Velocityshares 3X Long Natural Gas ETN (UGAZ)

[kei]

received info from other board: he says that --->contango already priced in when ng rolled over to dec last week.
actually GAZ tracks an index SPGSNGP, which tracks the thereotical returns of NG traders. So ng is like a benchmark instead. Go to velocityshares.com and look up UGAZ. you can find the info about SPGSNGP in GAZ’s prospectus.