United States Natural Gas Fund LP (NYSEARCA:UNG – Get Free Report) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $10.31 and traded as high as $10.48. United States Natural Gas Fund shares last traded at $10.42, with a volume of 28,206,847 shares trading hands.
United States Natural Gas Fund Price Performance
The business’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $11.12. The stock has a market cap of $640.31 million, a P/E ratio of -15.04 and a beta of 0.27.
Institutional Trading of United States Natural Gas Fund
A number of large investors have recently bought and sold shares of UNG. Chiron Capital Management LLC boosted its stake in shares of United States Natural Gas Fund by 248.4% in the 3rd quarter. Chiron Capital Management LLC now owns 45,303 shares of the exchange traded fund’s stock valued at $470,000 after purchasing an additional 32,300 shares in the last quarter. Blueprint Financial Advisors LLC acquired a new stake in shares of United States Natural Gas Fund during the 3rd quarter worth about $311,000. Blueprint Investment Partners LLC bought a new position in United States Natural Gas Fund during the 3rd quarter valued at about $311,000. Focus Advisor Solutions LLC lifted its holdings in United States Natural Gas Fund by 88.0% during the 3rd quarter. Focus Advisor Solutions LLC now owns 47,000 shares of the exchange traded fund’s stock valued at $487,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new position in United States Natural Gas Fund in the first quarter valued at about $229,000.
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.
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