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Re: wehrsy post# 11108

Saturday, 11/14/2015 10:53:40 AM

Saturday, November 14, 2015 10:53:40 AM

Post# of 25303

Anyone know why ugaz only up 8% when nat gas up 5.4% ? Shouldnt it be up 16% ? $4.17 range ?



The monthly roll to second month futures ended this week. UGAZ is now hypothetically (remember this is an ETN) 100% invested in January futures.

UGAZ trades at a small fluctuating premium/discount to its indicative value.

Yesterday ^UGAZ-IV closed at 3.81, up .34 or 9.94%.

Yesterday, the Jan futures closed up 3.313%.. Treble that number and you get 9.94%

Math rocks,

Doc

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