He is not a gas bull. He sees no surge in the gas or oil markets. He would rather use an option than to use a doubly leveraged ETF.
VelocityShares 3x Long Natural Gas is a American stock, trading under the symbol UGAZ-N on the NYSE Arca (UGAZ). It is usually referred to as AMEX:UGAZ or UGAZ-N
In the last year, there was no coverage of VelocityShares 3x Long Natural Gas published on Stockchase.
VelocityShares 3x Long Natural Gas was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for VelocityShares 3x Long Natural Gas.
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In the last year, there was no coverage of VelocityShares 3x Long Natural Gas published on Stockchase.
On 2023-10-31, VelocityShares 3x Long Natural Gas (UGAZ-N) stock closed at a price of $0.072.
A triple leverage on Nat Gas to the upside. You are trading the front month futures in these leveraged natural gas ETFs. These are not good for long term holds. There is not a lot of steepness in the gas price futures curve. Hurricane activity is likely to be high this fall and that could disrupt supply. Investors need to be cautious with triple levered ETFs.