Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Myself °¿°]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119369912

% up or down is calculated from the previous day's closing price.
/ng futures close @2:30 and then continue trading in futures extended hrs.
ugaz and dgaz close @4:00 and they continue trading in extended hrs.
Portfolios and trading platforms calculate + and - % from the close price of each one based on the time they each close.
Natgas futures close before ugaz/dgaz closes (different times)
If you could force your trading platform to calculate natgas's close price @4:00 ugaz/dgaz would run 3% up or down for every 1% natgas makes the next day.

/ng futures doesnt trade flat after hrs until ugaz/dgaz closes

ugaz/dgaz does trade 3% for every 1% natgas makes.
Check them with a calculator mid-day:)