VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER
UGLD
UGLD was delisted on the 2nd of July, 2020.
13 hedge funds and large institutions have $18M invested in VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 5 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
41% more capital invested
Capital invested by funds: $12.8M → $18M (+$5.21M)
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
8% more funds holding
Funds holding: 12 → 13 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$3.28M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.15M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$632K |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$313K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$282K |
| 2 |
PIMG
Patriot Investment Management Group
Knoxville,
Tennessee
|
-$257K |
| 3 |
TMC
Trellus Management Company
Delray Beach,
Florida
|
-$253K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$122K |
| 5 |
Morgan Stanley
New York
|
-$3K |
UGLD Hedge Fund Activity: Q1 2020 in Review
13 of the 4,539 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 2020, worth a combined $18M — up 41% from $12.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new UGLD positions and 5 closed out — a net gain of 2 holders — while 2 added to existing stakes and 1 trimmed.
The largest buyer was Jane Street, adding an estimated $3.28M. The largest seller was Oxbow Advisors, exiting entirely with an estimated $282K sold.
- 13 institutional investors held VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER (UGLD) as of Q1 2020, up from 12 in Q4 2019.
- Funds reported $18M of VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER stock for Q1 2020, up 41% quarter-over-quarter.
- 7 funds opened new VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER positions in Q1 2020 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 Q1 2020 was Jane Street, an estimated $3.28M added.
- The largest VelocitySharesTM 3x Long Gold ETN linked to the S&P GSCI Gold Index ER seller in Q1 2020 was Oxbow Advisors, an estimated $282K sold.
Based on aggregated 13F filings for Q1 2020.