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.
12 hedge funds and large institutions have $141M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
49% more capital invested
Capital invested by funds: $94.6M → $141M (+$46.3M)
20% more funds holding
Funds holding: 10 → 12 (+2)
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
|
+$20M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.49M |
| 3 |
Jane Street
New York
|
+$1.18M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$965K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$923K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$256K |
| 2 |
TSS
Two Sigma Securities
New York
|
-$236K |
| 3 |
Goldman Sachs
New York
|
-$189K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$49.3K |
| 5 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$5.23K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $132M | +$20M | +45,000 | +21% |
|
|
FTUS
2
Flow Traders U.S.
New York
| $2.4M | +$1.49M | +3,350 | +230% |
|
|
3
Jane Street
New York
| $1.33M | +$1.18M | +2,650 | New |
|
|
4
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.09M | +$965K | +2,173 | New |
|
|
5
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $1.04M | +$923K | +2,079 | New |
|
|
BBHC
6
Brown Brothers Harriman & Co
New York
| $875K | – | – | – |
|
|
7
Goldman Sachs
New York
| $815K | -$189K | -425 | -21% |
|
8
Citadel Advisors
Miami,
Florida
| $785K | +$697K | +1,569 | New |
|
|
VKH
9
Virtu KCG Holdings
New York
| $327K | -$256K | -577 | -47% |
|
|
VF
10
Virtu Financial
New York
| $242K | +$215K | +484 | New |
|
|
11
UBS Group
Zurich,
Switzerland
| $26K | -$49.3K | -111 | -69% |
|
12
Morgan Stanley
New York
| $1K | – | – | – |
|
|
TSS
13
Two Sigma Securities
New York
| – | -$236K | -564 | Closed |
|
|
FDCDDQ
14
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$5.23K | -13 | Closed |
|
|
TRCT
15
Tower Research Capital (TRC)
New York
| – | -$2K | -5 | Closed |
|
DGAZ Hedge Fund Activity: Q2 2017 in Review
12 of the 4,011 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 2017, worth a combined $141M — up 49% from $94.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DGAZ positions and 3 closed out — a net gain of 2 holders — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Credit Suisse, adding an estimated $20M. The largest seller was Virtu KCG Holdings, cutting an estimated $256K.
- 12 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q2 2017, up from 10 in Q1 2017.
- Funds reported $141M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q2 2017, up 49% quarter-over-quarter.
- 5 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q2 2017 and 3 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 Q2 2017 was Credit Suisse, an estimated $20M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q2 2017 was Virtu KCG Holdings, an estimated $256K sold.
Based on aggregated 13F filings for Q2 2017.