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 $55.1M invested in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 in 2019 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 13 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
1% less capital invested
Capital invested by funds: $55.5M → $55.1M (-$465K)
30% less funds holding
Funds holding: 20 → 14 (-6)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
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
|
+$19.2M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.21M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.74M |
| 4 |
Renaissance Technologies
New York
|
+$862K |
| 5 |
JT
Jump Trading
Chicago,
Illinois
|
+$237K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$8.61M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$6.83M |
| 3 |
HF
HRT Financial
New York
|
-$2.96M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$1.34M |
| 5 |
XS
XR Securities
Chicago,
Illinois
|
-$1.1M |
UGAZ Hedge Fund Activity: Q3 2019 in Review
14 of the 4,574 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 Q3 2019, worth a combined $55.1M — down 0.84% from $55.5M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of UGAZ and 7 opened new positions — a net loss of 6 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Credit Suisse, adding an estimated $19.2M. The largest seller was Jane Street, exiting entirely with an estimated $8.61M sold.
- 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 Q3 2019, down from 20 in Q2 2019.
- Funds reported $55.1M of VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 stock for Q3 2019, down 0.84% 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 Q3 2019 and 13 closed out, a net change of -6 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 Q3 2019 was Credit Suisse, an estimated $19.2M 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 Q3 2019 was Jane Street, an estimated $8.61M sold.
Based on aggregated 13F filings for Q3 2019.