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.
15 hedge funds and large institutions have $49.5M invested in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
36% more funds holding
Funds holding: 11 → 15 (+4)
35% less capital invested
Capital invested by funds: $76.7M → $49.5M (-$27.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$11.8M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$5.64M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$3.58M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$760K |
| 5 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
+$288K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$2.56M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.22M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.28M |
| 4 |
Jane Street
New York
|
-$829K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$672K |
UGAZ Hedge Fund Activity: Q1 2017 in Review
15 of the 4,017 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 2017, worth a combined $49.5M — down 35% from $76.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new UGAZ positions and 3 closed out — a net gain of 4 holders — while 5 added to existing stakes and 3 trimmed.
The largest buyer was Credit Suisse, adding an estimated $11.8M. The largest seller was Virtu Financial, exiting entirely with an estimated $2.56M sold.
- 15 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 2017, up from 11 in Q4 2016.
- Funds reported $49.5M of VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 stock for Q1 2017, down 35% quarter-over-quarter.
- 7 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 2017 and 3 closed out, a net change of +4 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 2017 was Credit Suisse, an estimated $11.8M 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 2017 was Virtu Financial, an estimated $2.56M sold.
Based on aggregated 13F filings for Q1 2017.