VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
14 hedge funds and large institutions have $22.6M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 4 closing their positions.
38% more capital invested
Capital invested by funds: $16.4M → $22.6M (+$6.17M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
8% more funds holding
Funds holding: 13 → 14 (+1)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$985K |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$915K |
| 3 |
Jane Street
New York
|
+$840K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$372K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
+$197K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$757K |
| 2 |
Creative Planning
Overland Park,
Kansas
|
-$125K |
| 3 |
RIA
RPG Investment Advisory
Pleasanton,
California
|
-$114K |
| 4 |
Millennium Management
New York
|
-$70.7K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$51K |
UGLD Hedge Fund Activity: Q1 2017 in Review
14 of the 4,018 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 2017, worth a combined $22.6M — up 38% from $16.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new UGLD positions and 4 closed out — a net gain of 1 holder — while 3 added to existing stakes and 5 trimmed.
The largest buyer was Credit Suisse, adding an estimated $985K. The largest seller was KGH Ltd, cutting an estimated $757K.
- 14 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q1 2017, up from 13 in Q4 2016.
- Funds reported $22.6M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q1 2017, up 38% quarter-over-quarter.
- 5 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q1 2017 and 4 closed out, a net change of +1 holder.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER buyer in Q1 2017 was Credit Suisse, an estimated $985K added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q1 2017 was KGH Ltd, an estimated $757K sold.
Based on aggregated 13F filings for Q1 2017.