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.
11 hedge funds and large institutions have $213M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2017 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
33% more capital invested
Capital invested by funds: $160M → $213M (+$52.8M)
10% more funds holding
Funds holding: 10 → 11 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$22.9M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$20.5M |
| 3 |
VF
Virtu Financial
New York
|
+$1.01M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$391K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$27K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.38M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$3.52M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.11M |
| 4 |
Goldman Sachs
New York
|
-$279K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $182M | +$20.5M | +35,000 | +12% |
|
|
2
Jane Street
New York
| $23.4M | +$22.9M | +39,017 | +1,126% |
|
|
FTUS
3
Flow Traders U.S.
New York
| $2.46M | -$3.52M | -5,995 | -57% |
|
|
VF
4
Virtu Financial
New York
| $2.2M | +$1.01M | +1,716 | +75% |
|
|
BBHC
5
Brown Brothers Harriman & Co
New York
| $963K | – | – | – |
|
|
6
Goldman Sachs
New York
| $633K | -$279K | -476 | -29% |
|
|
7
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $501K | -$2.11M | -3,597 | -80% |
|
|
8
Citadel Advisors
Miami,
Florida
| $366K | +$391K | +666 | New |
|
|
TSS
9
Two Sigma Securities
New York
| $364K | +$27K | +46 | +7% |
|
10
Morgan Stanley
New York
| $1K | – | – | – |
|
|
TRCT
11
Tower Research Capital (TRC)
New York
| $1K | +$1.17K | +2 | New |
|
|
12
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$5.38M | -11,152 | Closed |
|
DGAZ Hedge Fund Activity: Q4 2017 in Review
11 of the 4,409 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 2017, worth a combined $213M — up 33% from $160M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new DGAZ positions and 1 closed out — a net gain of 1 holder — while 4 added to existing stakes and 3 trimmed.
The largest buyer was Jane Street, adding an estimated $22.9M. The largest seller was Royal Bank of Canada, exiting entirely with an estimated $5.38M sold.
- 11 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q4 2017, up from 10 in Q3 2017.
- Funds reported $213M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q4 2017, up 33% quarter-over-quarter.
- 2 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q4 2017 and 1 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 Q4 2017 was Jane Street, an estimated $22.9M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q4 2017 was Royal Bank of Canada, an estimated $5.38M sold.
Based on aggregated 13F filings for Q4 2017.