well i mean, they arnt going to do something really wild with the ETF, just halt if for a while then resume trading? Nothing like dropping to 5.00 or running to 20.00, I have a butterfly on this one so i guess i dont have to be to worried about it, just as long as its trading within 10days.
yep, its back now, i just closed out my butterfly, i dont want to play games with it. When it reopened for trading i was only down $10mill until the option prices adjusted
United States Natural Gas Fund (UNG) To Temporarily Suspend the Issuance of Additional Creation Baskets United States Natural Gas Fund, LP (NYSE: UNG) disclosed in an 8-K filing that it will temporarily suspend the issuance of additional Creation Baskets until the SEC declares effective the registration statement on Form S-3 (333-159772) which was initially filed on June 5, 2009 and registers an additional 1,000,000,000 units. This registration statement is currently subject to review and comment by the SEC, the Financial Regulatory Industry Association and the National Futures Association. The suspension of the issuance of Creation Baskets has no effect on the ability of Authorized Purchasers to redeem baskets of units.
Wouldn't this trigger a short squeeze? Just wondering... -------------------------- United States Natural Gas Fund (UNG) To Temporarily Suspend the Issuance of Additional Creation Baskets * United States Natural Gas Fund (UNG) To Temporarily Suspend the Issuance of Additional Creation Baskets United States Natural Gas Fund, LP (NYSE: UNG) disclosed in an 8-K filing that it will temporarily suspend the issuance of additional Creation Baskets until the SEC declares effective the registration statement on Form S-3 (333-159772) which was initially filed on June 5, 2009 and registers an additional 1,000,000,000 units. This registration statement is currently subject to review and comment by the SEC, the Financial Regulatory Industry Association and the National Futures Association. The suspension of the issuance of Creation Baskets has no effect on the ability of Authorized Purchasers to redeem baskets of units.