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U.S. Commodity Funds, the ETF issuer behind the controversial U.S. Oil Fund
USO and the U.S. Natural Gas Fund
UNG, has filed plans with the Securities and Exchange Commission (SEC) to introduce a double-leveraged inverse natural gas ETF and a sugar exchange-traded product.
The U.S. Natural Gas Double Inverse Fund
UNGD and the U.S. Sugar Fund
USSF will both have fees of 0.75%. The U.S. Sugar Fund will track ICE-listed near month sugar futures contracts.
UNGD will provide twice the inverse daily performance of natural gas futures contracts traded on the NYMEX, according to IndexUniverse.
The U.S. Sugar Fund will compete with the iPath Dow Jones-UBS Sugar Subindex Total Return ETN
SGG and Teucrium Sugar Fund
CANE while UNGD will compete with the Direxion Daily Natural Gas Related Bear 2X Shares
GASX.
U.S. Commodity Funds had nine ETFs with $3.71 billion in AUM at the end of August, according to data from the National Stock Exchange.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: NewsSector ETFsSpecialty ETFsNew ETFsCommoditiesAfter-Hours CenterMarketsETFsdirexionTeucrium FundsUS Commodity Funds
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