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.
21 hedge funds and large institutions have $82.7M invested in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 4 increasing their positions, 2 reducing their positions, and 6 closing their positions.
1,210% more capital inflows, than outflows
Capital inflows: $103M | Capital outflows: $7.83M
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
100% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 2
50% more funds holding
Funds holding: 14 → 21 (+7)
6.32% more ownership
Funds ownership: 3.15% → 9.47% (+6.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Suisse
Zurich,
Switzerland
|
+$63.3M |
| 2 |
Jane Street
New York
|
+$18.3M |
| 3 |
HRT Financial
New York
|
+$11.3M |
| 4 |
XS
XR Securities
Chicago,
Illinois
|
+$4.92M |
| 5 |
VF
Virtu Financial
New York
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$6.57M |
| 2 |
Renaissance Technologies
New York
|
-$785K |
| 3 |
JT
Jump Trading
Chicago,
Illinois
|
-$216K |
| 4 |
HSBC Holdings
London,
United Kingdom
|
-$146K |
| 5 |
Tower Research Capital (TRC)
New York
|
-$60.8K |
UGAZ Hedge Fund Activity: Q4 2019 in Review
21 of the 5,094 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 2019, worth a combined $82.7M — up 50% from $55.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new UGAZ positions and 6 closed out — a net gain of 7 holders — while 4 added to existing stakes and 2 trimmed.
The largest buyer was Credit Suisse, adding an estimated $63.3M. The largest seller was Bank of Montreal, exiting entirely with an estimated $6.57M sold.
- 21 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 2019, up from 14 in Q3 2019.
- Funds reported $82.7M of VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 stock for Q4 2019, up 50% quarter-over-quarter.
- 13 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 2019 and 6 closed out, a net change of +7 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 2019 was Credit Suisse, an estimated $63.3M 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 2019 was Bank of Montreal, an estimated $6.57M sold.
Based on aggregated 13F filings for Q4 2019.