The investment seeks to profit from rising interest rates by tracking the performance of a portfolio consisting of exchange traded futures contracts and options on futures on 2, 5 and 10-year U.S. Treasury securities weighted to achieve a targeted negative 10 year average effective portfolio duration.
The weighting of the Treasury Instruments constituting the Benchmark Component Instruments will be based on each maturity's duration contribution. The expected range for the duration weighted percentage of the 2 year and 5 year maturity Treasury Instruments will be from 30% to 70%.
Company profile
Ticker
BDRY, BWET
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ETF Managers Group Commodity Trust I
SEC CIK
BDRY stock data
Latest filings (excl ownership)
FWP
Free writing prospectus
22 Mar 24
10-Q
2024 Q2
Quarterly report
20 Feb 24
EFFECT
Notice of effectiveness
16 Feb 24
EFFECT
Notice of effectiveness
16 Feb 24
424B3
Prospectus supplement
15 Feb 24
424B3
Prospectus supplement
15 Feb 24
POS AM
Prospectus update (post-effective amendment)
15 Feb 24
POS AM
Prospectus update (post-effective amendment)
15 Feb 24
CORRESP
Correspondence with SEC
15 Feb 24
CORRESP
Correspondence with SEC
15 Feb 24
Latest ownership filings
SC 13D/A
SIT INVESTMENT ASSOCIATES INC
5 Oct 20
4
Change in insider ownership
5 Oct 20
SC 13D/A
Beneficial ownership report (amended)
18 Feb 20
SC 13D/A
ETF Managers Group Commodity Trust I
10 Dec 19
SC 13D/A
ETF Managers Group Commodity Trust I
7 Oct 19
SC 13D/A
ETF Managers Group Commodity Trust I
26 Jul 19
SC 13D/A
ETF Managers Group Commodity Trust I
3 Jun 19
SC 13D/A
ETF Managers Group Commodity Trust I
6 May 19
SC 13D/A
ETF Managers Group Commodity Trust I
8 Apr 19
SC 13D/A
ETF Managers Group Commodity Trust I
1 Apr 19
Financial summary
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 24.95 mm | 24.95 mm | 24.95 mm | 24.95 mm | 24.95 mm | |
Cash burn (monthly) | (no burn) | 6.41 mm | 1.60 mm | 5.15 mm | 1.29 mm | |
Cash used (since last report) | n/a | 44.12 mm | 11.03 mm | 35.39 mm | 8.85 mm | |
Cash remaining | n/a | -19.16 mm | 13.93 mm | -10.44 mm | 16.11 mm | |
Runway (months of cash) | n/a | -3.0 | 8.7 | -2.0 | 12.5 |
Institutional ownership, Q2 2023
19.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 12 |
Opened positions | 5 |
Closed positions | 4 |
Increased positions | 3 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 4.09 bn |
Total shares | 747.04 k |
Total puts | 49.38 k |
Total calls | 10.50 k |
Total put/call ratio | 4.7 |
Largest owners | Shares | Value |
---|---|---|
MS Morgan Stanley | 556.22 k | $3.09 bn |
HighTower Advisors | 45.00 k | $250.00 mm |
Jane Street | 42.76 k | $237.33 mm |
Advisor | 34.47 k | $191.32 mm |
UBS UBS Group AG - Registered Shares | 28.83 k | $160.02 mm |
Terra Nova Asset Management | 13.15 k | $72.98 mm |
Capital CS | 11.00 k | $61.05 mm |
Simplex Trading | 9.59 k | $53.00 k |
Group One Trading | 4.10 k | $22.76 mm |
Clearstead Advisors | 750.00 | $4.16 mm |