UGAZVelocityShares 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.
UGAZ CHARTS AND PERFORMANCE
UGAZ Portfolio Data
UGAZ Index Data
UGAZ Fund Structure
UGAZ Tax Exposures
UGAZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UGAZ. UGAZ is rated a 5 out of 5.