Leveraged Natural Gas ETF Catches A Bid As Winter Approaches (UGAZ)

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November 3, 2017 1:04pm NYSE:UGAZ

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Analyst/ETF Trader Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today focuses on Apple hysteria following last night’s report, some profit taking in the world’s largest ETF, and solid inflows for a beaten-up leveraged natural gas fund.


A large part of today’s options trading in the marketplace is centered on Apple (AAPL) post earnings, where the stock has rallied nearly 3% to yet another all-time high. We have seen some action in November upside calls (175 strikes), for example, as the stock’s impressive run over the past six trading sessions continues, even after the company’s earnings release hit the tape.

In terms of fund flows, we have seen some position trimming in SPY to begin the month of November, with about $3 billion exiting the fund via redemption flows.

Elsewhere, there have been good sized inflows in a levered Natural Gas product, UGAZ (VelocityShares 3X Long Natural Gas ETN) lately as the fund has bounced from a recent all-time low on heavy trading volume.

The VelocityShares 3X Long Natural Gas ETN (UGAZ) was trading at $9.19 per share on Friday afternoon, up $0.41 (+4.67%). Year-to-date, UGAZ has declined -80.10%, versus a 16.54% rise in the benchmark S&P 500 index during the same period.

UGAZ currently has an ETF Daily News SMART Grade of F (Strong Sell), and is ranked #13 of 24 ETFs in the Leveraged Commodities ETFs category.


Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and ETFTrends.com for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.


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