Natural gas ETFs were some of the best-performing funds in the
week ended Thursday, Oct. 11, with the United States Natural Gas
Fund (NYSEArca:UNG) gaining 6.45 percent in a week when the Dow
slid 1.8 percent.
Natural gas prices rose this past week after the Energy
Information Administration reported a smaller-than-normal increase
in storage, adding fodder to concerns that the U.S. natural gas
inventory surplus year-over-year might be on pace to be eliminated
by November, Sumit Roy, HardAssetsInvestor analyst, told
IndexUniverse.
'That's a huge turnaround from this past spring when the surplus
totaled a whopping 900 billion cubic feet,' Roy said. That
turnaround has caused natural gas prices to nearly double from
April's $1.90/mmbtu low to $3.60 this week, and the momentum points
to more upside ahead, Roy said.
'Within a context of restrained drilling activity by producers
and strong demand, the bias for prices is to the upside,' he said.
Higher consumption during winter months is another positive factor
supporting natural gas prices.
The $1.28 billion UNG was also one of the most popular funds in
the past week, attracting net inflows of more than $120 million,
according to data compiled by IndexUniverse.
The United States 12 Month Natural Gas Fund (NYSEArca:UNL) rose
4.8 percent, while the Teucrium Natural Gas Fund (NYSEArca:NAGS)
gained 3.9 percent in the week.
Coal ETFs were also solid performers. But on the flip side,
coffee and sugar funds were among the week's weakest
strategies.
The iPath Dow Jones-UBS Coffee Total Return ETN (NYSEArca:JO)
and the iPath Pure Beta Coffee ETN (NYSEArca:CAFE) were the
worst-performing funds in the past five days, bleeding 8.3 percent
and 7.7 percent of their value, respectively.
Top 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| UNG |
United States Natural Gas |
6.45% |
46,010,406 |
1,281.16 |
| GRN |
iPath Global Carbon ETN |
6.33% |
2,504 |
1.28 |
| KOL |
Market Vectors Coal |
5.38% |
1,826,587 |
220.19 |
| OLEM |
iPath Pure Beta Crude Oil ETN |
5.10% |
514,912 |
5.13 |
| UNL |
United States 12 Month Natural Gas |
4.80% |
256,814 |
54.53 |
| CHIM |
Global X China Materials |
4.44% |
64,952 |
2.40 |
| DPU |
PowerShares DB Commodity Long ETN |
3.97% |
4,724 |
6.05 |
| NAGS |
Teucrium Natural Gas |
3.91% |
76,146 |
5.32 |
| PKOL |
PowerShares Global Coal |
3.75% |
13,245 |
9.86 |
| TUR |
iShares MSCI Turkey Investable Market |
3.57% |
1,161,167 |
593.95 |
Bottom 10 Weekly Performers, Excluding Leverage/Inverse
Funds and 'lt;1,000 Shares Traded
| Ticker |
Name |
Weekly Performance |
Weekly Volume |
AUM ($, mm) |
| JO |
iPath Dow Jones-UBS Coffee Total Return ETN |
-8.30% |
313,693 |
41.33 |
| CAFE |
iPath Pure Beta Coffee ETN |
-7.71% |
16,961 |
1.71 |
| SSDD |
ETRACS ISE SSD ETN |
-7.04% |
1,680 |
10.21 |
| CVOL |
C-Tracks Exchange-Traded Notes on the Citi
Volatility |
-6.64% |
179,139 |
4.85 |
| TAN |
Guggenheim Solar |
-6.11% |
120,642 |
43.79 |
| JJN |
iPath Dow Jones-UBS Nickel Total Return ETN |
-5.82% |
3,567 |
6.23 |
| KWT |
Market Vectors Solar Energy |
-5.47% |
6,816 |
10.29 |
| GLDX |
Global X Gold Explorers |
-5.47% |
227,828 |
39.16 |
| SGG |
iPath Dow Jones-UBS Sugar Total Return ETN |
-5.45% |
138,050 |
43.81 |
| CANE |
Teucrium Sugar |
-5.34% |
103,878 |
1.84 |
Disclaimer:All data as of 6 a.m. Eastern time the date the
article is published. Data is believed to be accurate; however,
transient market data is often subject to subsequent revision and
correction by the exchanges.
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