2023-04-04 13:34:05 ET
Roundhill Investments intends to bring a new liquefied natural gas focused exchange traded fund to the market in the form of the Roundhill Alerian LNG ETF ( LNGG ).
According to the prospectus filed with the Securities and Exchange Commission, LNGG aims to offer investors exposure to domestic and international companies that derive a significant amount of their revenue from the LNG industry.
Within the sphere of holdings, LNGG will take positions in organizations that operate liquefication facilities, LNG carriers that ship the commodity, regassification firms, along with midstream energy businesses that are engaged in one or more of the LNG Industry’s value chains.
Additionally, the exchange traded fund will look to track the performance of the Alerian Liquefied Natural Gas Index.
LNGG also plans to trade on the New York Stock Exchange and has not yet been given an expense ratio.
While no Holdings have been listed for LNGG it will most likely at some point find itself competing for market share with other natural gas funds such as:
- ProShares Ultra Bloomberg Natural Gas ( NYSEARCA: BOIL )
- United States Natural Gas Fund LP ( NYSEARCA: UNG )
- ProShares UltraShort Bloomberg Natural Gas ( KOLD )
- iPath Series B Bloomberg Natural Gas Subindex Total Return ETN ( NYSEARCA: GAZ )
- United States 12 Month Natural Gas Fund LP ( NYSEARCA: UNL )
In related news, U.S. natural gas ( NG1:COM ) slides again as the oil-to-gas price ratio nearly hits its highest point in 11 years.
For further details see:
Roundhill Investments looks to launch an LNG focused ETF