VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSEARCA:UGAZ) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 29,910,355 shares, a growth of 29.4% from the November 15th total of 23,117,393 shares. Based on an average daily trading volume, of 32,055,439 shares, the short-interest ratio is presently 0.9 days.

VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (NYSEARCA 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.

VelocityShares 3X Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return shares are going to reverse split 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.

Separately, FinnCap reaffirmed a “corporate” rating and issued 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 report on Friday, October 27th.

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