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 $3.62M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 4 closing their positions.
0% more funds holding
Funds holding: 12 → 12 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
40% less capital invested
Capital invested by funds: $5.98M → $3.62M (-$2.36M)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.02M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$378K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$334K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$280K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$326 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
-$3.03M |
| 2 |
TAF
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
|
-$2.13M |
| 3 |
Creative Planning
Overland Park,
Kansas
|
-$130K |
| 4 |
BlackRock
New York
|
-$74K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$29.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Jane Street
New York
| $2.03M | +$2.02M | +111,685 | New |
|
|
AWA
2
Arete Wealth Advisors
Chicago,
Illinois
| $425K | -$29.8K | -1,650 | -7% |
|
|
3
Commonwealth Equity Services
Waltham,
Massachusetts
| $380K | +$378K | +20,872 | New |
|
|
VKH
4
Virtu KCG Holdings
New York
| $336K | +$334K | +18,479 | New |
|
|
5
Citadel Advisors
Miami,
Florida
| $281K | +$280K | +15,462 | New |
|
|
6
Creative Planning
Overland Park,
Kansas
| $122K | -$130K | -7,208 | -52% |
|
7
Royal Bank of Canada
Toronto,
Ontario, Canada
| $17K | – | – | – |
|
|
IA
8
IFP Advisors
Tampa,
Florida
| $9K | +$326 | +18 | +4% |
|
|
AG
9
Advisor Group
Phoenix,
Arizona
| $5K | – | – | – |
|
|
DSN
10
D. Scott Neal
Lexington,
Kentucky
| $5K | – | – | – |
|
|
BBPWM
11
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $4K | – | – | – |
|
|
ICM
12
Ionic Capital Management
New York
| – | -$3.03M | -173,816 | Closed |
|
|
TAF
13
Tredje AP-fonden
Se-111 91 Stockholm,
Sweden
| – | -$2.13M | -53,169 | Closed |
|
|
14
BlackRock
New York
| – | -$74K | -4,226 | Closed |
|
15
Morgan Stanley
New York
| – | -$26K | -1,500 | Closed |
|
CEFL Hedge Fund Activity: Q2 2017 in Review
12 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q2 2017, worth a combined $3.62M — down 40% from $5.98M a quarter earlier.
Fund positioning in CEFL was balanced in Q2 2017: 4 funds opened new positions, 4 closed out, 1 added to existing stakes and 2 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $2.02M. The largest seller was Ionic Capital Management, exiting entirely with an estimated $3.03M sold.
- 12 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $3.62M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q2 2017, down 40% quarter-over-quarter.
- 4 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q2 2017 and 4 closed out, a net change of 0 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q2 2017 was Jane Street, an estimated $2.02M added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q2 2017 was Ionic Capital Management, an estimated $3.03M sold.
Based on aggregated 13F filings for Q2 2017.