United States Natural Gas Fund (NYSEARCA:UNG) Trading 3% Higher – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price was up 3% on Thursday . The company traded as high as $21.97 and last traded at $21.69. Approximately 1,063,869 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 7,598,213 shares. The stock had previously closed at $21.05.

United States Natural Gas Fund Stock Up 3.1 %

The firm has a market cap of $524.06 million, a PE ratio of -17.89 and a beta of 0.14. The firm’s 50 day moving average is $20.27 and its 200-day moving average is $16.87.

Institutional Investors Weigh In On United States Natural Gas Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new stake in shares of United States Natural Gas Fund during the 3rd quarter worth about $29,000. Mountain Hill Investment Partners Corp. purchased a new stake in United States Natural Gas Fund during the fourth quarter worth approximately $32,000. Transce3nd LLC acquired a new stake in shares of United States Natural Gas Fund in the fourth quarter worth $137,000. Northern Trust Corp raised its stake in shares of United States Natural Gas Fund by 5.5% in the 4th quarter. Northern Trust Corp now owns 11,077 shares of the exchange traded fund’s stock valued at $186,000 after acquiring an additional 577 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of United States Natural Gas Fund during the 4th quarter valued at $267,000.

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.