United States Natural Gas Fund, LP (NYSE:UNG) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 51,375,716 shares, a decline of 4.2% from the August 15th total of 53,619,325 shares. Based on an average daily volume of 5,097,019 shares, the days-to-cover ratio is presently 10.1 days.

United States Natural Gas Fund, (NYSE UNG) opened at 6.56 on Friday. The firm’s 50-day moving average is $6.58 and its 200-day moving average is $6.99. United States Natural Gas Fund, has a 52-week low of $6.20 and a 52-week high of $9.73.

A number of large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its stake in United States Natural Gas Fund, by 539.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,475,190 shares of the exchange traded fund’s stock valued at $43,902,000 after purchasing an additional 5,461,830 shares during the period. First National Trust Co. bought a new position in shares of United States Natural Gas Fund, during the 2nd quarter worth $13,573,000. SG Americas Securities LLC bought a new position in shares of United States Natural Gas Fund, during the 2nd quarter worth $6,796,000. JPMorgan Chase & Co. grew its stake in shares of United States Natural Gas Fund, by 79,127.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 475,366 shares of the exchange traded fund’s stock worth $3,223,000 after acquiring an additional 474,766 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of United States Natural Gas Fund, by 7.6% during the 2nd quarter. Wells Fargo & Company MN now owns 396,535 shares of the exchange traded fund’s stock worth $2,689,000 after acquiring an additional 27,840 shares during the period.

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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.

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