Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
United States 12 Month Natural Gas ETF (UNL) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United States 12 Month Natural Gas ETF (UNL) - free report >>
Image: Bigstock
Natural Gas ETF (UNL) Hit a 52-Week high
For investors seeking momentum, United States 12 Month Natural Gas ETF (UNL - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up roughly 82.6% from its 52-week low price of $7.24/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
UNL in Focus
The Natural Gas Price Index is the near month futures contract to expire and the contracts for the following 11 months, for a total of 12 consecutive months. The product charges 90 bps in fees per year.
Why the Move?
Like in most winters, natural gas prices started receiving warmth from the chills this year. We are entering the winter heating season with natural gas storage down about 7.2% from the five-year average. Per EIA, natural gas inventory was 16.8% lesser than the year-ago level.
Normally, Arctic Chills give life to this commodity every winter. The cold snap boosts electricity demand across the region, putting focus on natural gas. his year too, forecasts of colder-than-expected temperatures in the United States might drive natural gas prices higher. U.S. natural gas futures have now spurted to a seven-year high due to supply crunch heading into the winter-heating season.
More Gains Ahead?
Currently, UNL has a positive weighted alpha of 72.71. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.