Natural Gas, Light Sweet Crude Oil
VelocityShares' energy exchange traded product suite includes leveraged long and inverse strategies in futures on natural gas and light sweet crude oil, as measured by the S&P GSCI. While institutional investors have available a variety of instruments (such as futures, swaps and forwards) to express views on energy, this suite of exchange traded products provides a potential alternative with distinct features.
These products seek to provide sophisticated institutional investors with exchange traded instruments for managing risk or expressing short-term market views. The long products are designed to change in value by a daily-resetting 3x multiple of an increase or decrease in the underlying index, while the inverse products are designed to change in value by a daily-resetting -3x multiple of an increase or decrease in the underlying index. For example, the inverse natural gas ETN DGAZ might be used to express a view of being "short natural gas."
S&P GSCI® Crude Oil IndexAs of 02/14/20 |
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|---|---|---|---|---|---|
| LEVERAGE | TICKER | NAME | CLOSING INDICATIVE VALUE | ETNs OUTSTANDING | PROSPECTUS |
| 3x | UWT | VelocityShares 3x Long Crude Oil ETN | $8.53 | 71,071,000 | Prospectus |
| 3x | UWTI | VelocityShares 3x Long Crude Oil ETN | $8.44 | 2,477,876 | Prospectus |
| -3x | DWT | VelocityShares 3x Inverse Crude Oil ETN | $5.38 | 40,835,000 | Prospectus |
| -3x | DWTI | VelocityShares 3x Inverse Crude Oil ETN | $10.99 | 312,707 | Prospectus |
S&P GSCI® Natural Gas IndexAs of 02/14/20 |
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|---|---|---|---|---|---|
| LEVERAGE | TICKER | NAME | CLOSING INDICATIVE VALUE | ETNs OUTSTANDING | PROSPECTUS |
| 3x | UGAZ | VelocityShares 3x Long Natural Gas ETN | $42.34 | 14,899,311 | Prospectus |
| -3x | DGAZ | VelocityShares 3x Inverse Natural Gas ETN | $282.44 | 334,418 | Prospectus |