ETF Trends
ETF Trends

An exchange traded note designed to follow natural gas futures fell much harder than the commodity on Monday as the ETN’s premium continues to erode.

The iPath Dow Jones-UBS Natural Gas ETN (NYSEArca: GAZ) was off 15% in afternoon trading Monday.

Traders have been zeroing in on the natural gas product after the sharp decline in VelocityShares Daily 2x VIX Short-Term ETN (NYSEArca: TVIX). [TVIX Fallout]

Both ETNs traded at a premium after their issuers halted the creation of new shares.

U.S. Natural Gas Fund (NYSEArca: UNG) slipped about 2% on Monday. GAZ fell harder because its premium to net asset value is coming down. [Focus Turns to Natural Gas ETN Premium After TVIX Crash]

iPath Dow Jones-UBS Natural Gas ETN


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