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.
19 hedge funds and large institutions have $185M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, reducing their positions, and 4 closing their positions.
1,222% more capital inflows, than outflows
Capital inflows: $173M | Capital outflows: $13.1M
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
27% more funds holding
Funds holding: 15 → 19 (+4)
86.32% less ownership
Funds ownership: 86.32% → 0% (-86%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$45.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$29M |
| 3 |
HRT Financial
New York
|
+$17.5M |
| 4 |
Credit Suisse
Zurich,
Switzerland
|
+$17.2M |
| 5 |
Virtu Financial
New York
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$9.36M |
| 2 |
Goldman Sachs
New York
|
-$2.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.12M |
| 4 |
SeaCrest Wealth Management
Purchase,
New York
|
-$465K |
DGAZ Hedge Fund Activity: Q4 2018 in Review
19 of the 4,506 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 2018, worth a combined $185M — down 17% from $224M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new DGAZ positions and 4 closed out — a net gain of 4 holders — while 9 added to existing stakes and 0 trimmed.
The largest buyer was Jane Street, adding an estimated $45.1M. The largest seller was BNP Paribas Financial Markets, exiting entirely with an estimated $9.36M sold.
- 19 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q4 2018, up from 15 in Q3 2018.
- Funds reported $185M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q4 2018, down 17% quarter-over-quarter.
- 8 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q4 2018 and 4 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 2018 was Jane Street, an estimated $45.1M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q4 2018 was BNP Paribas Financial Markets, an estimated $9.36M sold.
Based on aggregated 13F filings for Q4 2018.