 34% quarter-over-quarter.
- 2 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q1 2017 and 3 closed out, a net change of -1 holder.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q1 2017 was Tredje AP-fonden, an estimated $115K added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q1 2017 was Jane Street, an estimated $3.29M sold.
Based on aggregated 13F filings for Q1 2017.