United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 6.4% – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG) shares traded down 6.4% on Wednesday . The stock traded as low as $14.03 and last traded at $14.11. 2,005,562 shares changed hands during trading, a decline of 72% from the average session volume of 7,196,291 shares. The stock had previously closed at $15.08.

United States Natural Gas Fund Price Performance

The firm has a market capitalization of $802.49 million, a price-to-earnings ratio of -11.60 and a beta of 0.17. The business’s fifty day simple moving average is $14.34 and its 200 day simple moving average is $15.51.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at approximately $6,751,000. Virtu Financial LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at approximately $6,482,000. The Manufacturers Life Insurance Company lifted its stake in shares of United States Natural Gas Fund by 135.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock valued at $8,908,000 after buying an additional 314,057 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of United States Natural Gas Fund during the 2nd quarter valued at approximately $4,034,000. Finally, CreativeOne Wealth LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter valued at approximately $1,106,000.

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.