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 $988K invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 6 closing their positions.
33% less funds holding
Funds holding: 12 → 8 (-4)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
73% less capital invested
Capital invested by funds: $3.62M → $988K (-$2.63M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$253K |
| 2 |
TSS
Two Sigma Securities
New York
|
+$221K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$46K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$349 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.03M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$380K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$281K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$122K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$17K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWA
1
Arete Wealth Advisors
Chicago,
Illinois
| $438K | – | – | – |
|
|
2
HighTower Advisors
Chicago,
Illinois
| $258K | +$253K | +13,806 | New |
|
|
TSS
3
Two Sigma Securities
New York
| $226K | +$221K | +12,072 | New |
|
|
4
UBS Group
Zurich,
Switzerland
| $47K | +$46K | +2,508 | New |
|
|
IA
5
IFP Advisors
Tampa,
Florida
| $9K | +$349 | +19 | +4% |
|
|
DSN
6
D. Scott Neal
Lexington,
Kentucky
| $6K | – | – | – |
|
|
BBPWM
7
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $4K | – | – | – |
|
|
8
Jane Street
New York
| – | -$2.03M | -111,685 | Closed |
|
|
9
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$380K | -20,872 | Closed |
|
|
10
Citadel Advisors
Miami,
Florida
| – | -$281K | -15,462 | Closed |
|
|
11
Creative Planning
Overland Park,
Kansas
| – | -$122K | -6,700 | Closed |
|
|
12
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$17K | -940 | Closed |
|
|
AG
13
Advisor Group
Phoenix,
Arizona
| – | -$5K | -263 | Closed |
|
CEFL Hedge Fund Activity: Q3 2017 in Review
8 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 Q3 2017, worth a combined $988K — down 73% from $3.62M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CEFL and 3 opened new positions — a net loss of 3 holders — while 0 trimmed existing stakes and 1 added.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $253K. The largest seller was Jane Street, exiting entirely with an estimated $2.03M sold.
- 8 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q3 2017, down from 12 in Q2 2017.
- Funds reported $988K of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q3 2017, down 73% quarter-over-quarter.
- 3 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q3 2017 and 6 closed out, a net change of -3 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q3 2017 was HighTower Advisors, an estimated $253K added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q3 2017 was Jane Street, an estimated $2.03M sold.
Based on aggregated 13F filings for Q3 2017.