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 $8.08M invested in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in 2019 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
24% more capital invested
Capital invested by funds: $6.53M → $8.08M (+$1.55M)
17% less funds holding
Funds holding: 12 → 10 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.66M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.14M |
| 3 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$211K |
| 4 |
Morgan Stanley
New York
|
+$170K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$15.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
-$842K |
| 2 |
Jane Street
New York
|
-$391K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$220K |
| 4 |
HT
HAP Trading
New York
|
-$170K |
| 5 |
FIM
Frontier Investment Management
Dallas,
Texas
|
-$121K |
CEFL Hedge Fund Activity: Q4 2019 in Review
10 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) for Q4 2019, worth a combined $8.08M — up 24% from $6.53M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CEFL and 2 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 4 added.
The largest buyer was Mariner Investment Group, adding an estimated $1.66M. The largest seller was Ionic Capital Management, exiting entirely with an estimated $842K sold.
- 10 institutional investors held ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) as of Q4 2019, down from 12 in Q3 2019.
- Funds reported $8.08M of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN stock for Q4 2019, up 24% quarter-over-quarter.
- 2 funds opened new ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN positions in Q4 2019 and 4 closed out, a net change of -2 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN buyer in Q4 2019 was Mariner Investment Group, an estimated $1.66M added.
- The largest ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN seller in Q4 2019 was Ionic Capital Management, an estimated $842K sold.
Based on aggregated 13F filings for Q4 2019.