United States 12 Month Natural Gas Fund, LP (UNL)Commodities Focused | Exchange Traded Fund | NYSEArca
5.90 USD
+0.09
(1.549%)
⇧
(Oct. 13, 2026, 3:57 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 11:29 a.m. EDT
The short-term outlook is sharply bullish due to a massive speculative buildup in call options, likely hedging against the escalating U.S.-Iran conflict, though the statistical forecast model warns of a slight downside drift (-0.89%) suggesting the rally may be overextended. However, the long-term investment case remains neutral to weak; despite a recent year-over-year price uptick, the fund suffers from a severe nine-year structural decline (-29%), indicating a persistent failure to generate value over the business cycle. As a commodity ETF with no dividend history, it offers no income floor, making it a pure volatility play rather than a core holding. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.012541 |
| MSTL | 0.016671 |
| AutoARIMA | 0.017375 |
| AutoETS | 0.017376 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 50% |
| H-stat | 1.03 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.243 |
| Excess Kurtosis | 0.05 |
As of Oct. 10, 2026, 11:29 a.m. EDT: Speculators are overwhelmingly bullish on the near term, evidenced by massive open interest in October and December calls compared to virtually zero put activity. The skew is extreme, with ATM call IV at 73-75% versus negligible put volume, indicating a heavy bet on a rally driven by geopolitical tensions (Iran crisis) rather than a balanced view.
| Attribute | Value |
|---|---|
| All Time High | 57.0 |
| All Time Low | 5.55 |
| Ask | 0.0 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 58,900 |
| Average Daily Volume3 Month | 52,312 |
| Average Volume | 52,312 |
| Average Volume10Days | 58,900 |
| Beta3 Year | 0.87 |
| Bid | 0.0 |
| Bid Size | 4,100 |
| Category | Commodities Focused |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 5.92 |
| Day Low | 5.83 |
| Display Name | US 12 Month Natural Gas Fund |
| 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 | 5.8378 |
| Fifty Day Average Change | 0.06220007 |
| Fifty Day Average Change Percent | 0.01065471 |
| Fifty Two Week Change Percent | -23.14815 |
| Fifty Two Week High | 9.11 |
| Fifty Two Week High Change | -3.2099996 |
| Fifty Two Week High Change Percent | -0.35236 |
| Fifty Two Week Low | 5.55 |
| Fifty Two Week Low Change | 0.3499999 |
| Fifty Two Week Low Change Percent | 0.06306304 |
| Fifty Two Week Range | 5.55 - 9.11 |
| First Trade Date Milliseconds | 1,262,615,400,000 |
| Five Year Average Return | -0.16308 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.09000015 |
| Fullday Change Percent | 1.5541384 |
| Fullday Price | 5.9 |
| 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 | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_35492633 |
| Nav Price | 5.819 |
| Net Assets | 15,985,607.0 |
| Net Expense Ratio | 1.65 |
| Open | 5.82 |
| Previous Close | 5.81 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0900002 |
| Regular Market Change Percent | 1.54906 |
| Regular Market Day High | 5.92 |
| Regular Market Day Low | 5.83 |
| Regular Market Day Range | 5.83 - 5.92 |
| Regular Market Open | 5.82 |
| Regular Market Previous Close | 5.81 |
| Regular Market Price | 5.9 |
| Regular Market Time | 1,791,921,451 |
| Regular Market Volume | 90,429 |
| Short Name | United States 12 Month Natural |
| Source Interval | 15 |
| Symbol | UNL |
| Three Year Average Return | -0.2112462 |
| Total Assets | 15,985,607 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -11.08862 |
| Trailing Three Month Returns | -11.08862 |
| Triggerable | 1 |
| Two Hundred Day Average | 6.5335 |
| Two Hundred Day Average Change | -0.6335001 |
| Two Hundred Day Average Change Percent | -0.096961826 |
| Type Disp | ETF |
| Volume | 90,429 |
| Yield | 0.0 |
| Ytd Return | -22.19951 |