NEW YORK ( TheStreet.com) -- The latest chapter of the U.S. Natural Gas (UNG) saga raises an important point about ETF trading. The halt in UNG's creation process has caused the fund to trade at a ridiculous 11% premium and the fund should be ashamed to call itself an ETF.It is the creation and redemption process that makes ETFs unique, and stripping them of this ability is like gutting a central premise. Wait -- there's a name for funds that have a fixed amount of units: closed-end funds.
Natural Gas ETF: Hazardous Trading
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