United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 5.9% – What’s Next?

by · The Markets Daily

United States Natural Gas Fund LP (NYSEARCA:UNG – Get Free Report) was down 5.9% on Tuesday . The company traded as low as $14.32 and last traded at $14.1790. Approximately 12,220,450 shares traded hands during trading, an increase of 33% from the average daily volume of 9,155,233 shares. The stock had previously closed at $15.07.

United States Natural Gas Fund Stock Performance

The firm has a 50 day moving average price of $13.72 and a two-hundred day moving average price of $14.10. The company has a market capitalization of $628.49 million, a P/E ratio of -15.04 and a beta of -0.12.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UNG. Atria Wealth Solutions Inc. acquired a new stake in shares of United States Natural Gas Fund in the 1st quarter valued at $378,000. Marathon Trading Investment Management LLC acquired a new position in United States Natural Gas Fund in the first quarter valued at about $238,000. Flow Traders U.S. LLC grew its stake in United States Natural Gas Fund by 324.5% during the first quarter. Flow Traders U.S. LLC now owns 123,602 shares of the exchange traded fund’s stock worth $2,671,000 after buying an additional 94,485 shares during the last quarter. Compound Planning Inc. acquired a new stake in shares of United States Natural Gas Fund during the first quarter worth approximately $331,000. Finally, Jump Financial LLC bought a new position in shares of United States Natural Gas Fund in the first quarter valued at approximately $11,447,000.

United States Natural Gas Fund Company Profile

(Get Free Report)

United States Natural Gas Fund, LP is a limited partnership. The Company is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of the Company is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of the futures contracts on natural gas traded on the New York Mercantile Exchange (the NYMEX) that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire (the Benchmark Futures Contract), less its expenses.

Further Reading