VIDEO: The Natural Gas ETF (UNG) Is Distorting The Gas Market
Here is a great video explaining how the United States Natural Gas ETF (UNG) is causing huge distortions in the gas market. A licensed commodities trade adviser Dan Dicker with 20 years experience as a NYMEX floor trader sits down with CNBC and discusses the problems with the ETF. We found the video below worth watching:
The investment (UNG) seeks to replicate the performance, net of expenses, of natural gas. The trust will invest in futures contracts on natural gas traded on the NYMEX that is the near month contract to expire. It is nondiversified.