VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
14 hedge funds and large institutions have $24.5M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 7 closing their positions.
22% more capital invested
Capital invested by funds: $20M → $24.5M (+$4.46M)
13% less funds holding
Funds holding: 16 → 14 (-2)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.19M |
| 2 |
SG Americas Securities
New York
|
+$1.9M |
| 3 |
HF
HRT Financial
New York
|
+$316K |
| 4 |
Jane Street
New York
|
+$20.2K |
| 5 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$8.51K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$1.1M |
| 2 |
Millennium Management
New York
|
-$949K |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$727K |
| 4 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$550K |
| 5 |
Renaissance Technologies
New York
|
-$435K |
UGLD Hedge Fund Activity: Q4 2018 in Review
14 of the 4,489 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 Q4 2018, worth a combined $24.5M — up 22% from $20M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of UGLD and 5 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 3 added.
The largest buyer was UBS Group, adding an estimated $2.19M. The largest seller was KGH Ltd, cutting an estimated $1.1M.
- 14 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q4 2018, down from 16 in Q3 2018.
- Funds reported $24.5M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q4 2018, up 22% quarter-over-quarter.
- 5 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q4 2018 and 7 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 Q4 2018 was UBS Group, an estimated $2.19M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q4 2018 was KGH Ltd, an estimated $1.1M sold.
Based on aggregated 13F filings for Q4 2018.