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.
14 hedge funds and large institutions have $39.3M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
22% less funds holding
Funds holding: 18 → 14 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
58% less capital invested
Capital invested by funds: $94.1M → $39.3M (-$54.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$14.9M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.33M |
| 3 |
TSS
Two Sigma Securities
New York
|
+$1.3M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$382K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$210K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$25.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.73M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.66M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$442K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$296K |
DGAZ Hedge Fund Activity: Q4 2016 in Review
14 of the 4,000 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 2016, worth a combined $39.3M — down 58% from $94.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DGAZ and 3 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Virtu Financial, adding an estimated $14.9M. The largest seller was Credit Suisse, cutting an estimated $25.5M.
- 14 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q4 2016, down from 18 in Q3 2016.
- Funds reported $39.3M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q4 2016, down 58% quarter-over-quarter.
- 3 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q4 2016 and 7 closed out, a net change of -4 holders.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return buyer in Q4 2016 was Virtu Financial, an estimated $14.9M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q4 2016 was Credit Suisse, an estimated $25.5M sold.
Based on aggregated 13F filings for Q4 2016.