VelocityShares 3x Long Natural Gas ETN (UGAZ) Sees Large Decrease in Short Interest

VelocityShares 3x Long Natural Gas ETN (NYSEARCA:UGAZ) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,510,228 shares, a decline of 38.6% from the October 31st total of 2,458,585 shares. Based on an average daily trading volume, of 1,791,696 shares, the short-interest ratio is presently 0.8 days.

UGAZ opened at $139.98 on Friday. VelocityShares 3x Long Natural Gas ETN has a 52-week low of $49.72 and a 52-week high of $260.23.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in shares of VelocityShares 3x Long Natural Gas ETN by 573.7% during the first quarter. UBS Group AG now owns 4,662 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 3,970 shares in the last quarter. HRT Financial LLC boosted its position in shares of VelocityShares 3x Long Natural Gas ETN by 142.6% during the second quarter. HRT Financial LLC now owns 44,347 shares of the exchange traded fund’s stock valued at $2,872,000 after purchasing an additional 26,064 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of VelocityShares 3x Long Natural Gas ETN by 97.8% during the third quarter. Jane Street Group LLC now owns 258,175 shares of the exchange traded fund’s stock valued at $18,207,000 after purchasing an additional 127,666 shares in the last quarter.

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