United States 12 Month Natural Gas Fund, LP (UNL)Commodities Focused | Exchange Traded Fund | NYSEArca
5.88 USD
-0.06
(-1.077%) ⇩
(Aug. 28, 2026, 3:55 p.m.
EDT)
After hours: 5.88 |
Hot Take ↕ | Aug. 22, 2026, 3:27 a.m. EDT
The short-term outlook is skewed bullish due to aggressive speculative positioning on the upside, yet the underlying asset is fundamentally broken. As a commodity fund tracking natural gas, UNL suffers from a structural flaw: it resets annually, meaning investors lose their entire principal value every August. The recent price action confirms this decay, with the fund trading near its 52-week low after a massive drop from its 2022 peak. While the options market is pricing in a rally—likely fueled by the Iran crisis and seasonal demand fears—the lack of dividends and the inevitable annual reset make this a terrible long-term hold. The statistical forecast models a slight downside drift, aligning with the reality that the fund's price will likely collapse again in August regardless of the commodity's performance. This is a high-risk, short-duration trade for weathering a specific event, not an investment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.067631 |
| MSTL | 0.071155 |
| AutoETS | 0.073085 |
| AutoARIMA | 0.073085 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 44% |
| H-stat | 3.32 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.042 |
| Excess Kurtosis | -0.03 |
As of Aug. 22, 2026, 3:27 a.m. EDT: Speculators are overwhelmingly bullish, positioning heavy out-of-the-money call volume at strikes significantly above current prices (e.g., 13.00 strike shows massive open interest relative to volume), while put activity is virtually non-existent. This asymmetry suggests a strong bet on a sharp upward move driven by geopolitical tensions, despite the underlying asset being a commodity fund.
| Attribute | Value |
|---|---|
| All Time High | 57.0 |
| All Time Low | 5.78 |
| Ask | 5.99 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 64,200 |
| Average Daily Volume3 Month | 50,880 |
| Average Volume | 50,880 |
| Average Volume10Days | 64,200 |
| Beta3 Year | 0.92 |
| Bid | 5.8 |
| Bid Size | 5,000 |
| Category | Commodities Focused |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 5.92 |
| Day Low | 5.8501 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.092 |
| Fifty Day Average Change | -0.21600008 |
| Fifty Day Average Change Percent | -0.03545635 |
| Fifty Two Week Change Percent | -23.35484 |
| Fifty Two Week High | 9.11 |
| Fifty Two Week High Change | -3.2339997 |
| Fifty Two Week High Change Percent | -0.3549945 |
| Fifty Two Week Low | 5.78 |
| Fifty Two Week Low Change | 0.09599972 |
| Fifty Two Week Low Change Percent | 0.016608948 |
| Fifty Two Week Range | 5.78 - 9.11 |
| First Trade Date Milliseconds | 1,262,615,400,000 |
| Five Year Average Return | -0.1276058 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.0640001 |
| Fullday Change Percent | -1.07744 |
| Fullday Price | 5.876 |
| Fund Family | USCF Investments |
| Fund Inception Date | 1,258,502,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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. |
| Long Name | United States 12 Month Natural Gas Fund, LP |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_35492633 |
| Nav Price | 5.884 |
| Net Assets | 16,160,669.0 |
| Net Expense Ratio | 1.65 |
| Open | 5.92 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 5.876 |
| Post Market Time | 1,787,951,100 |
| Previous Close | 5.94 |
| Price Hint | 2 |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0640001 |
| Regular Market Change Percent | -1.07744 |
| Regular Market Day High | 5.92 |
| Regular Market Day Low | 5.8501 |
| Regular Market Day Range | 5.8501 - 5.92 |
| Regular Market Open | 5.92 |
| Regular Market Previous Close | 5.94 |
| Regular Market Price | 5.876 |
| Regular Market Time | 1,787,946,933 |
| Regular Market Volume | 61,563 |
| Short Name | United States 12 Month Natural |
| Source Interval | 15 |
| Symbol | UNL |
| Three Year Average Return | -0.19507721 |
| Total Assets | 16,160,669 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -8.12097 |
| Trailing Three Month Returns | -8.12097 |
| Triggerable | 1 |
| Two Hundred Day Average | 6.88735 |
| Two Hundred Day Average Change | -1.0113502 |
| Two Hundred Day Average Change Percent | -0.14684169 |
| Type Disp | ETF |
| Volume | 61,563 |
| Yield | 0.0 |
| Ytd Return | -18.43827 |