The United States Natural Gas Fund is mulling a reverse split if gas prices extend a decline, Bloomberg reports. The $2.9 billion fund has modified its limited partnership agreement to give its California-based manager, United States Commodity Funds, authority to implement a reverse split. The split lowers the number of shares of a fund or stock to boost the value per share. The fund, which tries to track the performance of natural gas at Henry Hub in Erath, Louisiana, is not targeting a specific price threshold for a reverse split.
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