Teucrium, the ETF issuer behind the Teucrium Corn ETF
CORN, is getting gutsy with its latest offering, the Teucrium Natural Gas ETF
NAGS, a new natural gas ETF based on the March, April, October and November contracts for that commodity.
A novel idea to be sure, but still risky at a time when natural gas prices continue to languish and producers continue to bring excess supply to market even in the face of tepid demand. The advantage with NAGS is that avoids trading the spot month contract which can expose investors to contango risks. Each month will account for 25% the new ETF's weight.
On the surface, it would appear NAGS is a superior idea to the infamous U.S. Natural Gas Fund
UNG, but even with that, natural gas ETFs that expose investors to the futures market are going to need a dramatic change in the commodity's price action before become compelling ideas for anything more than short-term trades.
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CORNTeucrium Corn Fund ETV
$18.940.85%
Edge Rankings
Momentum
49.36
Price Trend
Short
Medium
Long
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