VelocityShares 3x Long Natural Gas ETN (UGAZ) Sees Significant Increase in Short Interest

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VelocityShares 3x Long Natural Gas ETN (NYSEARCA:UGAZ) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,109,502 shares, an increase of 55.1% from the January 15th total of 1,360,156 shares. Based on an average daily trading volume, of 8,495,713 shares, the days-to-cover ratio is currently 0.2 days.

A number of hedge funds and other institutional investors have recently modified their holdings of UGAZ. Jane Street Group LLC grew its holdings in VelocityShares 3x Long Natural Gas ETN by 97.8% in the 3rd quarter. Jane Street Group LLC now owns 258,175 shares of the exchange traded fund’s stock valued at $18,207,000 after buying an additional 127,666 shares in the last quarter. HRT Financial LLC lifted its position in shares of VelocityShares 3x Long Natural Gas ETN by 134.2% during the 3rd quarter. HRT Financial LLC now owns 103,865 shares of the exchange traded fund’s stock valued at $7,324,000 after acquiring an additional 59,518 shares during the period. OLD Mission Capital LLC bought a new stake in shares of VelocityShares 3x Long Natural Gas ETN during the 4th quarter valued at $1,345,000. Weiss Multi Strategy Advisers LLC bought a new stake in shares of VelocityShares 3x Long Natural Gas ETN during the 4th quarter valued at $445,000. Finally, Edge Wealth Management LLC bought a new stake in shares of VelocityShares 3x Long Natural Gas ETN during the 4th quarter valued at $81,000.

Shares of NYSEARCA UGAZ opened at $27.85 on Friday. VelocityShares 3x Long Natural Gas ETN has a one year low of $26.85 and a one year high of $260.23.

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