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 $3.53M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 0 reducing their positions, and 7 closing their positions.
20% less funds holding
Funds holding: 15 → 12 (-3)
27% less capital invested
Capital invested by funds: $4.85M → $3.53M (-$1.32M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
+$2.41M |
| 2 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$285K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$273K |
| 4 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
+$191K |
| 5 |
Morgan Stanley
New York
|
+$36.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$3.05M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$285K |
| 3 |
CCM
Crabel Capital Management
Los Angeles,
California
|
-$203K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$183K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$168K |
CEFL Hedge Fund Activity: Q4 2018 in Review
12 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q4 2018, worth a combined $3.53M — down 27% from $4.85M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CEFL and 4 opened new positions — a net loss of 3 holders — while 0 trimmed existing stakes and 5 added.
The largest buyer was Ionic Capital Management, opening a new position worth an estimated $2.41M. The largest seller was Claybrook Capital, exiting entirely with an estimated $3.05M sold.
- 12 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q4 2018, down from 15 in Q3 2018.
- Funds reported $3.53M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q4 2018, down 27% quarter-over-quarter.
- 4 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q4 2018 and 7 closed out, a net change of -3 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q4 2018 was Ionic Capital Management, an estimated $2.41M added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q4 2018 was Claybrook Capital, an estimated $3.05M sold.
Based on aggregated 13F filings for Q4 2018.