United States Natural Gas Fund (NYSEARCA:UNG) Shares Up 7.6% – Here’s What Happened

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price was up 7.6% on Wednesday . The stock traded as high as $13.74 and last traded at $13.3060. Approximately 19,235,515 shares traded hands during trading, a decline of 26% from the average daily volume of 25,875,027 shares. The stock had previously closed at $12.37.

United States Natural Gas Fund Price Performance

The firm’s fifty day moving average is $13.02 and its 200 day moving average is $13.17. The firm has a market capitalization of $796.99 million, a price-to-earnings ratio of -15.04 and a beta of -0.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank grew its holdings in shares of United States Natural Gas Fund by 1,412.9% in the 1st 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. Flagship Harbor Advisors LLC acquired a new stake in United States Natural Gas Fund during the 4th quarter worth $36,000. Ancora Advisors LLC raised its holdings in shares of 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 valued at $90,000 after purchasing an additional 3,600 shares during the last quarter. BNP Paribas Financial Markets increased 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 valued at $95,000 after buying an additional 2,593 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in United States Natural Gas Fund during the third quarter worth about $104,000.

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.