WTF is going on, UNG Jumped from $5 to $20 overnight @Tfmonkey explain
Update:
Ok so I've gathered that it was a reverse stock split. Basically they sell off your shares at the old price and then buy back at the new price so you dont make any money and have less shares.
But my new question is how does this affect the price of natural gas the commodity not the futures etf?
@37712 @red_dread @Tfmonkey Razzle Dazzle with the un-permitted fractional shares, a shekel here a shekel there who counts a few million fractional shares Boobbie.. Oh Vey
@red_dread @Tfmonkey thanks, from what I gathered, they basically sold off your shares at the old price then bought back at the new price so ppl did not win anything