VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ) Short Interest Up 29.4% in November

VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSEARCA:UGAZ) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 29,910,355 shares, an increase of 29.4% from the November 15th total of 23,117,393 shares. Based on an average daily volume of 32,055,439 shares, the short-interest ratio is currently 0.9 days.

Separately, FinnCap reaffirmed a “corporate” rating and set a $1,440.00 price target on shares of VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return in a research note on Thursday, November 2nd.

VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSEARCA:UGAZ) opened at $5.77 on Wednesday. VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return has a one year low of $5.13 and a one year high of $52.49.

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