United States Natural Gas Fund (NYSEARCA:UNG) Sees Strong Trading Volume – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG) saw strong trading volume on Tuesday . 21,911,461 shares were traded during mid-day trading, an increase of 126% from the previous session’s volume of 9,687,162 shares.The stock last traded at $13.1550 and had previously closed at $13.05.

United States Natural Gas Fund Trading Up 0.8%

The business has a 50-day moving average price of $13.70 and a 200 day moving average price of $13.73. The stock has a market capitalization of $632.15 million, a P/E ratio of -15.04 and a beta of -0.12.

Institutional Trading of United States Natural Gas Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of UNG. Comerica Bank grew its holdings in shares of 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 worth $58,000 after purchasing an additional 2,515 shares during the last quarter. Ancora Advisors LLC grew its stake in United States Natural Gas Fund by 110.8% in the 3rd quarter. Ancora Advisors LLC now owns 6,850 shares of the exchange traded fund’s stock worth $90,000 after acquiring an additional 3,600 shares in the last quarter. BNP Paribas Financial Markets grew its stake in United States Natural Gas Fund by 55.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock worth $95,000 after acquiring an additional 2,593 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of United States Natural Gas Fund during the third quarter worth approximately $104,000. Finally, National Bank of Canada FI raised its stake in shares of United States Natural Gas Fund by 139.2% during the third quarter. National Bank of Canada FI now owns 10,549 shares of the exchange traded fund’s stock valued at $138,000 after acquiring an additional 6,138 shares in 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.