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.
10 hedge funds and large institutions have $160M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2017 Q3 according to their latest regulatory filings, with 1 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
14% more capital invested
Capital invested by funds: $141M → $160M (+$19.4M)
17% less funds holding
Funds holding: 12 → 10 (-2)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$16.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.56M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$2.87M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.23M |
| 5 |
VF
Virtu Financial
New York
|
+$913K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$785K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$26K |
| 3 |
Goldman Sachs
New York
|
-$508 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $143M | +$16.5M | +32,500 | +12% |
|
|
2
Royal Bank of Canada
Toronto,
Ontario, Canada
| $5.38M | +$4.56M | +8,979 | +413% |
|
|
FTUS
3
Flow Traders U.S.
New York
| $5.05M | +$2.87M | +5,651 | +118% |
|
|
4
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $2.17M | +$1.23M | +2,428 | +117% |
|
5
Jane Street
New York
| $1.67M | +$414K | +815 | +31% |
|
|
VF
6
Virtu Financial
New York
| $1.1M | +$913K | +1,799 | +372% |
|
|
BBHC
7
Brown Brothers Harriman & Co
New York
| $844K | – | – | – |
|
|
8
Goldman Sachs
New York
| $786K | -$508 | -1 | -0.1% |
|
|
TSS
9
Two Sigma Securities
New York
| $296K | +$312K | +615 | New |
|
|
10
Citadel Advisors
Miami,
Florida
| – | -$785K | -1,569 | Closed |
|
|
11
UBS Group
Zurich,
Switzerland
| – | -$26K | -51 | Closed |
|
DGAZ Hedge Fund Activity: Q3 2017 in Review
10 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 Q3 2017, worth a combined $160M — up 14% from $141M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of DGAZ and 1 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 6 added.
The largest buyer was Credit Suisse, adding an estimated $16.5M. The largest seller was Citadel Advisors, exiting entirely with an estimated $785K sold.
- 10 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q3 2017, down from 12 in Q2 2017.
- Funds reported $160M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q3 2017, up 14% quarter-over-quarter.
- 1 fund opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q3 2017 and 2 closed out, a net change of -1 holder.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return buyer in Q3 2017 was Credit Suisse, an estimated $16.5M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q3 2017 was Citadel Advisors, an estimated $785K sold.
Based on aggregated 13F filings for Q3 2017.