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 $18.3M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2019 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
21% more funds holding
Funds holding: 14 → 17 (+3)
25% less capital invested
Capital invested by funds: $24.5M → $18.3M (-$6.22M)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.85M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$1.15M |
| 3 |
Jane Street
New York
|
+$1.15M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$843K |
| 5 |
XS
XR Securities
Chicago,
Illinois
|
+$294K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.5M |
| 3 |
SG Americas Securities
New York
|
-$2.13M |
| 4 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$2.05M |
| 5 |
RIA
RPG Investment Advisory
Pleasanton,
California
|
-$904K |
UGLD Hedge Fund Activity: Q1 2019 in Review
17 of the 4,621 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 Q1 2019, worth a combined $18.3M — down 25% from $24.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new UGLD positions and 4 closed out — a net gain of 3 holders — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.85M. The largest seller was Millennium Management, cutting an estimated $3.7M.
- 17 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q1 2019, up from 14 in Q4 2018.
- Funds reported $18.3M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q1 2019, down 25% quarter-over-quarter.
- 7 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q1 2019 and 4 closed out, a net change of +3 holders.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER buyer in Q1 2019 was Virtu Financial, an estimated $1.85M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q1 2019 was Millennium Management, an estimated $3.7M sold.
Based on aggregated 13F filings for Q1 2019.