VelocityShares 3x Long Natural Gas ETN (NYSE:UGAZ) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 38,220,542 shares, an increase of 28.8% from the October 13th total of 29,677,609 shares. Based on an average daily volume of 25,376,439 shares, the days-to-cover ratio is presently 1.5 days.

Shares of VelocityShares 3x Long Natural Gas ETN (NYSE UGAZ) opened at $10.68 on Tuesday. VelocityShares 3x Long Natural Gas ETN has a one year low of $8.08 and a one year high of $52.49.

Separately, FinnCap reaffirmed a “corporate” rating and issued a $144.00 price target on shares of VelocityShares 3x Long Natural Gas ETN in a research report on Thursday, November 2nd.

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