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 |
UGLD Hedge Fund Activity: Q1 2016 in Review
12 of the 3,767 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.