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UGLD

VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD

Delisted

UGLD was delisted on the 2nd of July, 2020.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
15
Holders Change
-5
Holders Change %
-25%
% of All Funds
0.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
6
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TMC
Trellus Management Company
Florida
+$275K
2
XS
XR Securities
Illinois
+$199K
3
AP
Advisors Preferred
Maryland
+$8.4K
4
LF
Lee Financial
Texas
+$1.19K

Top Sellers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
-$2.49M
2
Jane Street
Jane Street
New York
-$1.39M
3
Millennium Management
Millennium Management
New York
-$736K
4
KL
KGH Ltd
Bahamas
-$628K
5
OMC
Old Mission Capital
Illinois
-$470K
Name Holding Trade Value Shares
Change 		Change in
Stake
KL
1
KGH Ltd
Bahamas
$2.96M -$628K -5,833 -16%
CS
2
Credit Suisse
Switzerland
$2.39M -$5.39K -50 -0.2%
Millennium Management
3
Millennium Management
New York
$2.23M -$736K -6,828 -22%
RIA
4
RPG Investment Advisory
California
$1.04M -$196K -1,815 -14%
CA
5
Commerzbank Aktiengesellschaft
Germany
$656K – – –
SG Americas Securities
6
SG Americas Securities
New York
$562K – – –
TMC
7
Trellus Management Company
Florida
$426K +$275K +2,550 +128%
Jane Street
8
Jane Street
New York
$218K -$1.39M -12,877 -85%
OA
9
Oxbow Advisors
Texas
$187K – – –
XS
10
XR Securities
Illinois
$173K +$199K +1,852 New
RA
11
Rational Advisors
New York
$114K – – –
Morgan Stanley
12
Morgan Stanley
New York
$26K -$58.3K -541 -66%
AP
13
Advisors Preferred
Maryland
$21K +$8.4K +78 +53%
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$4K – – –
LF
15
Lee Financial
Texas
$1K +$1.19K +11 New
VF
16
Virtu Financial
New York
– -$2.49M -21,830 Closed
OMC
17
Old Mission Capital
Illinois
– -$470K -4,122 Closed
FTUS
18
Flow Traders U.S.
New York
– -$345K -3,026 Closed
PP
19
Prudential plc
United Kingdom
– -$338K -2,960 Closed
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
– -$132K -1,160 Closed
UBS Group
21
UBS Group
Switzerland
– -$47K -416 Closed
TRCT
22
Tower Research Capital (TRC)
New York
– -$7K -58 Closed

UGLD Hedge Fund Activity: Q2 2018 in Review

15 of the 4,369 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.