ProShares Ultra Gold
UGL
17 hedge funds and large institutions have $16.7M invested in ProShares Ultra Gold in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, increasing their positions, 3 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
45% more call options, than puts
Call options by funds: $3.59M | Put options by funds: $2.48M
21% more funds holding
Funds holding: 14 → 17 (+3)
44.5% less ownership
Funds ownership: 83.16% → 38.65% (-45%)
46% less capital invested
Capital invested by funds: $30.6M → $16.7M (-$14M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$7M |
| 2 |
JT
Jump Trading
Chicago,
Illinois
|
+$857K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$374K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$310K |
| 5 |
Morgan Stanley
New York
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$24.5M |
| 2 |
Goldman Sachs
New York
|
-$2.79M |
| 3 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$446K |
| 4 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$57K |
| 5 |
LPL Financial
San Diego,
California
|
-$54.5K |
UGL Hedge Fund Activity: Q3 2013 in Review
17 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in ProShares Ultra Gold (UGL) for Q3 2013, worth a combined $16.7M — down 46% from $30.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new UGL positions and 5 closed out — a net gain of 3 holders — while 0 added to existing stakes and 3 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $7M. The largest seller was Bank of America, cutting an estimated $24.5M.
- 17 institutional investors held ProShares Ultra Gold (UGL) as of Q3 2013, up from 14 in Q2 2013.
- Funds reported $16.7M of ProShares Ultra Gold stock for Q3 2013, down 46% quarter-over-quarter.
- 8 funds opened new ProShares Ultra Gold positions in Q3 2013 and 5 closed out, a net change of +3 holders.
- The largest ProShares Ultra Gold buyer in Q3 2013 was Susquehanna International Group, an estimated $7M added.
- The largest ProShares Ultra Gold seller in Q3 2013 was Bank of America, an estimated $24.5M sold.
Based on aggregated 13F filings for Q3 2013.