Monday, September 14, 2009

UNG Fund Release More Shares

Based on the news alone, the premium is reduced from 16% to 6%, very nice. Oct 2009 nat gas is up 17% (including after hours trading) today, while UNG was only up 2.5%. Looks like arbitrage play worked out today. Also seems like the premium of GAZ is now 0%, unless I am doing my math wrong... I take that back, according to ETFConnect GAZ has a 11.12% premium.