VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
9 hedge funds and large institutions have $13.8M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
4.19% less ownership
Funds ownership: 14.36% → 10.18% (-4.2%)
22% less capital invested
Capital invested by funds: $17.6M → $13.8M (-$3.87M)
36% less funds holding
Funds holding: 14 → 9 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.77M |
| 2 |
VF
Virtu Financial
New York
|
+$2.46M |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
+$311K |
| 4 |
AP
Advisors Preferred
Rockville,
Maryland
|
+$14.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$6.08M |
| 2 |
XS
XR Securities
Chicago,
Illinois
|
-$2.57M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.07M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$1.57M |
| 5 |
Jane Street
New York
|
-$695K |
UGLD Hedge Fund Activity: Q3 2019 in Review
9 of the 4,574 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 2019, worth a combined $13.8M — down 22% from $17.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of UGLD and 3 opened new positions — a net loss of 5 holders — while 1 trimmed existing stakes and 2 added.
The largest buyer was Credit Suisse, adding an estimated $6.77M. The largest seller was KGH Ltd, exiting entirely with an estimated $6.08M sold.
- 9 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q3 2019, down from 14 in Q2 2019.
- Funds reported $13.8M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q3 2019, down 22% quarter-over-quarter.
- 3 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q3 2019 and 8 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 Q3 2019 was Credit Suisse, an estimated $6.77M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q3 2019 was KGH Ltd, an estimated $6.08M sold.
Based on aggregated 13F filings for Q3 2019.