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 $17.6M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 5 closing their positions.
3% less capital invested
Capital invested by funds: $18.3M → $17.6M (-$630K)
4.52% less ownership
Funds ownership: 18.88% → 14.36% (-4.5%)
18% less funds holding
Funds holding: 17 → 14 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
XS
XR Securities
Chicago,
Illinois
|
+$1.79M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.19M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$287K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
+$195K |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$136K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.83M |
| 2 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$2.35M |
| 3 |
VF
Virtu Financial
New York
|
-$1.78M |
| 4 |
Jane Street
New York
|
-$818K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$114K |
UGLD Hedge Fund Activity: Q2 2019 in Review
14 of the 4,625 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 2019, worth a combined $17.6M — down 3.4% from $18.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of UGLD and 3 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 3 added.
The largest buyer was XR Securities, adding an estimated $1.79M. The largest seller was Millennium Management, cutting an estimated $2.83M.
- 14 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q2 2019, down from 17 in Q1 2019.
- Funds reported $17.6M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q2 2019, down 3.4% quarter-over-quarter.
- 3 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q2 2019 and 5 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 Q2 2019 was XR Securities, an estimated $1.79M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q2 2019 was Millennium Management, an estimated $2.83M sold.
Based on aggregated 13F filings for Q2 2019.