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 $11M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2018 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 7 closing their positions.
5.57% less ownership
Funds ownership: 17.05% → 11.48% (-5.6%)
25% less funds holding
Funds holding: 20 → 15 (-5)
45% less capital invested
Capital invested by funds: $19.9M → $11M (-$8.91M)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$275K |
| 2 |
XS
XR Securities
Chicago,
Illinois
|
+$199K |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$8.4K |
| 4 |
LF
Lee Financial
Dallas,
Texas
|
+$1.19K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$2.49M |
| 2 |
Jane Street
New York
|
-$1.39M |
| 3 |
Millennium Management
New York
|
-$736K |
| 4 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$628K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$470K |
UGLD Hedge Fund Activity: Q2 2018 in Review
15 of the 4,385 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 2018, worth a combined $11M — down 45% from $19.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of UGLD and 2 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Trellus Management Company, adding an estimated $275K. The largest seller was Virtu Financial, exiting entirely with an estimated $2.49M sold.
- 15 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q2 2018, down from 20 in Q1 2018.
- Funds reported $11M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q2 2018, down 45% quarter-over-quarter.
- 2 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q2 2018 and 7 closed out, a net change of -5 holders.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER buyer in Q2 2018 was Trellus Management Company, an estimated $275K added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q2 2018 was Virtu Financial, an estimated $2.49M sold.
Based on aggregated 13F filings for Q2 2018.