VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
16 hedge funds and large institutions have $20M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 5 closing their positions.
82% more capital invested
Capital invested by funds: $11M → $20M (+$9.02M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
7% more funds holding
Funds holding: 15 → 16 (+1)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
+$6.4M |
| 2 |
Millennium Management
New York
|
+$4.89M |
| 3 |
Renaissance Technologies
New York
|
+$463K |
| 4 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$393K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$138K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$562K |
| 2 |
XS
XR Securities
Chicago,
Illinois
|
-$173K |
| 3 |
RA
Rational Advisors
Huntington,
New York
|
-$114K |
| 4 |
RIA
RPG Investment Advisory
Pleasanton,
California
|
-$70.6K |
| 5 |
Morgan Stanley
New York
|
-$26K |
UGLD Hedge Fund Activity: Q3 2018 in Review
16 of the 4,375 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 2018, worth a combined $20M — up 82% from $11M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new UGLD positions and 5 closed out — a net gain of 1 holder — while 3 added to existing stakes and 3 trimmed.
The largest buyer was KGH Ltd, adding an estimated $6.4M. The largest seller was SG Americas Securities, exiting entirely with an estimated $562K sold.
- 16 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q3 2018, up from 15 in Q2 2018.
- Funds reported $20M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q3 2018, up 82% quarter-over-quarter.
- 6 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q3 2018 and 5 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 Q3 2018 was KGH Ltd, an estimated $6.4M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q3 2018 was SG Americas Securities, an estimated $562K sold.
Based on aggregated 13F filings for Q3 2018.