Quote from jazlives:
Wouldn't this trigger a short squeeze?
Just wondering...
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United States Natural Gas Fund (UNG) To Temporarily Suspend the Issuance of Additional Creation Baskets
* United States Natural Gas Fund (UNG) To Temporarily Suspend the Issuance of Additional Creation Baskets
United States Natural Gas Fund, LP (NYSE: UNG) disclosed in an 8-K filing that it will temporarily suspend the issuance of additional Creation Baskets until the SEC declares effective the registration statement on Form S-3 (333-159772) which was initially filed on June 5, 2009 and registers an additional 1,000,000,000 units. This registration statement is currently subject to review and comment by the SEC, the Financial Regulatory Industry Association and the National Futures Association.
The suspension of the issuance of Creation Baskets has no effect on the ability of Authorized Purchasers to redeem baskets of units.