VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSEARCA:UGAZ) shares are set to reverse split before the market opens on Wednesday, December 20th. The 1-10 reverse split was announced on Wednesday, December 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, December 19th.

VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ) opened at $5.38 on Friday. VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return has a 1 year low of $5.14 and a 1 year high of $52.49.

Separately, FinnCap reiterated a “corporate” rating and set a $144.00 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 report on Thursday, November 2nd.

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