ETF Trends
ETF Trends

Exchange traded funds (ETFs) tracking natural-gas futures fell Wednesday afternoon on forecasts of milder weather.

Natural-gas futures were down for the fourth day in a row, Dow Jones Newswires reported.

“The weather is not supportive of increasing prices, much less sustaining prices, and supply is a huge fundamental weight on the market,” Jay Levine, head of an energy brokerage, told Bloomberg. “People feel that there’s a dark cloud over natural gas that’s not going to dissipate.”

The iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSEArca: GAZ) was down nearly 4% at last check while U.S. Natural Gas Fund (NYSEArca: UNG) also traded lower.

For full disclosure, Tom Lydon’s clients own UNG.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.