VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
12 hedge funds and large institutions have $12.8M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
33% more funds holding
Funds holding: 9 → 12 (+3)
7% less capital invested
Capital invested by funds: $13.8M → $12.8M (-$979K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$483K |
| 2 |
BP
Ballentine Partners
Waltham,
Massachusetts
|
+$480K |
| 3 |
PIMG
Patriot Investment Management Group
Knoxville,
Tennessee
|
+$244K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$158K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$100K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$2.41M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$716K |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$66.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Credit Suisse
Zurich,
Switzerland
| $10.6M | – | – | – |
|
|
2
Jane Street
New York
| $511K | +$483K | +3,627 | New |
|
|
BP
3
Ballentine Partners
Waltham,
Massachusetts
| $507K | +$480K | +3,605 | New |
|
|
OA
4
Oxbow Advisors
Austin,
Texas
| $282K | – | – | – |
|
|
PIMG
5
Patriot Investment Management Group
Knoxville,
Tennessee
| $257K | +$244K | +1,828 | New |
|
|
TMC
6
Trellus Management Company
Delray Beach,
Florida
| $253K | -$66.6K | -500 | -22% |
|
|
7
UBS Group
Zurich,
Switzerland
| $167K | +$158K | +1,189 | New |
|
|
IA
8
IFP Advisors
Tampa,
Florida
| $122K | +$100K | +753 | +584% |
|
|
AP
9
Advisors Preferred
Rockville,
Maryland
| $51K | +$18.3K | +137 | +62% |
|
|
AA
10
Ancora Advisors
Cleveland,
Ohio
| $7K | +$6.66K | +50 | New |
|
|
LTFS
11
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | – | – | – |
|
12
Morgan Stanley
New York
| $3K | – | – | – |
|
|
VF
13
Virtu Financial
New York
| – | -$2.41M | -18,193 | Closed |
|
|
14
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$716K | -5,398 | Closed |
|
UGLD Hedge Fund Activity: Q4 2019 in Review
12 of the 5,076 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 2019, worth a combined $12.8M — down 7.1% from $13.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new UGLD positions and 2 closed out — a net gain of 3 holders — while 2 added to existing stakes and 1 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $483K. The largest seller was Virtu Financial, exiting entirely with an estimated $2.41M sold.
- 12 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q4 2019, up from 9 in Q3 2019.
- Funds reported $12.8M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q4 2019, down 7.1% quarter-over-quarter.
- 5 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q4 2019 and 2 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 Q4 2019 was Jane Street, an estimated $483K added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q4 2019 was Virtu Financial, an estimated $2.41M sold.
Based on aggregated 13F filings for Q4 2019.