Ung stock price the ung stock price is showing intraday

The ung stock price is showing intraday volatility, hovering around $5.25 with a 1.4% uptick from yesterday’s close. Technical charts suggest short-term resistance at $5.40, with support forming near $5.10, indicating potential sideways consolidation if natural gas futures remain flat. Natural gas prices enjoyed a remarkable run, surging more than 13% in the first quarter of 2025, as a mix of cold weather, supply disruptions and global demand kept the market strong. These ETFs can suffer from contango, where the futures contracts are priced higher than the spot price, resulting in a negative roll yield. This can lead to erosion and underperformance over time since both the UNG and BOIL are tracking commodities futures contracts. Contango can impact BOIL even harder since it's a leveraged 2x ETF. For this reason, it's not best to hold these ETFs long-term but more so to trade them short-term. As of midday trading, the ung stock price reflects underlying Henry Hub natural gas contracts nearing $2.85/MMBtu. Traders are watching inventory data closely, as warmer weather forecasts could pressure near-term gains and keep the ETF in a narrow trading band.