VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
17 hedge funds and large institutions have $18.6M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 6 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
18% more capital invested
Capital invested by funds: $15.8M → $18.6M (+$2.78M)
13% more funds holding
Funds holding: 15 → 17 (+2)
83% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.39M |
| 2 |
SG Americas Securities
New York
|
+$653K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$506K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$448K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$115K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$707K |
| 2 |
Jane Street
New York
|
-$235K |
| 3 |
Millennium Management
New York
|
-$199K |
| 4 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$153K |
| 5 |
Morgan Stanley
New York
|
-$105K |
UGLD Hedge Fund Activity: Q3 2017 in Review
17 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 Q3 2017, worth a combined $18.6M — up 18% from $15.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new UGLD positions and 3 closed out — a net gain of 2 holders — while 1 added to existing stakes and 6 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.39M. The largest seller was KGH Ltd, cutting an estimated $707K.
- 17 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q3 2017, up from 15 in Q2 2017.
- Funds reported $18.6M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q3 2017, up 18% quarter-over-quarter.
- 5 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q3 2017 and 3 closed out, a net change of +2 holders.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER buyer in Q3 2017 was Virtu Financial, an estimated $1.39M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q3 2017 was KGH Ltd, an estimated $707K sold.
Based on aggregated 13F filings for Q3 2017.