ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN
MORL
MORL was delisted on the 24th of March, 2020.
18 hedge funds and large institutions have $5.96M invested in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
1.89% less ownership
Funds ownership: 3.32% → 1.43% (-1.9%)
18% less funds holding
Funds holding: 22 → 18 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
59% less capital invested
Capital invested by funds: $14.4M → $5.96M (-$8.41M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$56.3K |
| 2 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
+$25.4K |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
+$13.8K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$4.94K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
-$7.26M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$612K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$238K |
| 4 |
Renaissance Technologies
New York
|
-$146K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$32.5K |
MORL Hedge Fund Activity: Q3 2019 in Review
18 of the 4,575 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) for Q3 2019, worth a combined $5.96M — down 59% from $14.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of MORL and 3 opened new positions — a net loss of 4 holders — while 1 trimmed existing stakes and 2 added.
The largest buyer was Jane Street, adding an estimated $56.3K. The largest seller was Creative Planning, exiting entirely with an estimated $7.26M sold.
- 18 institutional investors held ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) as of Q3 2019, down from 22 in Q2 2019.
- Funds reported $5.96M of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN stock for Q3 2019, down 59% quarter-over-quarter.
- 3 funds opened new ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN positions in Q3 2019 and 7 closed out, a net change of -4 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN buyer in Q3 2019 was Jane Street, an estimated $56.3K added.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN seller in Q3 2019 was Creative Planning, an estimated $7.26M sold.
Based on aggregated 13F filings for Q3 2019.