FYI: old weather in the U.S. is sending an extra shiver down the spines of investors who hold an exchange-traded note that bets against natural gas and just had its worst-ever day.
Trading in the VelocityShares Daily 3x Inverse Natural Gas ETN, ticker DGAZ, had a record 169 million shares trade Wednesday, exceeding the volume in SPY -- the world’s biggest exchange-traded fund, which tracks the S&P 500 Index -- and the Nasdaq-tracking QQQ, as speculation mounted around the note’s future.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-14/fears-of-another-etn-blowup-swelled-as-natural-gas-price-spiked?srnd=etfs
