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.
18 hedge funds and large institutions have $51.9M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 1 reducing their positions, and 2 closing their positions.
500% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 1
450% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 2
100% more funds holding
Funds holding: 9 → 18 (+9)
27% less capital invested
Capital invested by funds: $71.3M → $51.9M (-$19.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$27.5M |
| 2 |
FMA
FNY Managed Accounts
New York
|
+$10.1M |
| 3 |
Morgan Stanley
New York
|
+$7.29M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$7.24M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$118K |
| 2 |
Creative Planning
Overland Park,
Kansas
|
-$72K |
| 3 |
Goldman Sachs
New York
|
-$63.7K |
DGAZ Hedge Fund Activity: Q2 2016 in Review
18 of the 3,756 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 Q2 2016, worth a combined $51.9M — down 27% from $71.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new DGAZ positions and 2 closed out — a net gain of 9 holders — while 6 added to existing stakes and 1 trimmed.
The largest buyer was Credit Suisse, adding an estimated $27.5M. The largest seller was Citigroup, exiting entirely with an estimated $118K sold.
- 18 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q2 2016, up from 9 in Q1 2016.
- Funds reported $51.9M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q2 2016, down 27% quarter-over-quarter.
- 11 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q2 2016 and 2 closed out, a net change of +9 holders.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return buyer in Q2 2016 was Credit Suisse, an estimated $27.5M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q2 2016 was Citigroup, an estimated $118K sold.
Based on aggregated 13F filings for Q2 2016.