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 $247M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 5 closing their positions.
16% more capital invested
Capital invested by funds: $213M → $247M (+$33.8M)
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
9% less funds holding
Funds holding: 11 → 10 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$40.5M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$13.5M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.78M |
| 4 |
HF
HRT Financial
New York
|
+$1.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$396K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$21.4M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
-$2.46M |
| 3 |
VF
Virtu Financial
New York
|
-$1.26M |
| 4 |
Goldman Sachs
New York
|
-$633K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$501K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $225M | +$40.5M | +75,000 | +23% |
|
|
2
BNP Paribas Financial Markets
Paris,
France
| $13.9M | +$13.5M | +25,000 | New |
|
|
3
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1.83M | +$1.78M | +3,305 | New |
|
|
HF
4
HRT Financial
New York
| $1.64M | +$1.6M | +2,966 | New |
|
|
5
Jane Street
New York
| $1.51M | -$21.4M | -39,762 | -94% |
|
|
BBHC
6
Brown Brothers Harriman & Co
New York
| $971K | – | – | – |
|
|
VF
7
Virtu Financial
New York
| $927K | -$1.26M | -2,328 | -58% |
|
|
8
Citadel Advisors
Miami,
Florida
| $777K | +$396K | +735 | +110% |
|
9
UBS Group
Zurich,
Switzerland
| $20K | +$20K | +37 | New |
|
10
Morgan Stanley
New York
| $1K | – | – | – |
|
|
FTUS
11
Flow Traders U.S.
New York
| – | -$2.46M | -4,464 | Closed |
|
|
12
Goldman Sachs
New York
| – | -$633K | -1,152 | Closed |
|
|
13
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$501K | -910 | Closed |
|
|
TSS
14
Two Sigma Securities
New York
| – | -$364K | -661 | Closed |
|
|
TRCT
15
Tower Research Capital (TRC)
New York
| – | -$1K | -2 | Closed |
|
DGAZ Hedge Fund Activity: Q1 2018 in Review
10 of the 4,363 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 Q1 2018, worth a combined $247M — up 16% from $213M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DGAZ and 4 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 2 added.
The largest buyer was Credit Suisse, adding an estimated $40.5M. The largest seller was Jane Street, cutting an estimated $21.4M.
- 10 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q1 2018, down from 11 in Q4 2017.
- Funds reported $247M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q1 2018, up 16% quarter-over-quarter.
- 4 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q1 2018 and 5 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 Q1 2018 was Credit Suisse, an estimated $40.5M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q1 2018 was Jane Street, an estimated $21.4M sold.
Based on aggregated 13F filings for Q1 2018.