United States Natural Gas Fund (NYSEARCA:UNG) Sees Large Volume Increase – Here’s Why

United States Natural Gas Fund LP (NYSEARCA:UNG) saw an uptick in trading volume on Wednesday . Approximately 21,272,385 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 12,953,487 shares.The stock last traded at $10.8330 and had previously closed at $10.86.

United States Natural Gas Fund Trading Down 0.3%

The company has a market capitalization of $621.90 million, a price-to-earnings ratio of -15.04 and a beta of 0.05. The stock’s fifty day simple moving average is $10.24 and its 200-day simple moving average is $11.00.

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. Daiwa Securities Group Inc. raised its position in shares of United States Natural Gas Fund by 8.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 132,193 shares of the exchange traded fund’s stock worth $1,621,000 after acquiring an additional 10,000 shares in the last quarter. Realta Investment Advisors boosted its position in shares of United States Natural Gas Fund by 14.3% during the 1st quarter. Realta Investment Advisors now owns 56,000 shares of the exchange traded fund’s stock worth $657,000 after purchasing an additional 7,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in United States Natural Gas Fund by 50.7% during the 1st quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock valued at $624,000 after acquiring an additional 17,900 shares in the last quarter. Compound Planning Inc. increased its position in United States Natural Gas Fund by 23.5% during the 1st quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock worth $302,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Axiom Investment Management LLC purchased a new position in shares of United States Natural Gas Fund during the 1st quarter worth $229,000.

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.