Heating Up With Gas ETFs

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Jan. 24 (Bloomberg) –- Bloomberg’s Eric Balchunas reports on the top three cold weather ETFs. He speaks to Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

The price of natural gas on fire.

Demand for gas has soared and stockpiles have tumbled.

As freezing cold weather grips our country.

There are three ways to play this arctic blast -- i should have said vortex.

Eric, welcome to the program.

Good to see you, because it's friday.

Let's talk about natural gas etf's. they really went off.

It's not that we didn't expect cold weather but worse than we thought.

One of the tickers that people turn to is ung, the united states natural gas etf.

It is one of the best performers overall.

It tracks natural gas futures and is sensitive to moves in the spot price.

Long-term, you will get issues -- i will monitor this trade and not hang onto it.

Explain exactly what that is.

If they track the front month future, they have to buy the next month.

A lot of times it is more expensive.

They have to pay up for the next month and it corrodes the return of the etf.

It lags the natural -- actual performance.

Across a number of different commodities am a but with oil and natural gas -- when there is a lot of demand, it has the opposite effect.

Right now, there is yield of actually benefiting ung, but will underperform natural gas.

One that is even more tactical is a velocity share three times long natural gas.

This one went up 26% today alone and 62% in the past week.

This is a tool that is very popular.

22 million shares trading about the same as xerox.

The ticker of the week.


The first trust cloud computing etf.

It is up 31% and outperforming tech.

It is tech.

This is part of the new tech.

This is growing and outpacing xlk.

With social media and cloud computing companies, you will

This text has been automatically generated. It may not be 100% accurate.


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