VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
15 hedge funds and large institutions have $15.8M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2017 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
7% more funds holding
Funds holding: 14 → 15 (+1)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
30% less capital invested
Capital invested by funds: $22.6M → $15.8M (-$6.81M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$739K |
| 2 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$161K |
| 3 |
Morgan Stanley
New York
|
+$156K |
| 4 |
FWM
Focused Wealth Management
Newburgh,
New York
|
+$2.64K |
| 5 |
FANJ
Financial Architects (New Jersey)
Marlton,
New Jersey
|
+$2.11K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$3.24M |
| 2 |
Millennium Management
New York
|
-$2.32M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$1.07M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$392K |
| 5 |
Jane Street
New York
|
-$355K |
UGLD Hedge Fund Activity: Q2 2017 in Review
15 of the 4,012 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 Q2 2017, worth a combined $15.8M — down 30% from $22.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new UGLD positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 4 trimmed.
The largest buyer was Commerzbank Aktiengesellschaft, opening a new position worth an estimated $739K. The largest seller was KGH Ltd, cutting an estimated $3.24M.
- 15 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q2 2017, up from 14 in Q1 2017.
- Funds reported $15.8M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q2 2017, down 30% quarter-over-quarter.
- 3 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q2 2017 and 2 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 Q2 2017 was Commerzbank Aktiengesellschaft, an estimated $739K added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q2 2017 was KGH Ltd, an estimated $3.24M sold.
Based on aggregated 13F filings for Q2 2017.