RE: Recovered now in the Green.
I don't know and would love to be corrected. I think this ETF has a live feed to NYMEX gas prices and offers up shares for sale and Bids on shares for sale based on that price. In other words, it may be buying some of you shares or buying it's own shares in order to keep the share price reflective of the gas price movement double leveraged.
It's kind of like a slot machine. I doubt they own any gas or gas related things. I suspect it is all run by a computer program. The stock adjustment at the end of the day takes into account their cut somehow plus they probably make a bunch of money buying cheap shares and selling expensive shares they bought cheap.
But the share price pretty much stays in lock stop with fluctuation of the underlying commodity and they control that.
Why SHORT this stock ? HND does that for you. And under the same rules as above.
Anyone else know something more about the ETF than I described ????? Please don't tell me they have traders who can type orders that fast and that they are actually buying and selling natural gas to try and give the ETF value !!! You will ruin my whole well thought scenario and show me to be a ocmplete idiot for thinking what I do - LOL