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.
16 hedge funds and large institutions have $222M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 1 reducing their positions, and 3 closing their positions.
700% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 1
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7% more capital invested
Capital invested by funds: $209M → $222M (+$13.6M)
6% less funds holding
Funds holding: 17 → 16 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$14.1M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$11M |
| 3 |
GC
GMT Capital
Atlanta,
Georgia
|
+$9.24M |
| 4 |
XS
XR Securities
Chicago,
Illinois
|
+$4.58M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.61M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$326K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$36.6K |
| 4 |
EWM
Edge Wealth Management
New York
|
-$1K |
DGAZ Hedge Fund Activity: Q3 2019 in Review
16 of the 4,560 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 2019, worth a combined $222M — up 6.5% from $209M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of DGAZ and 2 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 8 added.
The largest buyer was Jane Street, opening a new position worth an estimated $14.1M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.61M sold.
- 16 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q3 2019, down from 17 in Q2 2019.
- Funds reported $222M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q3 2019, up 6.5% 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 Q3 2019 and 3 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 2019 was Jane Street, an estimated $14.1M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q3 2019 was Citadel Advisors, an estimated $1.61M sold.
Based on aggregated 13F filings for Q3 2019.