Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

I think UGAZ and DGAZ will still trade actively on the OTC, but over many weeks and months volume will steadily diminish. Also they could begin to trade at a discount to NAV. Presumably Credit Suisse will continue to post that value daily. It does appear that at least for today, DGAZ is trading at a premium to NAV, but in the long term a discount to NAV becomes more likely, imho.