VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2
UGAZ
UGAZ was delisted on the 10th of July, 2020.
10 hedge funds and large institutions have $58.6M invested in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 16 closing their positions.
54% more capital invested
Capital invested by funds: $38.1M → $58.6M (+$20.5M)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
55% less funds holding
Funds holding: 22 → 10 (-12)
75% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$42.5M |
| 2 |
Jane Street
New York
|
+$23.8M |
| 3 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$945K |
| 4 |
Citigroup
New York
|
+$209K |
| 5 |
FWM
Focused Wealth Management
Newburgh,
New York
|
+$38.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$3.57M |
| 2 |
VF
Virtu Financial
New York
|
-$1.47M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.12M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$388K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$216K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWM
26
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$26K | -4 | Closed |
|
27
Morgan Stanley
New York
| – | -$21K | -3 | Closed |
|
UGAZ Hedge Fund Activity: Q1 2016 in Review
10 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 (UGAZ) for Q1 2016, worth a combined $58.6M — up 54% from $38.1M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of UGAZ and 4 opened new positions — a net loss of 12 holders — while 3 trimmed existing stakes and 3 added.
The largest buyer was Credit Suisse, adding an estimated $42.5M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $3.57M sold.
- 10 institutional investors held VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 (UGAZ) as of Q1 2016, down from 22 in Q4 2015.
- Funds reported $58.6M of VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 stock for Q1 2016, up 54% quarter-over-quarter.
- 4 funds opened new VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 positions in Q1 2016 and 16 closed out, a net change of -12 holders.
- The largest VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 buyer in Q1 2016 was Credit Suisse, an estimated $42.5M added.
- The largest VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 seller in Q1 2016 was Flow Traders U.S., an estimated $3.57M sold.
Based on aggregated 13F filings for Q1 2016.