United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up – Should You Buy?

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped up prior to trading on Tuesday . The stock had previously closed at $10.33, but opened at $12.32. United States Natural Gas Fund shares last traded at $12.0540, with a volume of 20,507,253 shares trading hands.

United States Natural Gas Fund Price Performance

The stock has a market capitalization of $766.36 million, a PE ratio of -15.04 and a beta of -0.12. The stock has a 50 day moving average of $13.11 and a two-hundred day moving average of $13.18.

Institutional Investors Weigh In On United States Natural Gas Fund

A number of large investors have recently added to or reduced their stakes in UNG. Cetera Investment Advisers raised its holdings in shares of United States Natural Gas Fund by 51.1% in the 2nd quarter. Cetera Investment Advisers now owns 135,405 shares of the exchange traded fund’s stock worth $2,069,000 after purchasing an additional 45,783 shares during the period. Farther Finance Advisors LLC lifted its holdings in United States Natural Gas Fund by 52,535.0% in the third quarter. Farther Finance Advisors LLC now owns 52,635 shares of the exchange traded fund’s stock worth $688,000 after acquiring an additional 52,535 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in United States Natural Gas Fund by 56.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 111,773 shares of the exchange traded fund’s stock valued at $1,705,000 after purchasing an additional 40,153 shares during the period. Centric Wealth Management acquired a new position in United States Natural Gas Fund during the 2nd quarter valued at about $1,222,000. Finally, Insigneo Advisory Services LLC raised its stake in United States Natural Gas Fund by 41.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 20,186 shares of the exchange traded fund’s stock valued at $308,000 after acquiring an additional 5,963 shares in the last quarter.

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.