Natural-gas ETF (UNG) won’t resume offering shares

Share This Article
August 12, 2009 2:58pm NYSE:UNG

breakingnewsAccording to Market watch the United States Natural Gas fund (UNG) received permission to register an additional 1 billion shares which was needed to meet investor demand. Although they were given the go ahead for the additional shares, the ETF’s management decided the fund won’t


 resume issuing shares for now.  Marketwatch quotes a filing Wednesday explaining the move, in which management cited “current and anticipated new regulatory restrictions and limitations that have been and may be imposed by the Commodity Futures Trading Commission and commodity exchanges.”

For the full story click: HERE

GET A FREE TREND ANALYSIS  FOR ANY ETF HERE!



7 "SAFE HAVEN" Dividend Stocks for Turbulent Times

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories