United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL – Get Free Report) shares rose 2% on Tuesday . The stock traded as high as $6.52 and last traded at $6.50. Approximately 64,875 shares traded hands during trading, a decline of 39% from the average daily volume of 107,001 shares. The stock had previously closed at $6.37.
United States 12 Month Natural Gas Fund Price Performance
The business’s fifty day simple moving average is $6.49 and its 200-day simple moving average is $7.03.
Institutional Trading of United States 12 Month Natural Gas Fund
A number of institutional investors have recently modified their holdings of the company. Barclays PLC bought a new stake in shares of United States 12 Month Natural Gas Fund in the fourth quarter worth about $47,000. Group One Trading LLC raised its position in United States 12 Month Natural Gas Fund by 310.0% during the 2nd quarter. Group One Trading LLC now owns 8,200 shares of the company’s stock valued at $71,000 after purchasing an additional 6,200 shares during the last quarter. StoneX Group Inc. bought a new position in United States 12 Month Natural Gas Fund during the 4th quarter valued at approximately $92,000. Finally, Jane Street Group LLC lifted its holdings in United States 12 Month Natural Gas Fund by 67.8% in the 1st quarter. Jane Street Group LLC now owns 68,782 shares of the company’s stock worth $705,000 after buying an additional 27,793 shares during the period.
United States 12 Month Natural Gas Fund Company Profile
The United States 12 Month Natural Gas Fund, LP (UNL) is an exchange-traded security company. The Company’s investment objective 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 average of the prices of the Benchmark Futures Contracts, less UNL’s expenses. UNL seeks to achieve its investment objective by investing in a combination of Futures Contracts and other natural gas-related Investments such that the daily changes in its NAV, measured in percentage terms, will closely track the changes in the average in the prices of the Benchmark Futures Contracts, also measured in percentage terms.
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