Tuesday, September 29, 2009

UNG Cannot Find Buyers for New Shares.

BNN has just reported rumous that after the hoopla, UNG could not find any buyers for its new shares. Details coming.

UNG resumed issung new shares yesterday. It had not been able to issue new creation baskets since June.

At the time of the SEC filing, UNG's management had said "UNG's management cannot predict what impact, if any, the resumption of creation activity will have on the price of the UNG units on NYSE Arca."

Well, no buyers!

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