ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
CEFL
CEFL was delisted on the 26th of March, 2020.
10 hedge funds and large institutions have $7.71M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 3 closing their positions.
119% more capital invested
Capital invested by funds: $3.53M → $7.71M (+$4.18M)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
17% less funds holding
Funds holding: 12 → 10 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$2.92M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.33M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$23.9K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$3.63K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
-$705K |
| 2 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$68.8K |
| 3 |
Morgan Stanley
New York
|
-$32K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
1
Claybrook Capital
Wellesley,
Massachusetts
| $3M | +$2.92M | +211,916 | New |
|
|
ICM
2
Ionic Capital Management
New York
| $1.78M | -$705K | -51,195 | -29% |
|
|
MIG
3
Mariner Investment Group
Harrison,
New York
| $1.65M | +$1.33M | +96,511 | +483% |
|
|
FIM
4
Frontier Investment Management
Dallas,
Texas
| $621K | – | – | – |
|
5
HighTower Advisors
Chicago,
Illinois
| $228K | – | – | – |
|
|
CFA
6
Carroll Financial Associates
Charlotte,
North Carolina
| $183K | -$68.8K | -5,000 | -28% |
|
|
7
Commonwealth Equity Services
Waltham,
Massachusetts
| $168K | +$3.63K | +264 | +2% |
|
|
8
UBS Group
Zurich,
Switzerland
| $50K | +$23.9K | +1,736 | +97% |
|
|
OIA
9
Optimum Investment Advisors
Chicago,
Illinois
| $35K | – | – | – |
|
|
10
Morgan Stanley
New York
| – | -$32K | -2,644 | Closed |
|
|
IA
11
IFP Advisors
Tampa,
Florida
| – | -$7K | -605 | Closed |
|
CEFL Hedge Fund Activity: Q1 2019 in Review
10 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q1 2019, worth a combined $7.71M — up 119% from $3.53M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of CEFL and 1 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Claybrook Capital, opening a new position worth an estimated $2.92M. The largest seller was Ionic Capital Management, cutting an estimated $705K.
- 10 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q1 2019, down from 12 in Q4 2018.
- Funds reported $7.71M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q1 2019, up 119% quarter-over-quarter.
- 1 fund opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q1 2019 and 3 closed out, a net change of -2 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q1 2019 was Claybrook Capital, an estimated $2.92M added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q1 2019 was Ionic Capital Management, an estimated $705K sold.
Based on aggregated 13F filings for Q1 2019.