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Upturn AI SWOT - About
United States 12 Month Natural Gas Fund LP (UNL)
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Upturn Advisory Summary
08/01/2025: UNL (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -3.72% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/01/2025 |
Key Highlights
Volume (30-day avg) - | Beta 2.31 | 52 Weeks Range 6.79 - 11.07 | Updated Date 06/29/2025 |
52 Weeks Range 6.79 - 11.07 | Updated Date 06/29/2025 |
Upturn AI SWOT
United States 12 Month Natural Gas Fund LP
ETF Overview
Overview
The United States 12 Month Natural Gas Fund LP (UNL) is designed to track the daily changes in percentage terms of the price of natural gas, as measured by the changes in the price of the futures contract for natural gas that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire. It focuses solely on natural gas futures contracts.
Reputation and Reliability
United States Commodity Funds LLC (USCF) has a solid reputation as a commodity ETF provider.
Management Expertise
USCF specializes in managing commodity-based ETFs, demonstrating expertise in this area.
Investment Objective
Goal
To track the daily changes in percentage terms of the price of natural gas.
Investment Approach and Strategy
Strategy: The ETF invests primarily in futures contracts for natural gas.
Composition The ETF primarily holds natural gas futures contracts. No equities or bonds are held.
Market Position
Market Share: UNL holds a portion of the market share within the natural gas futures ETF sector, although a precise percentage is subject to daily market fluctuation.
Total Net Assets (AUM): 63000000
Competitors
Key Competitors
- United States Natural Gas Fund LP (UNG)
- ProShares Ultra Bloomberg Natural Gas (BOIL)
- ProShares UltraShort Bloomberg Natural Gas (KOLD)
Competitive Landscape
The natural gas ETF market is competitive, with several funds offering exposure to natural gas futures. UNL faces challenges due to potential contango effects in futures markets, which can erode returns. Competitors like UNG have higher liquidity but similar contango risks. BOIL and KOLD offer leveraged or inverse exposure, appealing to different risk appetites. UNL's advantage is its strategy of using 12-month contracts to lessen contango.
Financial Performance
Historical Performance: Historical performance is highly volatile and depends on natural gas price fluctuations. Returns can vary significantly year to year.
Benchmark Comparison: The ETF aims to track the daily changes in natural gas prices. Tracking errors can occur due to factors such as contango, backwardation, and fund expenses.
Expense Ratio: 0.9
Liquidity
Average Trading Volume
The average trading volume varies, affecting the ease of buying and selling shares.
Bid-Ask Spread
The bid-ask spread indicates the cost of trading and varies with market conditions.
Market Dynamics
Market Environment Factors
Natural gas prices are affected by weather patterns, supply and demand dynamics, storage levels, and geopolitical events.
Growth Trajectory
UNL's performance mirrors the volatile nature of natural gas markets; growth trajectory is directly tied to future prices and the efficiency of rolling futures contracts.
Moat and Competitive Advantages
Competitive Edge
UNL's competitive edge lies in its strategy of using 12-month natural gas futures contracts which can help reduce the impact of contango compared to near-month contracts commonly used by its competitors. This potentially leads to better long-term tracking of natural gas price movements. However, the effectiveness of this strategy is dependent on market conditions and the shape of the futures curve. The impact of contango can vary, so this advantage is not always guaranteed.
Risk Analysis
Volatility
The ETF is highly volatile due to the inherent volatility of natural gas prices.
Market Risk
Market risk includes fluctuations in natural gas prices due to supply, demand, weather, and geopolitical factors. Futures contracts also carry the risk of contango and backwardation.
Investor Profile
Ideal Investor Profile
The ideal investor is someone who understands the complexities of natural gas futures markets and is seeking short-term exposure to natural gas price movements. It's not suitable for those seeking long-term, stable investments.
Market Risk
UNL is best suited for active traders who understand commodity futures and are looking to speculate on short-term price movements rather than long-term investors due to the effects of contango.
Summary
United States 12 Month Natural Gas Fund LP (UNL) is designed for short-term exposure to natural gas prices through futures contracts. It is subject to high volatility and potential contango effects, making it unsuitable for long-term investors. The ETF aims to track the daily percentage changes in natural gas prices. Its competitive edge lies in using 12 month futures to minimize contango. This ETF is a speculative tool for experienced traders, not a buy-and-hold investment for average retail investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- USCF Website
- ETF.com
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investing in commodity ETFs involves significant risk, including the potential loss of principal. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About United States 12 Month Natural Gas Fund LP
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The Benchmark Futures Contracts are the futures contracts on natural gas as traded on the NYMEX that are the near month contract to expire, and the contracts for the following 11 months, for a total of 12 consecutive months" contracts, except when the near month contract is within two weeks of expiration.
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