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Don Dion
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Don Dion (donalddion@gmail.com, @DRDInvestments) is the owner and Chief Investment Officer of DRD Investments, LLC, based in Naples, FL. and Williamstown, MA., a family office focused on managing a long/short hedge fund, real estate assets, venture capital, and various other financial assets for... More
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Don Dion's IPO Analysis
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The Ultimate Guide to Trading ETFs
  • Natural Gas ETF Protects Self, Not investors 0 comments
    Aug 13, 2009 3:14 PM | about stocks: UNG, FAS, FAZ, SRS, USB, AMP

    The refusal of the U.S. Natural Gas ETF (NYSEARCA:UNG) to issue additional shares is not enough to protect investors. The latest decision from UNG managers is a move to protect the best interests of the fund. Investors should avoid UNG for the foreseeable future until the dust settles.

     

    UNG's rejection of the additional approved units is a significant, if unsurprising, move in an ongoing saga. In early July, fund managers "ran out" of the pre-approved share allotment, forcing a halt in share creation. This jolt disconnected UNG's market price from its net asset value (NYSE:NAV), forcing the fund to… READ MORE

    Stocks: UNG, FAS, FAZ, SRS, USB, AMP
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