Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[researcher59]

How about this price move ??? Any thoughts ?

NG peaked last Wednesday at $4.92/mcf and DGAZ hit a low of $2.81 at the same time.

Now just 3 trading days later NG is $4.58, DOWN 7% from the peak last week .... hence the simplistic view is that DGAZ should be UP 21%.

Is DGAZ up 21% from $2.81 at this point ? It would then be at $3.40. Instead its now at $2.68, DOWN 5%.

The under-performance is horrible ! Instead of being up 21% DGAZ is down 5% due to decay and daily resets.