Nat gas is very amusing for me (I have given up on trying to long it, thankfully not suffering any losses). Today I noticed how the commodity hit a new low, yet UNG did not. So I pop on over to the UNG website and I see
As of 8/13/2009
Closing Price $12.47
NAV $11.50
Premium / (Discount) 8.43%
So this thing is trading at an 8.5% PREMIUM. If they ever get approval to distribute more shares, watch out!
