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.
20 hedge funds and large institutions have $203M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
10% more capital invested
Capital invested by funds: $185M → $203M (+$17.8M)
5% more funds holding
Funds holding: 19 → 20 (+1)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 4 → 0 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$48.7M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
+$19.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$826K |
| 4 |
SG Americas Securities
New York
|
+$512K |
| 5 |
Renaissance Technologies
New York
|
+$438K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$15.9M |
| 2 |
HF
HRT Financial
New York
|
-$7.11M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.7M |
| 4 |
Jane Street
New York
|
-$4.6M |
| 5 |
VF
Virtu Financial
New York
|
-$3.36M |
DGAZ Hedge Fund Activity: Q1 2019 in Review
20 of the 4,633 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 2019, worth a combined $203M — up 9.6% from $185M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new DGAZ positions and 2 closed out — a net gain of 2 holders — while 5 added to existing stakes and 9 trimmed.
The largest buyer was Credit Suisse, adding an estimated $48.7M. The largest seller was IMC Chicago, cutting an estimated $15.9M.
- 20 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q1 2019, up from 19 in Q4 2018.
- Funds reported $203M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q1 2019, up 9.6% 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 2019 and 2 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 Q1 2019 was Credit Suisse, an estimated $48.7M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q1 2019 was IMC Chicago, an estimated $15.9M sold.
Based on aggregated 13F filings for Q1 2019.