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.
12 hedge funds and large institutions have $296M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 8 reducing their positions, and 6 closing their positions.
10% more capital invested
Capital invested by funds: $269M → $296M (+$27.4M)
25% less funds holding
Funds holding: 16 → 12 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
+$410K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$25.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$53.1M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
-$26.6M |
| 3 |
GC
GMT Capital
Atlanta,
Georgia
|
-$19.6M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$17.4M |
| 5 |
XS
XR Securities
Chicago,
Illinois
|
-$6.84M |
DGAZ Hedge Fund Activity: Q1 2020 in Review
12 of the 4,547 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 2020, worth a combined $296M — up 10% from $269M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DGAZ and 2 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 0 added.
The largest buyer was SG Americas Securities, opening a new position worth an estimated $410K. The largest seller was Credit Suisse, cutting an estimated $53.1M.
- 12 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q1 2020, down from 16 in Q4 2019.
- Funds reported $296M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q1 2020, up 10% 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 Q1 2020 and 6 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 Q1 2020 was SG Americas Securities, an estimated $410K added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q1 2020 was Credit Suisse, an estimated $53.1M sold.
Based on aggregated 13F filings for Q1 2020.