Previous Close | 8.91 |
Open | 9.03 |
Bid | 0.00 x 1400 |
Ask | 0.00 x 1000 |
Day's Range | 9.01 - 9.07 |
52 Week Range | 8.43 - 51.64 |
Volume | 34,501 |
Avg. Volume | 481,482 |
Net Assets | 36.91M |
NAV | 8.91 |
PE Ratio (TTM) | N/A |
Yield | 0.00% |
YTD Daily Total Return | -64.78% |
Beta (3Y Monthly) | -0.06 |
Expense Ratio (net) | 1.31% |
Inception Date | 2011-10-04 |
Natural gas prices rally on expectations of colder weather. Play these ETFs with a near-term outlook to tap the trend.
Natural gas prices were steady last week on a spate of tailwinds. Bullish investors can tap the trend with these ETFs and ETNs.
On June 27, natural gas’s implied volatility was ~33%—4% above its 15-day moving average. The implied volatility fell ~4.9% in the trailing week.
On June 26, the natural gas futures for August 2019 closed at a discount of ~$0.23 to the August 2020 futures. On June 18, the futures spread was at a discount of $0.24.
A breakout above a bullish chart pattern in natural gas ETFs may attract further buying. Trade the commodity using one of these funds.
Oversupply concerns are weighing on natural gas ETFs. And possibilities of normal weather are likely to keep those ETFs under pressure in the medium term.
On June 20, natural gas’s implied volatility was 34.7%—18.8% above its 15-day moving average. The implied volatility has risen ~20.1% in the trailing week, while active futures have fallen 6.7%.
As of June 18, the natural gas futures contracts for delivery between July and September were priced in descending order. On June 11–18, natural gas July futures fell 3%, UNG fell 3.1%, and BOIL fell 6.7%.
Yesterday, natural gas’s implied volatility was 28.9%, 4.7% above its 15-day moving average.
Will Rise in Natural Gas Prices Continue?(Continued from Prior Part)Forward curve might benefit ETFsAs of June 11, the natural gas futures contracts for delivery between July and September were priced in descending order, a positive development for
Natural Gas Prices: The Key Drivers(Continued from Prior Part)Forward curveAs of May 28, the natural gas futures contracts for delivery between July and August were priced in ascending order—a negative development for ETFs that follow natural gas
These Drivers Could Support Natural Gas Prices Next Week(Continued from Prior Part)Natural gas’s implied volatilityOn May 23, natural gas’s implied volatility was 24.7%, ~9.3% higher than its 15-day moving average. Its implied volatility has
What Could Impact Natural Gas This Week?(Continued from Prior Part)Natural gas’s implied volatilityOn May 17, natural gas’s implied volatility was 22.8%, which is ~1.8% above its 15-day moving average. The implied volatility has risen ~1.3% in
Has Natural Gas Maintained Its Recovery?(Continued from Prior Part)Forward curveAs of May 15, the natural gas futures contracts for delivery between June and August were priced in ascending order—a negative development for ETFs that follow natural
What Might Impact Natural Gas This Week?(Continued from Prior Part)Natural gas’s implied volatilityOn May 10, natural gas’s implied volatility was 22.5%, which is ~1.3% above its 15-day moving average. The implied volatility was almost constant
Are Natural Gas Moves Slowing?(Continued from Prior Part)Forward curveAs of May 7, the natural gas futures contracts for delivery between June and August were priced in ascending order—a negative development for ETFs that follow natural gas
Where Natural Gas Prices Could Head This WeekNatural gas’s implied volatility Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average. Since February, natural gas’s implied volatility and prices have
Where Natural Gas Prices Could End Up in the Next WeekNatural gas’s implied volatilityOn February 21, natural gas’s implied volatility was 22.2%, ~18.4% below its 15-day moving average. In the trailing week, natural gas’s implied volatility
Where Will Natural Gas Close Next Week?Natural gas’s implied volatility On February 7, natural gas’s implied volatility was 26.7%, which was ~41.3% below its 15-day moving average. In the trailing week, natural gas’s implied volatility fell
Will Natural Gas Rise from Almost a Ten-Month Low?(Continued from Prior Part)Futures spread On February 5, the natural gas futures for March 2019 closed at a discount of ~$0.22 to the March 2020 futures. On January 29, the futures spread was at
Polar Vortex 2019 failed to heat up natural gas ETFs as supply situation is comfortable and weather forecast is not inclement.
Energy Sector: Key Highlights Last Week(Continued from Prior Part)Natural gas ETFsOn January 25–February 1, the United States Natural Gas ETF (UNG) fell 10.8%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 20.8%. These ETFs track
Can a polar vortex freezing the Midwest warm up natural gas prices? Here the three trading ideas using natural gas ETFs and ETNs.