VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ) Sees Significant Decrease in Short Interest

VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSEARCA:UGAZ) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 2,891,001 shares, a decline of 54.1% from the January 12th total of 6,291,630 shares. Based on an average trading volume of 3,120,679 shares, the days-to-cover ratio is currently 0.9 days.

Separately, FinnCap reaffirmed a “corporate” rating and issued a $1,440.00 price objective on shares of VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in a research note on Friday, October 27th.

Shares of VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSEARCA UGAZ) opened at $53.97 on Wednesday. VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return has a 52-week low of $49.72 and a 52-week high of $235.30.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/14/velocityshares-3x-long-natural-gas-etn-linked-to-the-sp-gsci-natural-gas-index-excess-return-ugaz-sees-significant-decrease-in-short-interest.html.

Receive News & Ratings for VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply