MDA Weather Services forecasts lower-than-normal temperatures in the eastern two-thirds of the U.S. from Feb. 27 to March 7. AccuWeather Inc expects 14 degree temperatures on Feb. 27, or 13 degrees below average, and Cleveland could experience temperatures as low as 6 degrees, or 22 below average. [Another Polar Blast is Coming]
Weather forecasts that are bullish for natural gas are not stopping some traders from piling into inverse ETPs. For example, the VelocityShares Daily 3x Inverse Natural Gas ETN (NYSEArca: DGAZ) has attracted $449 million this year, according to the Journal.
VelocityShares Daily 3x Inverse Natural Gas ETN
ETF Trends editorial team contributed to this post.