United States Natural Gas Fund (NYSEARCA:UNG) Shares Up 4.2% – Still a Buy?

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) rose 4.2% on Thursday . The stock traded as high as $11.14 and last traded at $11.3240. Approximately 15,251,557 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 13,117,588 shares. The stock had previously closed at $10.87.

United States Natural Gas Fund Stock Up 6.6%

The firm has a market cap of $665.56 million, a P/E ratio of -15.04 and a beta of 0.05. The business has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $11.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Compound Planning Inc. boosted its stake in United States Natural Gas Fund by 23.5% during the first quarter. Compound Planning Inc. now owns 25,782 shares of the exchange traded fund’s stock worth $302,000 after acquiring an additional 4,901 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of United States Natural Gas Fund during the first quarter valued at approximately $37,000. Realta Investment Advisors increased its stake in shares of United States Natural Gas Fund by 14.3% during the first quarter. Realta Investment Advisors now owns 56,000 shares of the exchange traded fund’s stock valued at $657,000 after purchasing an additional 7,000 shares in the last quarter. Main Street Group LTD purchased a new position in shares of United States Natural Gas Fund during the first quarter valued at approximately $42,000. Finally, Compass Financial Management LLC purchased a new position in shares of United States Natural Gas Fund during the second quarter valued at approximately $26,000.

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.