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.
7 hedge funds and large institutions have $189M invested in VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, increasing their positions, 3 reducing their positions, and 8 closing their positions.
36% less capital invested
Capital invested by funds: $296M → $189M (-$107M)
42% less funds holding
Funds holding: 12 → 7 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$1.01M |
| 2 |
HF
HRT Financial
New York
|
+$328K |
| 3 |
JT
Jump Trading
Chicago,
Illinois
|
+$269K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$110M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
-$8.63M |
| 3 |
Jane Street
New York
|
-$6.67M |
| 4 |
GC
GMT Capital
Atlanta,
Georgia
|
-$4.56M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $186M | -$110M | -375,000 | -47% |
|
|
2
Millennium Management
New York
| $1.49M | +$1.01M | +3,460 | New |
|
3
Citadel Advisors
Miami,
Florida
| $543K | -$447K | -1,526 | -55% |
|
|
HF
4
HRT Financial
New York
| $481K | +$328K | +1,119 | New |
|
|
JT
5
Jump Trading
Chicago,
Illinois
| $396K | +$269K | +919 | New |
|
6
Bank of America
Charlotte,
North Carolina
| $8K | – | – | – |
|
|
TRCT
7
Tower Research Capital (TRC)
New York
| $4K | -$24.9K | -85 | -89% |
|
|
8
Wolverine Trading
Chicago,
Illinois
| – | -$8.63M | -27,350 | Closed |
|
|
9
Jane Street
New York
| – | -$6.67M | -19,907 | Closed |
|
|
GC
10
GMT Capital
Atlanta,
Georgia
| – | -$4.56M | -13,600 | Closed |
|
|
11
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$3.41M | -10,162 | Closed |
|
|
BBHC
12
Brown Brothers Harriman & Co
New York
| – | -$587K | -1,750 | Closed |
|
13
SG Americas Securities
New York
| – | -$517K | -1,542 | Closed |
|
|
TSS
14
Two Sigma Securities
New York
| – | -$320K | -954 | Closed |
|
15
UBS Group
Zurich,
Switzerland
| – | -$6K | -19 | Closed |
|
DGAZ Hedge Fund Activity: Q2 2020 in Review
7 of the 4,877 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 Q2 2020, worth a combined $189M — down 36% from $296M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DGAZ and 3 opened new positions — a net loss of 5 holders — while 3 trimmed existing stakes and 0 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $1.01M. The largest seller was Credit Suisse, cutting an estimated $110M.
- 7 institutional investors held VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ) as of Q2 2020, down from 12 in Q1 2020.
- Funds reported $189M of VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return stock for Q2 2020, down 36% quarter-over-quarter.
- 3 funds opened new VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return positions in Q2 2020 and 8 closed out, a net change of -5 holders.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return buyer in Q2 2020 was Millennium Management, an estimated $1.01M added.
- The largest VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return seller in Q2 2020 was Credit Suisse, an estimated $110M sold.
Based on aggregated 13F filings for Q2 2020.