ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN
MORL
MORL was delisted on the 24th of March, 2020.
20 hedge funds and large institutions have $17M invested in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 5 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
26% more capital invested
Capital invested by funds: $13.5M → $17M (+$3.53M)
11% more funds holding
Funds holding: 18 → 20 (+2)
0.53% more ownership
Funds ownership: 3.06% → 3.58% (+0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$3.32M |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$970K |
| 3 |
Renaissance Technologies
New York
|
+$815K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$296K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$1M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$234K |
| 3 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
-$159K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$53K |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$41.7K |
MORL Hedge Fund Activity: Q3 2018 in Review
20 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) for Q3 2018, worth a combined $17M — up 26% from $13.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new MORL positions and 5 closed out — a net gain of 3 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Jane Street, adding an estimated $3.32M. The largest seller was Kovack Advisors, exiting entirely with an estimated $1M sold.
- 20 institutional investors held ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) as of Q3 2018, up from 18 in Q2 2018.
- Funds reported $17M of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN stock for Q3 2018, up 26% quarter-over-quarter.
- 8 funds opened new ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN positions in Q3 2018 and 5 closed out, a net change of +3 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN buyer in Q3 2018 was Jane Street, an estimated $3.32M added.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN seller in Q3 2018 was Kovack Advisors, an estimated $1M sold.
Based on aggregated 13F filings for Q3 2018.