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.
17 hedge funds and large institutions have $32.2M invested in VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 2 increasing their positions, 0 reducing their positions, and 13 closing their positions.
0.69% more ownership
Funds ownership: 9.47% → 10.16% (+0.69%)
6% less capital inflows, than outflows
Capital inflows: $21.3M | Capital outflows: $22.7M
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
19% less funds holding
Funds holding: 21 → 17 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
GMT Capital
Atlanta,
Georgia
|
+$15.4M |
| 2 |
Morgan Stanley
New York
|
+$3.21M |
| 3 |
Renaissance Technologies
New York
|
+$2.59M |
| 4 |
BCM
Blume Capital Management
Berkeley,
California
|
+$23.9K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$22.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$10.6M |
| 2 |
HRT Financial
New York
|
-$6.53M |
| 3 |
XS
XR Securities
Chicago,
Illinois
|
-$2.84M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.04M |
| 5 |
TSS
Two Sigma Securities
New York
|
-$366K |
UGAZ Hedge Fund Activity: Q1 2020 in Review
17 of the 4,549 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 2020, worth a combined $32.2M — down 61% from $82.7M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of UGAZ and 11 opened new positions — a net loss of 2 holders — while 0 trimmed existing stakes and 2 added.
The largest buyer was GMT Capital, opening a new position worth an estimated $15.4M. The largest seller was Jane Street, exiting entirely with an estimated $10.6M sold.
- 17 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 2020, down from 21 in Q4 2019.
- Funds reported $32.2M of VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2 stock for Q1 2020, down 61% quarter-over-quarter.
- 11 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 2020 and 13 closed out, a net change of -2 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 2020 was GMT Capital, an estimated $15.4M 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 2020 was Jane Street, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2020.