UGAZ

VelocityShares 3X Long Natural Gas ETN
*Unless otherwise stated, data provided by FactSet.

UGAZ Fund Description

UGAZ provides 3x the daily return of the daily performance of the front-month futures contract on natural gas.

UGAZ Factset Analytics Insight

Like most geared inverse products, UGAZ is designed to be used as a tactical trading tool, not as a buy-and-hold investment. The note promises to provide 3x exposure to its reference index—the S&P GSCI Natural Gas Excess Return Index—for a one-day holding period. The daily reset function means investors holding UGAZ for periods of longer than one trading day will be exposed to the effects of compounding and could see returns vary greatly from the headline 3x exposure. Since UGAZ tracks an excess return version of the S&P GSCI Natural Gas Index, returns will reflect the changes in the price of natural gas and returns from rolling futures contracts, but not any income from collateral. The ETN wrapper provides tax efficiency with no K-1. Although its fee is extremely high, trading costs are of greater importance, since the fund is designed for intraday round-trip trades.

UGAZ CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 12/13/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
UGAZ -25.62% 104.72% 62.20% 102.05% -35.35% -66.94% --
UGAZ (NAV) -27.94% 104.08% 61.62% 98.46% -35.94% -62.72% --
S&P GSCI Natural Gas Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

UGAZ Summary Data

02/07/12
Exchange-Traded Note
1.65%
$341.41M
0.19%

UGAZ Portfolio Data

0.00%
N/A

UGAZ Index Data

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

UGAZ Fund Structure

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

UGAZ Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

UGAZ Factset Analytics Block Liquidity

As of 12/14/18
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 Tradability

1,528,078
$201.30M
1,384,952
$154.40M
0.19%
$0.22
0.08%
9.75% / -8.41%
None
0.00%
25,000
55.40
0.00%
--
--
$118.04
5