Today it appears that UNG is up almost 300%. This is the reason...
"On February 21, 2012, after the close of trading on NYSE Arca, Inc., United States Natural Gas Fund, LP (the "Registrant") effected a four-for-one reverse unit split and post-split of the Registrant began trading on February 22, 2012. The Registrant previously announced the reverse unit split in its press release dated February 1, 2012. As a result of the reverse unit split, every four pre-split units of the Registrant were automatically exchange for on post-split unit. Immediately prior to the reverse unit split there were 174,297,828 units of the Registrant issued and outstanding, each representing a net asset value ("NAV") of $5.51. Immediately after the reverse unit split the number of issued and outstanding units of the Registrant decreased to 43,574,457, not accounting for fractional units, and the NAV relating to each unit increased to $22.04. In connection with the reverse unit split, the CUSIP number of the Registrant's units changed to 912318201. The Registrant's ticker symbol, "UNG", remains the same. "
Can somebody please explain this to me? I don't understand it. Does this mean that if I had four shares of the stock yesterday worth $5 each that today I would have one share worth $20? Or would I have four shares worth $20 each and have made a lot of money?