22.07.2014 - Long Natural Gas ETFs Burning Out
Natural gas prices have plunged to about an eight-month low as temperate weather conditions keep Americans from reaching for the A/C. Meanwhile, related exchange traded funds that take a bearish stance on the market are surging on the falling prices. The VelocityShares Daily 3x Inverse Natural Gas ETN , which seeks to provide the daily inverse 3x, or -300%, performance of the NYMEX natural gas futures, has increased 51.8% over the past three months while the ProShares UltraShort Bloomberg Natural Gas, which provides the daily inverse 2x, or -200%, performance of natural gas futures, has gained 36.2%...............................................Full Article: Source
Print