U.S. Natural Gas Fund
The U.S. Natural Gas Fund (NYSEArca:UNG), whose fate is tied in with the movement of natural gas (as it tracks whichever direction natural gas takes, being an exchange-traded fund), has found itself struggling as it plunges in value along with the huge drop in natural gas prices.
Since January 1, 2010, the fund has lost close to $1.5 billion in assets, close to 33 percent of the entirety of the fund.
Close to $450 million in cash has also been redeemed by investors, while another $1 billion was lost on those shorting the fund.
The fund, which was birthed in 2007, is now experiencing its worst losses since its inception.
Energy analysts say natural gas futures will struggle to break the $4 mark in the near term.
U.S. Natural Gas Fund
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