Shares of United States Natural Gas Fund LP (NYSEARCA:UNG – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.84 and traded as high as $11.98. United States Natural Gas Fund shares last traded at $11.72, with a volume of 6,071,915 shares changing hands.
United States Natural Gas Fund Stock Up 0.5%
The firm has a market cap of $411.67 million, a P/E ratio of -15.04 and a beta of 0.06. The business has a fifty day moving average of $11.26 and a 200 day moving average of $11.83.
Institutional Trading of United States Natural Gas Fund
A number of hedge funds have recently made changes to their positions in UNG. Comerica Bank boosted its stake in shares of United States Natural Gas Fund by 1,412.9% during the 1st quarter. Comerica Bank now owns 2,693 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 2,515 shares during the period. Royal Bank of Canada raised its stake in United States Natural Gas Fund by 490.7% in 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. JPMorgan Chase & Co. acquired a new stake in United States Natural Gas Fund during the 2nd quarter valued at $940,000. Daiwa Securities Group Inc. boosted its position in United States Natural Gas Fund by 31.5% during the second quarter. Daiwa Securities Group Inc. now owns 93,493 shares of the exchange traded fund’s stock worth $1,429,000 after purchasing an additional 22,400 shares during the period. Finally, Bank of America Corp DE boosted its position in United States Natural Gas Fund by 84,430.0% during the second quarter. Bank of America Corp DE now owns 42,265 shares of the exchange traded fund’s stock worth $646,000 after purchasing an additional 42,215 shares during the period.
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.
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