VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return
DGAZ
DGAZ was delisted on the 10th of July, 2020.
11 hedge funds and large institutions have $59.8M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 5 closing their positions.
54% more capital invested
Capital invested by funds: $38.7M → $59.8M (+$21.1M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
10% more funds holding
Funds holding: 10 → 11 (+1)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$12.1M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$3.53M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$523K |
| 4 |
JT
Jump Trading
Chicago,
Illinois
|
+$394K |
| 5 |
Jane Street
New York
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.16M |
| 2 |
VF
Virtu Financial
New York
|
-$3.92M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.25M |
| 4 |
Citigroup
New York
|
-$699K |
| 5 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$626K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $48.3M | +$12.1M | +8,500 | +28% |
|
|
2
Jane Street
New York
| $4.86M | +$284K | +199 | +5% |
|
|
FTUS
3
Flow Traders U.S.
New York
| $3.1M | +$3.53M | +2,475 | New |
|
|
VF
4
Virtu Financial
New York
| $1.88M | -$3.92M | -2,744 | -65% |
|
5
Goldman Sachs
New York
| $589K | -$343K | -240 | -34% |
|
|
VKH
6
Virtu KCG Holdings
New York
| $458K | +$523K | +366 | New |
|
|
JT
7
Jump Trading
Chicago,
Illinois
| $346K | +$394K | +276 | New |
|
8
Millennium Management
New York
| $191K | +$218K | +153 | New |
|
|
9
UBS Group
Zurich,
Switzerland
| $77K | -$1.25M | -878 | -93% |
|
10
Creative Planning
Overland Park,
Kansas
| $43K | +$48.5K | +34 | New |
|
11
Morgan Stanley
New York
| $1K | +$1.43K | +1 | New |
|
|
12
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$6.16M | -7,878 | Closed |
|
|
13
Citigroup
New York
| – | -$699K | -894 | Closed |
|
|
14
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$626K | -800 | Closed |
|
|
ACM
15
Argentus Capital Management
Dallas,
Texas
| – | -$154K | -197 | Closed |
|
16
Citadel Advisors
Miami,
Florida
| – | -$114K | -146 | Closed |
|
DGAZ Hedge Fund Activity: Q4 2015 in Review
11 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) for Q4 2015, worth a combined $59.8M — up 54% from $38.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new DGAZ positions and 5 closed out — a net gain of 1 holder — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Credit Suisse, adding an estimated $12.1M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $6.16M sold.
- 11 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q4 2015, up from 10 in Q3 2015.
- Funds reported $59.8M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q4 2015, up 54% quarter-over-quarter.
- 6 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q4 2015 and 5 closed out, a net change of +1 holder.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return buyer in Q4 2015 was Credit Suisse, an estimated $12.1M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q4 2015 was Susquehanna International Group, an estimated $6.16M sold.
Based on aggregated 13F filings for Q4 2015.