31.08.2010 - Investors shunning the natural gas ETF: Here's why
From Seekingalpha.com: The natural gas-related ETF has hit a new low, trading downward as a result of rolling futures contracts. Pessimistic traders are dumping the commodity in favor of shorting natural gas. United States Natural Gas (UNG) has been trading lower and lower since the mid 2008 as the fund keeps getting hit by contango in its front month rolls, remarks John Spence for MarketWatch. The fund is down more than 20% so far this month, and it recently touched a new record low of $6.50 per share..............................................Full Article: Source
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