United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down – Should You Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s share price gapped down before the market opened on Monday . The stock had previously closed at $16.37, but opened at $15.49. United States Natural Gas Fund shares last traded at $15.4090, with a volume of 3,206,287 shares traded.

United States Natural Gas Fund Stock Performance

The business has a 50 day moving average price of $13.72 and a two-hundred day moving average price of $14.11. The stock has a market cap of $677.51 million, a PE 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 bought and sold shares of the stock. Atria Wealth Solutions Inc. purchased a new position in shares of United States Natural Gas Fund in the first quarter worth about $378,000. Marathon Trading Investment Management LLC bought a new stake in United States Natural Gas Fund in the first quarter worth $238,000. Flow Traders U.S. LLC lifted its stake in shares of United States Natural Gas Fund by 324.5% in the first quarter. Flow Traders U.S. LLC now owns 123,602 shares of the exchange traded fund’s stock worth $2,671,000 after buying an additional 94,485 shares in the last quarter. Compound Planning Inc. bought a new stake in United States Natural Gas Fund in the 1st quarter worth about $331,000. Finally, Jump Financial LLC purchased a new stake in United States Natural Gas Fund during the first quarter valued at $11,447,000.

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.