Top ETF Gainers - NYSE: UNG, GAZ, SCO
Top Gainers
Dallas, TX 10/30/2009 04:31 PM GMT (TransWorldNews)
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United
States Natural Gas Fund, LP (NYSE:UNG) jumped up 1.34% to %10.59 on higher narural gas price. United States
Natural Gas Fund, LP (USNG) is a limited partnership. The Company is a
commodity pool that issues units that may be purchased and sold on the NYSE
Arca, Inc. The investment objective of USNG is for the changes in percentage
terms of its net asset value to reflect the changes in percentage terms of the
price of natural gas delivered at the Henry Hub, Louisiana, as measured by the
changes in the price of the futures contract on natural gas as traded on the
New York Mercantile Exchange (the NYMEX) that is the near month contract to
expire, except when the near month contract is within two weeks of expiration,
in which case the futures contract will be the next month contract to expire.
IPATH
NAT GAS ETN (NYSE:GAZ) also moved up 2% to $14.56 on higher Natural Gas Price. So far this
year GAZ has corrected over 50%.
ProShares
UltraShort DJ-UBS Crude Oi ETF (NYSE:SCO) climbed 3.50% to $13.27 on falling
Crude price. ProShares UltraShort DJ-UBS Crude Oil (the Fund), formerly known
as ProShares UltraShort DJ-AIG Crude Oil, seeks daily investment results that
correspond to twice (200%) the inverse (opposite) of the daily performance of
The Dow Jones—UBS Crude Oil Sub-Index (the Index).
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