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 $259M invested in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 in 2018 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 14 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
4% more capital invested
Capital invested by funds: $249M → $259M (+$10.1M)
42% less funds holding
Funds holding: 26 → 15 (-11)
79% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 14
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
|
+$112M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$6.06M |
| 3 |
Renaissance Technologies
New York
|
+$685K |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
+$658K |
| 5 |
HF
HRT Financial
New York
|
+$645K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$19.3M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$13.9M |
| 4 |
VF
Virtu Financial
New York
|
-$1.26M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1.12M |
UGAZ Hedge Fund Activity: Q1 2018 in Review
15 of the 4,373 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 2018, worth a combined $259M — up 4.1% from $249M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of UGAZ and 3 opened new positions — a net loss of 11 holders — while 4 trimmed existing stakes and 6 added.
The largest buyer was Credit Suisse, adding an estimated $112M. The largest seller was Jane Street, cutting an estimated $19.3M.
- 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 2018, down from 26 in Q4 2017.
- Funds reported $259M of VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 stock for Q1 2018, up 4.1% quarter-over-quarter.
- 3 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 2018 and 14 closed out, a net change of -11 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 2018 was Credit Suisse, an estimated $112M 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 2018 was Jane Street, an estimated $19.3M sold.
Based on aggregated 13F filings for Q1 2018.