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DGAZ

VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return
DGAZ

Delisted

DGAZ was delisted on the 10th of July, 2020.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
7
Holders Change
-5
Holders Change %
-41.67%
% of All Funds
0.14%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
–
Reduced
3
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$1.01M
2
HF
HRT Financial
New York
+$328K
3
JT
Jump Trading
Illinois
+$269K

Top Sellers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
-$110M
2
Wolverine Trading
Wolverine Trading
Illinois
-$8.63M
3
Jane Street
Jane Street
New York
-$6.67M
4
GC
GMT Capital
Georgia
-$4.56M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.41M

DGAZ Hedge Fund Activity: Q2 2020 in Review

7 of the 4,888 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.