REpresnts the real value of the fund. A 1.50+ premium. There is no attempt by anyone why there should be a premium. Anyonw wanting to buy NG should just buy the Oct futures just like the fund does at almost 20% discount. The world is insane, I just wish I could tardwe directly with anyone buying this fund. They also have a requirement to sell OCT etween the 145th an 17th. THen they must immediatly by the NOV at 35% higher cost. So not only does UNG get you 20% less furtures contracts, you also miss the next 35% of appreciation when NG starts to rebound going into the winter.
Ur logic is too wrong. All of that U must know will work, if & only if NG will be $2 range, forever. But the buying in NG, UNG & GAZ in the last few days clearly say: we are at bottom, NG, UNG & GAZ will go UP from here. So, all premium...contango theory will not hold any more, do they? Mr. Market seemes to suggest NG, UNG, GAZ will go up 4-6 weeks, THE WINTER when NG demand is up & so does it prices, is it too hard to comprehend?