UGAZ

VelocityShares 3X Long Natural Gas ETN

UGAZ Fund Description

The VelocityShares 3X Long Natural Gas ETN provides 3x the daily return of a production-weighted index of world natural gas producers listed in OECD (Organization for Economic Co-operation and Development) countries.

UGAZ Factset Analytics Insight

UGAZ is a 3x leveraged ETN providing exposure to the S&P GSCI Natural Gas ER Index, which tracks world natural gas producers in OECD countries via production-weighting. Its reference index is an "excess return" index for natural gas, which reflects both the returns due to price changes on its futures contracts as well as any gain or loss from "rolling" those futures contracts. The ETN wrapper provides tax efficiency with no K-1. Intended for day trading, UGAZ is not a long-term investment. Investors should be aware that daily compounding can cause UGAZ's return to vary significantly from 3x the underlying index over holding periods longer than one day, but within that period it is a good way to increase exposure to the natural gas sector. UGAZ carries a high expense ratio even in context, but makes up for it strong daily volume. Spreads are tight given the volatility of the exposure.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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LAST 10 TRADES
TIMEPRICESHARES
16:54:039.4440
16:35:439.4650
16:18:089.46200
16:12:079.45200
16:03:229.45200
16:03:129.44500
16:03:129.45100
16:02:469.45100
16:02:209.45200
15:59:369.43500
Bats BZX Real-time Quote - 17:29:45
Daily Spread
Premium/Discount
Volume

UGAZ Factset Analytics Block Liquidity

As of 11/21/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of UGAZ. UGAZ is rated a 5 out of 5.

UGAZ Summary Data

Credit Suisse
02/07/12
Exchange-Traded Note
1.65%
$835.5M
0.1%

UGAZ Portfolio Data

0.00%
N/A

UGAZ Index Data

S&P GSCI Natural Gas
Single Asset
Single Asset
N/A

UGAZ Fund Structure

No
N/A
N/A
Credit Suisse AG
Low
Low
3
Daily

UGAZ Tax Exposures

20% / 39.6%
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No

UGAZ Tradability

19,230,594
$199.66M
15,681,652
$173.13M
0.1%
0.11%
5.11% / -5.54%
None
25,000
627.27
0.05%
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$9.69
5