United States Natural Gas Fund (NYSEARCA:UNG) Shares Down 5.2% – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price dropped 5.2% on Friday . The company traded as low as $18.46 and last traded at $18.90. Approximately 2,659,323 shares traded hands during trading, a decline of 81% from the average daily volume of 13,732,908 shares. The stock had previously closed at $19.94.

United States Natural Gas Fund Price Performance

The stock has a market capitalization of $1.07 billion, a P/E ratio of -11.60 and a beta of 0.17. The stock’s fifty day moving average is $15.24 and its two-hundred day moving average is $14.68.

Institutional Investors Weigh In On United States Natural Gas Fund

Several hedge funds have recently modified their holdings of the stock. J.W. Cole Advisors Inc. acquired a new stake in shares of United States Natural Gas Fund during the second quarter valued at approximately $184,000. Insigneo Advisory Services LLC purchased a new position in United States Natural Gas Fund during the 2nd quarter worth approximately $417,000. The Manufacturers Life Insurance Company acquired a new stake in United States Natural Gas Fund during the 2nd quarter valued at $4,034,000. Creative Planning purchased a new stake in shares of United States Natural Gas Fund in the second quarter valued at $379,000. Finally, Cetera Investment Advisers boosted its position in shares of United States Natural Gas Fund by 13.5% in the second quarter. Cetera Investment Advisers now owns 117,826 shares of the exchange traded fund’s stock worth $2,054,000 after buying an additional 14,052 shares during the period.

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.