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 $7.93M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 4 reducing their positions, and 0 closing their positions.
20% more funds holding
Funds holding: 10 → 12 (+2)
3% more capital invested
Capital invested by funds: $7.71M → $7.93M (+$224K)
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$576K |
| 2 |
ICM
Ionic Capital Management
New York
|
+$69.1K |
| 3 |
Morgan Stanley
New York
|
+$30.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$509K |
| 2 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$85.6K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$12.4K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$9.48K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
1
Claybrook Capital
Wellesley,
Massachusetts
| $3.06M | – | – | – |
|
|
ICM
2
Ionic Capital Management
New York
| $1.88M | +$69.1K | +4,842 | +4% |
|
|
MIG
3
Mariner Investment Group
Harrison,
New York
| $1.17M | -$509K | -35,676 | -31% |
|
|
FIM
4
Frontier Investment Management
Dallas,
Texas
| $634K | – | – | – |
|
|
5
Jane Street
New York
| $584K | +$576K | +40,386 | New |
|
6
HighTower Advisors
Chicago,
Illinois
| $233K | – | – | – |
|
|
7
Commonwealth Equity Services
Waltham,
Massachusetts
| $162K | -$9.48K | -665 | -6% |
|
|
CFA
8
Carroll Financial Associates
Charlotte,
North Carolina
| $101K | -$85.6K | -6,000 | -46% |
|
|
9
UBS Group
Zurich,
Switzerland
| $38K | -$12.4K | -872 | -25% |
|
|
OIA
10
Optimum Investment Advisors
Chicago,
Illinois
| $36K | – | – | – |
|
|
11
Morgan Stanley
New York
| $31K | +$30.8K | +2,157 | New |
|
CEFL Hedge Fund Activity: Q2 2019 in Review
12 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q2 2019, worth a combined $7.93M — up 2.9% from $7.71M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new CEFL positions and 0 closed out — a net gain of 2 holders — while 1 added to existing stakes and 4 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $576K. The largest seller was Mariner Investment Group, cutting an estimated $509K.
- 12 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q2 2019, up from 10 in Q1 2019.
- Funds reported $7.93M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q2 2019, up 2.9% quarter-over-quarter.
- 2 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q2 2019 and 0 closed out, a net change of +2 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q2 2019 was Jane Street, an estimated $576K added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q2 2019 was Mariner Investment Group, an estimated $509K sold.
Based on aggregated 13F filings for Q2 2019.