United States Natural Gas Fund (NYSEARCA:UNG) Sets New 12-Month Low – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.17 and last traded at $10.24, with a volume of 36587056 shares. The stock had previously closed at $11.32.

United States Natural Gas Fund Stock Performance

The firm has a market cap of $632.71 million, a PE ratio of -15.04 and a beta of -0.12. The company’s 50-day simple moving average is $13.19 and its two-hundred day simple moving average is $13.25.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Comerica Bank raised its holdings in shares of United States Natural Gas Fund by 1,412.9% during the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 2,515 shares in the last quarter. Ancora Advisors LLC increased its position in United States Natural Gas Fund by 110.8% during the 3rd quarter. Ancora Advisors LLC now owns 6,850 shares of the exchange traded fund’s stock valued at $90,000 after purchasing an additional 3,600 shares during the period. BNP Paribas Financial Markets raised its holdings in United States Natural Gas Fund by 55.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock worth $95,000 after purchasing an additional 2,593 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of United States Natural Gas Fund in the 3rd quarter worth about $104,000. Finally, National Bank of Canada FI lifted its position in shares of United States Natural Gas Fund by 139.2% in the 3rd quarter. National Bank of Canada FI now owns 10,549 shares of the exchange traded fund’s stock worth $138,000 after purchasing an additional 6,138 shares during the period.

About United States Natural Gas Fund

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.