ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL
CEFL was delisted on the 26th of March, 2020.
13 hedge funds and large institutions have $4.35M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2017 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 2 closing their positions.
340% more capital invested
Capital invested by funds: $988K → $4.35M (+$3.36M)
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
63% more funds holding
Funds holding: 8 → 13 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
+$912K |
| 2 |
PAG
Private Advisory Group
Redmond,
Washington
|
+$420K |
| 3 |
OIA
Optimum Investment Advisors
Chicago,
Illinois
|
+$301K |
| 4 |
ACI
Alpha Cubed Investments
Irvine,
California
|
+$285K |
| 5 |
VF
Virtu Financial
New York
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSS
Two Sigma Securities
New York
|
-$226K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$42.9K |
| 3 |
DSN
D. Scott Neal
Lexington,
Kentucky
|
-$6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
1
Claybrook Capital
Wellesley,
Massachusetts
| $1.52M | +$1.53M | +84,016 | New |
|
|
ICM
2
Ionic Capital Management
New York
| $907K | +$912K | +50,037 | New |
|
|
AWA
3
Arete Wealth Advisors
Chicago,
Illinois
| $424K | – | – | – |
|
|
PAG
4
Private Advisory Group
Redmond,
Washington
| $418K | +$420K | +23,059 | New |
|
|
OIA
5
Optimum Investment Advisors
Chicago,
Illinois
| $299K | +$301K | +16,500 | New |
|
|
ACI
6
Alpha Cubed Investments
Irvine,
California
| $284K | +$285K | +15,651 | New |
|
7
HighTower Advisors
Chicago,
Illinois
| $267K | +$16.9K | +929 | +7% |
|
|
VF
8
Virtu Financial
New York
| $210K | +$211K | +11,590 | New |
|
|
IA
9
IFP Advisors
Tampa,
Florida
| $9K | +$346 | +19 | +4% |
|
|
10
UBS Group
Zurich,
Switzerland
| $3K | -$42.9K | -2,355 | -94% |
|
|
BBPWM
11
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $3K | – | – | – |
|
|
FANJ
12
Financial Architects (New Jersey)
Marlton,
New Jersey
| $2K | +$1.82K | +100 | New |
|
|
TSS
13
Two Sigma Securities
New York
| – | -$226K | -12,072 | Closed |
|
|
DSN
14
D. Scott Neal
Lexington,
Kentucky
| – | -$6K | -300 | Closed |
|
CEFL Hedge Fund Activity: Q4 2017 in Review
13 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q4 2017, worth a combined $4.35M — up 340% from $988K a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CEFL positions and 2 closed out — a net gain of 5 holders — while 2 added to existing stakes and 1 trimmed.
The largest buyer was Ionic Capital Management, opening a new position worth an estimated $912K. The largest seller was Two Sigma Securities, exiting entirely with an estimated $226K sold.
- 13 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q4 2017, up from 8 in Q3 2017.
- Funds reported $4.35M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q4 2017, up 340% quarter-over-quarter.
- 7 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q4 2017 and 2 closed out, a net change of +5 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q4 2017 was Ionic Capital Management, an estimated $912K added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q4 2017 was Two Sigma Securities, an estimated $226K sold.
Based on aggregated 13F filings for Q4 2017.