Morgan Stanley Has $371,000 Holdings in VelocityShares 3x Long Natural Gas ETN (NYSEARCA:UGAZ)
Posted by Orville Tucker on Nov 13th, 2019
VelocityShares 3x Long Natural Gas ETN logoMorgan Stanley raised its holdings in shares of VelocityShares 3x Long Natural Gas ETN (NYSEARCA:UGAZ) by 11,061.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,657 shares of the exchange traded fund’s stock after purchasing an additional 22,454 shares during the quarter. Morgan Stanley’s holdings in VelocityShares 3x Long Natural Gas ETN were worth $371,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in UGAZ. XR Securities LLC acquired a new stake in VelocityShares 3x Long Natural Gas ETN during the 2nd quarter valued at $1,101,000. SeaCrest Wealth Management LLC lifted its holdings in VelocityShares 3x Long Natural Gas ETN by 454.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 13,850 shares of the exchange traded fund’s stock valued at $227,000 after purchasing an additional 11,350 shares during the last quarter. Creative Planning acquired a new stake in VelocityShares 3x Long Natural Gas ETN during the 2nd quarter valued at $409,000. Finally, TCG Advisors LP lifted its holdings in shares of VelocityShares 3x Long Natural Gas ETN by 1,246.3% during the second quarter. TCG Advisors LP now owns 10,030 shares of the exchange traded fund’s stock worth $153,000 after buying an additional 9,285 shares in the last quarter.
Shares of UGAZ traded down $0.76 during midday trading on Wednesday, reaching $14.65. 10,488,946 shares of the stock were exchanged, compared to its average volume of 10,537,457. VelocityShares 3x Long Natural Gas ETN has a twelve month low of $11.00 and a twelve month high of $260.23. The stock’s 50 day simple moving average is $15.35 and its 200 day simple moving average is $17.51.