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 $6.53M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 1 closing their positions.
0% more funds holding
Funds holding: 12 → 12 (0)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
18% less capital invested
Capital invested by funds: $7.93M → $6.53M (-$1.4M)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HT
HAP Trading
New York
|
+$685K |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$49.9K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$19K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$4.46K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
-$1.01M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$703K |
| 3 |
Jane Street
New York
|
-$180K |
| 4 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$71.3K |
| 5 |
Morgan Stanley
New York
|
-$9.24K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
1
Claybrook Capital
Wellesley,
Massachusetts
| $3.04M | +$49.9K | +3,500 | +2% |
|
|
ICM
2
Ionic Capital Management
New York
| $842K | -$1.01M | -70,734 | -54% |
|
|
HT
3
HAP Trading
New York
| $679K | +$685K | +48,076 | New |
|
|
FIM
4
Frontier Investment Management
Dallas,
Texas
| $619K | – | – | – |
|
|
MIG
5
Mariner Investment Group
Harrison,
New York
| $445K | -$703K | -49,339 | -61% |
|
|
6
Jane Street
New York
| $391K | -$180K | -12,661 | -31% |
|
7
HighTower Advisors
Chicago,
Illinois
| $220K | -$8.55K | -600 | -4% |
|
|
8
Commonwealth Equity Services
Waltham,
Massachusetts
| $177K | +$19K | +1,332 | +12% |
|
|
9
UBS Group
Zurich,
Switzerland
| $42K | +$4.46K | +313 | +12% |
|
|
CFA
10
Carroll Financial Associates
Charlotte,
North Carolina
| $28K | -$71.3K | -5,000 | -71% |
|
|
OIA
11
Optimum Investment Advisors
Chicago,
Illinois
| $28K | -$7.13K | -500 | -20% |
|
|
12
Morgan Stanley
New York
| $21K | -$9.24K | -648 | -30% |
|
CEFL Hedge Fund Activity: Q3 2019 in Review
12 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q3 2019, worth a combined $6.53M — down 18% from $7.93M a quarter earlier.
Fund positioning in CEFL was balanced in Q3 2019: 1 fund opened new positions, 1 closed out, 3 added to existing stakes and 7 trimmed.
The largest buyer was HAP Trading, opening a new position worth an estimated $685K. The largest seller was Ionic Capital Management, cutting an estimated $1.01M.
- 12 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q3 2019, unchanged from Q2 2019.
- Funds reported $6.53M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q3 2019, down 18% quarter-over-quarter.
- 1 fund opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q3 2019 and 1 closed out, a net change of 0 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q3 2019 was HAP Trading, an estimated $685K added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q3 2019 was Ionic Capital Management, an estimated $1.01M sold.
Based on aggregated 13F filings for Q3 2019.