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VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER (UGAZF)

OTC Markets
Currency in USD
Disclaimer
0.07
0.00(0.00%)
Closed

UGAZF Comments

July closed at about 1.884 yesterday 4pm & it now closed at 1.872 today 4pm. 0.012 difference 0.64%. Now X3 = 1.91% down approx. (really rough calculations but that about sums it up) We're down 1.83%. Why are people even confused? Unless you don't even know what you are trading & just buy without thinking.
 It is staggered. It started to roll a few days ago. This is one of the many products that are related to the contract. For example, HNU started rolling earlier than this. There is still the contango at the end of the month coming fast. It got reduced slightly the last few days though by having July go down more sharply & back up less.
 Well thanks for explanation. Is there any place where rollover schedule is published, so that we can make an informed decision when to get into ETF?
 unfortunately, they are not as clear as horizon. However, it is shown at the bottom of the page the breakup of the contract it is on. However, I remember it being something like the 5th to 9th business days of each month. https://www.velocityshares.com/etns/product/ugaz/ https://www.horizonsetfs.com/Futures-Roll
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