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.
9 hedge funds and large institutions have $71.3M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 4 closing their positions.
19% more capital invested
Capital invested by funds: $59.8M → $71.3M (+$11.5M)
18% less funds holding
Funds holding: 11 → 9 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$112K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$11.6K |
| 3 |
Creative Planning
Overland Park,
Kansas
|
+$1.93K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$8.68M |
| 2 |
Jane Street
New York
|
-$7.19M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$4.4M |
| 4 |
VF
Virtu Financial
New York
|
-$1.88M |
| 5 |
Goldman Sachs
New York
|
-$521K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $69.7M | -$8.68M | -4,500 | -12% |
|
|
2
Goldman Sachs
New York
| $411K | -$521K | -270 | -57% |
|
|
FTUS
3
Flow Traders U.S.
New York
| $394K | -$4.4M | -2,283 | -92% |
|
|
4
Jane Street
New York
| $306K | -$7.19M | -3,728 | -96% |
|
|
VKH
5
Virtu KCG Holdings
New York
| $230K | -$490K | -254 | -69% |
|
|
6
Citigroup
New York
| $118K | +$112K | +58 | New |
|
|
7
Creative Planning
Overland Park,
Kansas
| $72K | +$1.93K | +1 | +3% |
|
|
8
Bank of America
Charlotte,
North Carolina
| $12K | +$11.6K | +6 | New |
|
9
Morgan Stanley
New York
| $3K | – | – | – |
|
|
VF
10
Virtu Financial
New York
| – | -$1.88M | -1,498 | Closed |
|
|
JT
11
Jump Trading
Chicago,
Illinois
| – | -$346K | -276 | Closed |
|
12
Millennium Management
New York
| – | -$191K | -153 | Closed |
|
13
UBS Group
Zurich,
Switzerland
| – | -$77K | -62 | Closed |
|
DGAZ Hedge Fund Activity: Q1 2016 in Review
9 of the 3,753 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 Q1 2016, worth a combined $71.3M — up 19% from $59.8M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of DGAZ and 2 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 1 added.
The largest buyer was Citigroup, opening a new position worth an estimated $112K. The largest seller was Credit Suisse, cutting an estimated $8.68M.
- 9 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q1 2016, down from 11 in Q4 2015.
- Funds reported $71.3M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q1 2016, up 19% quarter-over-quarter.
- 2 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q1 2016 and 4 closed out, a net change of -2 holders.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return buyer in Q1 2016 was Citigroup, an estimated $112K added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q1 2016 was Credit Suisse, an estimated $8.68M sold.
Based on aggregated 13F filings for Q1 2016.