United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) Short Interest Down 76.3% in June

United States 12 Month Natural Gas Fund LP (NYSEARCA:UNL) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 66,271 shares, a decline of 76.3% from the May 31st total of 279,750 shares. Based on an average trading volume of 64,567 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.9% of the company’s stock are short sold.

United States 12 Month Natural Gas Fund Trading Up 0.2%

Shares of UNL opened at $6.50 on Friday. The business’s 50-day moving average is $6.48 and its 200-day moving average is $6.95. United States 12 Month Natural Gas Fund has a fifty-two week low of $6.21 and a fifty-two week high of $9.21.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UNL. Group One Trading LLC lifted its position in United States 12 Month Natural Gas Fund by 310.0% in the 2nd quarter. Group One Trading LLC now owns 8,200 shares of the company’s stock worth $71,000 after buying an additional 6,200 shares in the last quarter. Barclays PLC acquired a new position in shares of United States 12 Month Natural Gas Fund in the fourth quarter worth $47,000. StoneX Group Inc. acquired a new position in shares of United States 12 Month Natural Gas Fund in the fourth quarter worth $92,000. Finally, Jane Street Group LLC increased its stake in shares of United States 12 Month Natural Gas Fund by 67.8% in the first quarter. Jane Street Group LLC now owns 68,782 shares of the company’s stock worth $705,000 after acquiring an additional 27,793 shares during the last quarter.

United States 12 Month Natural Gas Fund Company Profile

The United States 12 Month Natural Gas Fund, LP (UNL) is an exchange-traded security company. The Company’s investment objective 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 average of the prices of the Benchmark Futures Contracts, less UNL’s expenses. UNL seeks to achieve its investment objective by investing in a combination of Futures Contracts and other natural gas-related Investments such that the daily changes in its NAV, measured in percentage terms, will closely track the changes in the average in the prices of the Benchmark Futures Contracts, also measured in percentage terms.