First Natural Gas ETF Begins Trading Under Symbol UNG
Investors looking to speculate about the price movement of natural gas have a new option via the United States Natural Gas Fund, an ETF that trades under the ticker symbol UNG.
Launched by Victoria Bay Asset Management the fund is an exchange-traded security tied to natural gas prices. According to a statement, the objective of the security is “to have the changes in percentage terms of the unit’s net asset value reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, La., as measured by the changes in the price of the futures contract on natural gas.”
Victoria Bay Asset Management is known for their other commodity fund, United States Oil Fund (ticker symbol USO), which began trading in April of 2006. For more information on the fund, click here.