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 $94.1M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 6 closing their positions.
81% more capital invested
Capital invested by funds: $51.9M → $94.1M (+$42.2M)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0% more funds holding
Funds holding: 18 → 18 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$43.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.42M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$5.31M |
| 4 |
Jane Street
New York
|
+$5.06M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMA
FNY Managed Accounts
New York
|
-$4.77M |
| 2 |
Morgan Stanley
New York
|
-$3.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.47M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$208K |
| 5 |
JT
Jump Trading
Chicago,
Illinois
|
-$165K |
DGAZ Hedge Fund Activity: Q3 2016 in Review
18 of the 3,748 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 Q3 2016, worth a combined $94.1M — up 81% from $51.9M a quarter earlier.
Fund positioning in DGAZ was balanced in Q3 2016: 6 funds opened new positions, 6 closed out, 7 added to existing stakes and 5 trimmed.
The largest buyer was Credit Suisse, adding an estimated $43.3M. The largest seller was FNY Managed Accounts, exiting entirely with an estimated $4.77M 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 Q3 2016, unchanged from Q2 2016.
- Funds reported $94.1M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q3 2016, up 81% 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 Q3 2016 and 6 closed out, a net change of 0 holders.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return buyer in Q3 2016 was Credit Suisse, an estimated $43.3M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q3 2016 was FNY Managed Accounts, an estimated $4.77M sold.
Based on aggregated 13F filings for Q3 2016.