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.
14 hedge funds and large institutions have $61.9M invested in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 12 closing their positions.
18% less funds holding
Funds holding: 17 → 14 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
82% less capital invested
Capital invested by funds: $336M → $61.9M (-$274M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$5.1M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$3.62M |
| 3 |
Renaissance Technologies
New York
|
+$2.14M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$1.2M |
| 5 |
EWM
Edge Wealth Management
New York
|
+$217K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$312M |
| 2 |
Jane Street
New York
|
-$25.2M |
| 3 |
HF
HRT Financial
New York
|
-$7.32M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.12M |
| 5 |
Goldman Sachs
New York
|
-$1.73M |
UGAZ Hedge Fund Activity: Q4 2018 in Review
14 of the 4,505 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 Q4 2018, worth a combined $61.9M — down 82% from $336M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of UGAZ and 9 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $5.1M. The largest seller was Credit Suisse, cutting an estimated $312M.
- 14 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 Q4 2018, down from 17 in Q3 2018.
- Funds reported $61.9M of VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 stock for Q4 2018, down 82% quarter-over-quarter.
- 9 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 Q4 2018 and 12 closed out, a net change of -3 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 Q4 2018 was Flow Traders U.S., an estimated $5.1M 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 Q4 2018 was Credit Suisse, an estimated $312M sold.
Based on aggregated 13F filings for Q4 2018.