TCG Advisors LP increased its holdings in shares of VelocityShares 3x Long Natural Gas ETN (NYSEARCA:UGAZ) by 1,246.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,030 shares of the exchange traded fund’s stock after acquiring an additional 9,285 shares during the period. TCG Advisors LP’s holdings in VelocityShares 3x Long Natural Gas ETN were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UGAZ. XR Securities LLC acquired a new position in shares of VelocityShares 3x Long Natural Gas ETN during the second quarter valued at $1,101,000. Creative Planning bought a new position in VelocityShares 3x Long Natural Gas ETN in the second quarter valued at about $409,000. SeaCrest Wealth Management LLC increased its position in VelocityShares 3x Long Natural Gas ETN by 454.0% in the second quarter. SeaCrest Wealth Management LLC now owns 13,850 shares of the exchange traded fund’s stock worth $227,000 after purchasing an additional 11,350 shares during the period. Miracle Mile Advisors LLC acquired a new stake in VelocityShares 3x Long Natural Gas ETN in the first quarter worth about $290,000. Finally, Evolution Wealth Advisors LLC increased its position in VelocityShares 3x Long Natural Gas ETN by 1,100.0% in the first quarter. Evolution Wealth Advisors LLC now owns 1,200 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 1,100 shares during the period.

Shares of NYSEARCA UGAZ traded down $0.82 during mid-day trading on Wednesday, hitting $20.35. The company’s stock had a trading volume of 1,002,804 shares, compared to its average volume of 8,008,077. VelocityShares 3x Long Natural Gas ETN has a one year low of $11.00 and a one year high of $260.23. The company’s fifty day simple moving average is $14.15 and its 200-day simple moving average is $22.05.

See Also: How does equity income fit into an investing strategy?

Want to see what other hedge funds are holding UGAZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VelocityShares 3x Long Natural Gas ETN (NYSEARCA:UGAZ).

Institutional Ownership by Quarter for VelocityShares 3x Long Natural Gas ETN (NYSEARCA:UGAZ)

Receive News & Ratings for VelocityShares 3x Long Natural Gas ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VelocityShares 3x Long Natural Gas ETN and related companies with MarketBeat.com's FREE daily email newsletter.