MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038
FNGD
9 hedge funds and large institutions have $7.6M invested in MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 6 closing their positions.
0.56% more ownership
Funds ownership: 0.11% → 0.67% (+0.56%)
25% less funds holding
Funds holding: 12 → 9 (-3)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
56% less capital invested
Capital invested by funds: $17.3M → $7.6M (-$9.65M)
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
Miami,
Florida
|
+$5.97M |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$1.68M |
| 3 |
Jane Street
New York
|
+$1.2M |
| 4 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
+$52.4K |
| 5 |
HT
Headlands Technologies
Chicago,
Illinois
|
+$26K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
-$8.88M |
| 2 |
FIA
FNY Investment Advisers
New York
|
-$2.19M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.63M |
| 4 |
PWM
Prosperity Wealth Management
San Ramon,
California
|
-$764K |
| 5 |
Morgan Stanley
New York
|
-$583K |
FNGD Hedge Fund Activity: Q1 2024 in Review
9 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD) for Q1 2024, worth a combined $7.6M — down 56% from $17.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FNGD and 4 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was GTS Securities, opening a new position worth an estimated $5.97M. The largest seller was HRT Financial, exiting entirely with an estimated $8.88M sold.
- 9 institutional investors held MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD) as of Q1 2024, down from 12 in Q4 2023.
- Funds reported $7.6M of MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 stock for Q1 2024, down 56% quarter-over-quarter.
- 4 funds opened new MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 positions in Q1 2024 and 6 closed out, a net change of -2 holders.
- The largest MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 buyer in Q1 2024 was GTS Securities, an estimated $5.97M added.
- The largest MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 seller in Q1 2024 was HRT Financial, an estimated $8.88M sold.
Based on aggregated 13F filings for Q1 2024.