VelocityShares Daily 2x VIX Short Term ETN
TVIX
TVIX was delisted on the 2nd of July, 2020.
28 hedge funds and large institutions have $331M invested in VelocityShares Daily 2x VIX Short Term ETN in 2019 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 2 reducing their positions, and 21 closing their positions.
650% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 2
25% less capital invested
Capital invested by funds: $440M → $331M (-$108M)
30% less funds holding
Funds holding: 40 → 28 (-12)
57% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$103M |
| 2 |
SG Americas Securities
New York
|
+$49.5M |
| 3 |
Morgan Stanley
New York
|
+$29.9M |
| 4 |
Millennium Management
New York
|
+$27.6M |
| 5 |
JP Morgan Chase
New York
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
-$3.21M |
| 2 |
Barclays
London,
United Kingdom
|
-$3.1M |
| 3 |
VF
Virtu Financial
New York
|
-$1.68M |
| 4 |
RA
Rational Advisors
Huntington,
New York
|
-$1.36M |
| 5 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$963K |
TVIX Hedge Fund Activity: Q4 2019 in Review
28 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in VelocityShares Daily 2x VIX Short Term ETN (TVIX) for Q4 2019, worth a combined $331M — down 25% from $440M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of TVIX and 9 opened new positions — a net loss of 12 holders — while 2 trimmed existing stakes and 15 added.
The largest buyer was Credit Suisse, adding an estimated $103M. The largest seller was Tuttle Capital Management, exiting entirely with an estimated $3.21M sold.
- 28 institutional investors held VelocityShares Daily 2x VIX Short Term ETN (TVIX) as of Q4 2019, down from 40 in Q3 2019.
- Funds reported $331M of VelocityShares Daily 2x VIX Short Term ETN stock for Q4 2019, down 25% quarter-over-quarter.
- 9 funds opened new VelocityShares Daily 2x VIX Short Term ETN positions in Q4 2019 and 21 closed out, a net change of -12 holders.
- The largest VelocityShares Daily 2x VIX Short Term ETN buyer in Q4 2019 was Credit Suisse, an estimated $103M added.
- The largest VelocityShares Daily 2x VIX Short Term ETN seller in Q4 2019 was Tuttle Capital Management, an estimated $3.21M sold.
Based on aggregated 13F filings for Q4 2019.