VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER
DGLD
DGLD was delisted on the 2nd of July, 2020.
7 hedge funds and large institutions have $15M invested in VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER in 2018 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 3 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
9% less capital invested
Capital invested by funds: $16.4M → $15M (-$1.41M)
22% less funds holding
Funds holding: 9 → 7 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.76M |
| 2 |
FIA
FNY Investment Advisers
New York
|
+$496K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$163K |
| 4 |
XS
XR Securities
Chicago,
Illinois
|
+$45.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$3.53M |
| 2 |
Jane Street
New York
|
-$2.5M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$608K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$420K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $11.2M | +$2.76M | +50,000 | +35% |
|
|
2
Jane Street
New York
| $1.78M | -$2.5M | -45,343 | -60% |
|
|
FTUS
3
Flow Traders U.S.
New York
| $845K | -$608K | -11,036 | -43% |
|
|
FIA
4
FNY Investment Advisers
New York
| $522K | +$496K | +9,000 | New |
|
|
XS
5
XR Securities
Chicago,
Illinois
| $407K | +$45.2K | +821 | +13% |
|
|
6
UBS Group
Zurich,
Switzerland
| $278K | +$163K | +2,958 | +162% |
|
|
VF
7
Virtu Financial
New York
| – | -$3.53M | -71,309 | Closed |
|
|
8
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$420K | -8,497 | Closed |
|
|
TRCT
9
Tower Research Capital (TRC)
New York
| – | -$1K | -29 | Closed |
|
DGLD Hedge Fund Activity: Q3 2018 in Review
7 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER (DGLD) for Q3 2018, worth a combined $15M — down 8.5% from $16.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of DGLD and 1 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Credit Suisse, adding an estimated $2.76M. The largest seller was Virtu Financial, exiting entirely with an estimated $3.53M sold.
- 7 institutional investors held VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER (DGLD) as of Q3 2018, down from 9 in Q2 2018.
- Funds reported $15M of VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER stock for Q3 2018, down 8.5% quarter-over-quarter.
- 1 fund opened new VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER positions in Q3 2018 and 3 closed out, a net change of -2 holders.
- The largest VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER buyer in Q3 2018 was Credit Suisse, an estimated $2.76M added.
- The largest VelocitySharesTM 3x Inverse Gold ETN linked to the S&P GSCI Gold Index ER seller in Q3 2018 was Virtu Financial, an estimated $3.53M sold.
Based on aggregated 13F filings for Q3 2018.