How Contango Crushed Bullish Natural Gas ETFs | LongPoint ETFs

Описание: In this week’s update, we reveal that from April 8 to June 30, 2025, NGUP plunged 34% despite flat natural gas prices, driven by 5% monthly contango, beta slippage, and fees. NGDN also fell 3.4%.

This shows how contango can severely erode long ETF returns even when the underlying asset doesn’t move.

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