United States Natural Gas Fund (NYSEARCA:UNG) Trading Up 3.2% – Should You Buy?

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) traded up 3.2% during mid-day trading on Monday . The company traded as high as $13.27 and last traded at $13.2140. 9,731,853 shares changed hands during trading, an increase of 1% from the average session volume of 9,596,091 shares. The stock had previously closed at $12.81.

United States Natural Gas Fund Trading Up 2.9%

The company’s 50-day moving average is $13.70 and its 200 day moving average is $13.75. The stock has a market capitalization of $633.54 million, a PE ratio of -15.04 and a beta of -0.12.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank boosted its position in United States Natural Gas Fund by 1,412.9% in the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 2,515 shares during the last quarter. BNP Paribas Financial Markets raised its position in United States Natural Gas Fund by 5,325.8% during the 1st quarter. BNP Paribas Financial Markets now owns 1,636,789 shares of the exchange traded fund’s stock worth $35,371,000 after buying an additional 1,606,622 shares during the last quarter. Royal Bank of Canada lifted its stake in United States Natural Gas Fund by 490.7% during the 1st quarter. Royal Bank of Canada now owns 14,880 shares of the exchange traded fund’s stock valued at $322,000 after acquiring an additional 12,361 shares during the period. Bard Financial Services Inc. boosted its holdings in shares of United States Natural Gas Fund by 12.5% in the 2nd quarter. Bard Financial Services Inc. now owns 31,500 shares of the exchange traded fund’s stock valued at $481,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of United States Natural Gas Fund by 56.1% in 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.

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.