VelocityShares 3x Net Asset

UGAZ -- USA Etf  

USD 54.55  2.04  3.60%

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Net Asset Analysis

Net Asset is current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assest is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
VelocityShares 3x 
Net Asset 
 = 
Current Market Value 
Current Liabilities 
 = 
314.46 M

About Net Asset

Net Asset is the value used in calulating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formullay that uses closing prices of all positions in the fund's portfolio.
Compare to competition
Based on recorded statements VelocityShares 3x Long Natural Gas ETN has Net Asset of 314.46 M. This is 79.67% lower than that of the Janus family, and significantly higher than that of Energy category, The Net Asset for all etfs is 64.62% higher than the company.

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Current VelocityShares 3x financial ratios