United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up – Should You Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $13.87, but opened at $14.35. United States Natural Gas Fund shares last traded at $14.30, with a volume of 2,080,016 shares traded.

United States Natural Gas Fund Price Performance

The firm has a market capitalization of $873.40 million, a price-to-earnings ratio of -11.60 and a beta of 0.17. The firm has a 50 day moving average price of $14.33 and a 200-day moving average price of $15.55.

Institutional Trading of United States Natural Gas Fund

A number of large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in United States Natural Gas Fund in the third quarter valued at $6,482,000. Hobbs Group Advisors LLC purchased a new position in shares of United States Natural Gas Fund in the 3rd quarter valued at about $29,000. MML Investors Services LLC acquired a new stake in shares of United States Natural Gas Fund during the 3rd quarter worth about $712,000. Quadrature Capital Ltd purchased a new stake in United States Natural Gas Fund during the third quarter worth approximately $6,751,000. Finally, IHT Wealth Management LLC boosted its holdings in United States Natural Gas Fund by 207.9% in the third quarter. IHT Wealth Management LLC now owns 31,025 shares of the exchange traded fund’s stock valued at $507,000 after purchasing an additional 20,949 shares in the last quarter.

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.