VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
12 hedge funds and large institutions have $6.12M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 1 closing their positions.
626% more capital invested
Capital invested by funds: $843K → $6.12M (+$5.28M)
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
100% more funds holding
Funds holding: 6 → 12 (+6)
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.55M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$768K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$594K |
| 4 |
VF
Virtu Financial
New York
|
+$465K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$250K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$233K |
| 2 |
JT
Jump Trading
Chicago,
Illinois
|
-$185K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $2.79M | +$2.55M | +25,000 | New |
|
|
FTUS
2
Flow Traders U.S.
New York
| $842K | +$768K | +7,521 | New |
|
|
3
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $651K | +$594K | +5,812 | New |
|
|
VF
4
Virtu Financial
New York
| $509K | +$465K | +4,552 | New |
|
5
Jane Street
New York
| $478K | +$39.3K | +385 | +10% |
|
|
OMC
6
Old Mission Capital
Chicago,
Illinois
| $274K | +$250K | +2,452 | New |
|
|
JT
7
Jump Trading
Chicago,
Illinois
| $223K | -$185K | -1,807 | -48% |
|
|
SPC
8
Sigma Planning Corp
Ann Arbor,
Michigan
| $166K | +$152K | +1,485 | New |
|
9
Citigroup
New York
| $116K | +$106K | +1,040 | New |
|
10
Creative Planning
Overland Park,
Kansas
| $39K | – | – | – |
|
|
AP
11
Advisors Preferred
Rockville,
Maryland
| $25K | +$1.63K | +16 | +8% |
|
|
LTFS
12
Ladenburg Thalmann Financial Services
Miami,
Florida
| $4K | – | – | – |
|
|
13
Morgan Stanley
New York
| – | -$233K | -3,158 | Closed |
|
UGLD Hedge Fund Activity: Q1 2016 in Review
12 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) for Q1 2016, worth a combined $6.12M — up 626% from $843K a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new UGLD positions and 1 closed out — a net gain of 6 holders — while 2 added to existing stakes and 1 trimmed.
The largest buyer was Credit Suisse, opening a new position worth an estimated $2.55M. The largest seller was Morgan Stanley, exiting entirely with an estimated $233K sold.
- 12 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q1 2016, up from 6 in Q4 2015.
- Funds reported $6.12M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q1 2016, up 626% quarter-over-quarter.
- 7 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q1 2016 and 1 closed out, a net change of +6 holders.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER buyer in Q1 2016 was Credit Suisse, an estimated $2.55M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q1 2016 was Morgan Stanley, an estimated $233K sold.
Based on aggregated 13F filings for Q1 2016.