If you are looking for a leveraged Natural Gas ETF there is one available from Direxion and trades under the ticker symbol FCGL.  The name of the fund is the Direxion Daily Natural Gas Related Bull 2x Shares. The goal of this etf is to provide 200% of the daily moves in the ISE Revere Natural Gas Index™ before fees and expenses. The companies selected for the index earn a substantial portion of their profits from the exploration and production of natural gas. It is not a pure play on the price of natural gas.


Currently here is the mix of companies that make up the index:

Oil & Gas Exploration & Production 72.1%
Integrated Oil & Gas 24.3%
Gas Utilities 3.5%

On the day of this writing there was a “roughly” equal dollar weighting of the following 30 companies:

APA, COG, CHK, XEC, CRK, COP, DVN, EOG, XCO, ECA, XOM, FST, HES, MUR, NFX, HK, PQ, STR, KWK, RRC, RDS/A, SM, SD, SWN, STO, SGY, SU, TLM, TOT, UPL

It appears the 2x leverage is achieved by using financial derivatives.

This ETF began trading on July 14, 2010 and after several days of heavy trading the volume completely dried up. It only has an average trading volume of about 3,000 shares per day at this time. Since Leveraged ETFs are designed for short term trading, that’s not much liquidity so be careful if you think about trading this one.

The price performance has been quite spectacular over the limited time it’s been trading as you can see by the chart below.

2X Leveraged Natural Gas ETF - FCGL