Natural Gas Fund to Offer Limited Sale of New Shares

U.S. Natural Gas Fund, the world’s largest exchange traded fund in the fuel, will begin selling new shares under “limited circumstances” beginning Sept. 28, the fund said today in a regulatory filing. The fund, which ran out of new shares on July 7, may condition the creation and sale of new shares on a purchaser’s ability to sell to the fund investments that track the price of natural gas, including over the counter swaps, the fund said in its filing to the Securities and Exchange Commission. The Commodity Futures Trading Commission has moved to curb energy speculation and imposed limits on natural gas trading. That has forced the fund to halt new share creation while it looks for alternative natural gas investments, it said in an Aug. 12 filing with the SEC.....Read the entire article