SeekingAlpha  Sep 8  Comment 
By Prudent Finances: By Ivan Y. U.S. Natural Gas fund (NYSEARCA:UNG) attempts to track the price of natural gas, but since its creation in 2007, it has failed miserably to do so. UNG's underperformance relative to the spot price of natural...
Market Intelligence Center  Sep 4  Comment 
The patented options-trade picking algorithms used by MarketIntelligenceCenter.com found a trading opportunity with US Natural Gas (UNG) that should provide a 10.99% return in just 225 days. Sell one Apr. '15 call at the $21.00 level for each 100...
StreetInsider.com  Aug 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/United+States+Natural+Gas+%28UNG%29+Natural+Gas+Inventory+82+bcf+vs+83+bcf+Expected/9731412.html for the full story.
StreetInsider.com  Jul 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/United+States+Natural+Gas+%28UNG%29+Natural+Gas+Inventory+100+bcf+vs+100+bcf+Expected/9637166.html for the full story.
StreetInsider.com  Jun 19  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/EIA+says+U.S.+nat+gas+stockpiles+rose+113+bcf+last+week+%28UNG%29+/9598007.html for the full story.
SeekingAlpha  Jun 9  Comment 
By Lior Cohen: The price of natural gas and United States Natural Gas (UNG) rallied, despite the higher than normal injection to storage during last week. Moreover, during the past four weeks, the injections to storage were 24% higher than the...
SeekingAlpha  Apr 23  Comment 
By Tom Lydon: By Todd Shriber & Tom Lydon A five-year chart for the United States Natural Gas Fund (UNG) is not a pretty picture. Marred by multiple reverse splits and surging supplies thanks to the fracking boom, UNG has plunged 75% over...
DailyFinance  Apr 7  Comment 
DAHLONEGA, GA--(Marketwired - April 07, 2014) - In a program that is the first of its kind in Georgia, the University of North Georgia (UNG) is offering a residential summer dual-enrollment program for high school students interested in language...
FX Street  Mar 28  Comment 
In the aftermath of this morning’s greater-than-expected draw-down in natural-gas inventory, the... For more information, read our latest forex news and reports.
Market Intelligence Center  Jul 12  Comment 
United States Natural Gas (AMEX: UNG) closed Thursday's trading session at $19.16. In the past year, the ETF has hit a 52-week low of $17.38 and 52-week high of $24.09. United States Natural Gas (UNG) has been showing support around $18.57 and...


The United States Natural Gas Fund LP (UNG) is an exchange traded security that is designed to track in percentage terms the movements of natural gas prices.

The investment objective of UNG is for the changes in percentage terms of the units' 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 traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UNG's expenses.

UNG is not a mutual fund registered under the Investment Company Act of 1940 and is not subject to regulation under such Act. UNG is a commodity pool organized as a Delaware limited partnership that issues units that may be purchased and sold on the NYSE Arca.

UNG must register a fixed number of shares with the Securities and Exchange Commission. If it wants to increase the number of shares available, it must file papers with the SEC and pay a fee, and then wait for approval before those new shares can be issued. [1]

The portfolio consists of exchange listed natural gas futures contracts and other natural gas related futures, forwards, and swap contracts. UNG also invests in obligations of the United States government with remaining maturities of two years or less and hold cash and cash equivalents to be used to meet its current or potential margin or collateral requirements with respect to its investments in natural gas futures contracts and other natural gas interests.

The management fee starts at 0.60% and drops to 0.50% for assets above $1 billion.

Since September 2009 UNG underperformed significantly the spot price of the commodity. This is because it follows the percentage change in the price of the commodity’s front month contract. The problem is the market is in contango. In this situation longer-term contracts are priced higher than near-term contracts and the fund will underperform the underlying commodity. Analysts believe that there are two scenarios ahead for UNG. One where UNG will come back in line with the natural gas pricing when and if the contango spread decreases to lower levels. The second where UNG can never catch because the fund is too big and futures roll every month.


  1. "United States Natural Gas Fund"
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