United States Natural Gas Fund LP (NYSEARCA:UNG – Get Free Report) was the recipient of unusually large options trading on Thursday. Traders bought 56,191 call options on the stock. This represents an increase of 92% compared to the average daily volume of 29,221 call options.
Institutional Investors Weigh In On United States Natural Gas Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its stake in United States Natural Gas Fund by 8.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 132,193 shares of the exchange traded fund’s stock worth $1,621,000 after acquiring an additional 10,000 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of United States Natural Gas Fund by 50.7% during the 1st quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock valued at $624,000 after acquiring an additional 17,900 shares during the last quarter. Compound Planning Inc. boosted its position in shares of United States Natural Gas Fund by 23.5% during the 1st quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock valued at $302,000 after acquiring an additional 4,901 shares during the last quarter. Axiom Investment Management LLC purchased a new position in shares of United States Natural Gas Fund in the first quarter valued at $229,000. Finally, Fifth Third Bancorp purchased a new position in shares of United States Natural Gas Fund in the first quarter valued at $37,000.
United States Natural Gas Fund Trading Up 5.4%
NYSEARCA UNG traded up $0.59 on Thursday, hitting $11.46. 32,652,152 shares of the company traded hands, compared to its average volume of 13,220,606. The company has a market capitalization of $658.43 million, a price-to-earnings ratio of -15.04 and a beta of 0.05. The business’s 50 day moving average price is $10.25 and its 200-day moving average price is $11.00. United States Natural Gas Fund has a 52-week low of $9.55 and a 52-week high of $17.02.
United States Natural Gas Fund Company Profile
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.
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