Energy

Natural Gas

VelocityShares' energy exchange traded product suite includes leveraged long and inverse strategies in futures on natural gas, 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® Natural Gas Index

As of 06/05/20
LEVERAGE TICKER NAME CLOSING INDICATIVE VALUE ETNs OUTSTANDING PROSPECTUS
3x UGAZ VelocityShares 3x Long Natural Gas ETN $13.37 39,004,311 Prospectus
-3x DGAZ VelocityShares 3x Inverse Natural Gas ETN $308.65 380,418 Prospectus