Best/Worst Weekly ETF Returns
Best/Worst Weekly ETF Returns: UNG, UNL Shine
October 12, 2012
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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 <1,000 Shares Traded
Bottom 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
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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