United States Natural Gas Fund (NYSEARCA:UNG) Trading Down 5.9% – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG) shares dropped 5.9% during mid-day trading on Tuesday . The stock traded as low as $14.32 and last traded at $14.1790. Approximately 12,220,450 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 9,155,233 shares. The stock had previously closed at $15.07.

United States Natural Gas Fund Trading Down 6.1%

The stock’s 50 day moving average is $13.70 and its 200-day moving average is $14.13. The company has a market cap of $679.67 million, a P/E ratio of -15.04 and a beta of -0.12.

Institutional Investors Weigh In On United States Natural Gas Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers raised its position in United States Natural Gas Fund by 51.1% in the 2nd quarter. Cetera Investment Advisers now owns 135,405 shares of the exchange traded fund’s stock worth $2,069,000 after buying an additional 45,783 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of United States Natural Gas Fund during the 1st quarter valued at about $378,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United States Natural Gas Fund by 56.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 111,773 shares of the exchange traded fund’s stock valued at $1,705,000 after acquiring an additional 40,153 shares during the last quarter. Centric Wealth Management bought a new stake in shares of United States Natural Gas Fund in the second quarter worth approximately $1,222,000. Finally, Virtu Financial LLC purchased a new position in shares of United States Natural Gas Fund during the first quarter valued at approximately $1,824,000.

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.