United States Natural Gas Fund (NYSEARCA:UNG) Hits New 52-Week Low – What’s Next?

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.17 and last traded at $10.24, with a volume of 36587056 shares traded. The stock had previously closed at $11.32.

United States Natural Gas Fund Stock Down 9.5%

The business’s 50 day moving average is $13.34 and its two-hundred day moving average is $13.30. The firm has a market capitalization of $527.87 million, a P/E ratio of -15.04 and a beta of -0.12.

Institutional Trading of United States Natural Gas Fund

Institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of United States Natural Gas Fund by 1,412.9% during the first quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock valued at $58,000 after acquiring an additional 2,515 shares during the period. Ancora Advisors LLC lifted its position in United States Natural Gas Fund by 110.8% in the third quarter. Ancora Advisors LLC now owns 6,850 shares of the exchange traded fund’s stock worth $90,000 after purchasing an additional 3,600 shares during the period. BNP Paribas Financial Markets boosted its stake in United States Natural Gas Fund by 55.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,305 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 2,593 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of United States Natural Gas Fund during the 3rd quarter valued at $104,000. Finally, Headlands Technologies LLC raised its stake in shares of United States Natural Gas Fund by 132.8% in the 2nd quarter. Headlands Technologies LLC now owns 9,618 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 5,486 shares in the last quarter.

About United States Natural Gas Fund

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.