ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL
CEFL was delisted on the 26th of March, 2020.
15 hedge funds and large institutions have $4.85M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2018 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
6% less funds holding
Funds holding: 16 → 15 (-1)
23% less capital invested
Capital invested by funds: $6.29M → $4.85M (-$1.44M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$285K |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$196K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$183K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$46.8K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$20.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
-$1.52M |
| 2 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$445K |
| 3 |
OIA
Optimum Investment Advisors
Chicago,
Illinois
|
-$220K |
| 4 |
CCM
Crabel Capital Management
Los Angeles,
California
|
-$39.4K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$15.7K |
CEFL Hedge Fund Activity: Q3 2018 in Review
15 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q3 2018, worth a combined $4.85M — down 23% from $6.29M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CEFL and 3 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 6 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $285K. The largest seller was Ionic Capital Management, exiting entirely with an estimated $1.52M sold.
- 15 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q3 2018, down from 16 in Q2 2018.
- Funds reported $4.85M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q3 2018, down 23% quarter-over-quarter.
- 3 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q3 2018 and 4 closed out, a net change of -1 holder.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q3 2018 was Citadel Advisors, an estimated $285K added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q3 2018 was Ionic Capital Management, an estimated $1.52M sold.
Based on aggregated 13F filings for Q3 2018.