United States Natural Gas Fund LP (NYSEARCA:UNG) Sees Significant Growth in Short Interest

United States Natural Gas Fund LP (NYSEARCA:UNG) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 6,172,009 shares, a growth of 85.0% from the September 15th total of 3,336,278 shares. Currently, 13.7% of the company’s shares are short sold. Based on an average trading volume of 33,570,497 shares, the short-interest ratio is presently 0.2 days.

United States Natural Gas Fund Stock Performance

Shares of United States Natural Gas Fund stock traded down $0.43 during trading hours on Friday, hitting $10.66. The company’s stock had a trading volume of 21,966,348 shares, compared to its average volume of 14,797,996. The stock has a market cap of $474.90 million, a price-to-earnings ratio of -15.04 and a beta of 0.21. United States Natural Gas Fund has a twelve month low of $9.55 and a twelve month high of $17.02. The firm has a fifty day moving average of $10.49 and a 200-day moving average of $10.83.

Institutional Investors Weigh In On United States Natural Gas Fund

Several large investors have recently added to or reduced their stakes in the business. Realta Investment Advisors grew its stake in 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 raised its position in United States Natural Gas Fund by 50.7% in the 1st quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock valued at $624,000 after purchasing an additional 17,900 shares in the last quarter. Chiron Capital Management LLC raised its position in United States Natural Gas Fund by 248.4% in the 3rd quarter. Chiron Capital Management LLC now owns 45,303 shares of the exchange traded fund’s stock valued at $470,000 after purchasing an additional 32,300 shares in the last quarter. Compound Planning Inc. boosted its stake in shares of United States Natural Gas Fund by 23.5% in the 1st quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock valued at $302,000 after buying an additional 4,901 shares during the period. Finally, Axiom Investment Management LLC purchased a new position in shares of United States Natural Gas Fund in the 1st quarter valued at about $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.