United States Natural Gas Fund (NYSEARCA:UNG) Sets New 12-Month Low – Time to Sell?

United States Natural Gas Fund LP (NYSEARCA:UNG) reached a new 52-week low during trading on Thursday. The company traded as low as $9.23 and last traded at $9.2470, with a volume of 2,803,942 shares traded. The stock had previously closed at $9.50.

United States Natural Gas Fund Price Performance

The firm has a market capitalization of $514.37 million, a price-to-earnings ratio of -15.04 and a beta of 0.21. The business’s 50-day moving average price is $10.45 and its 200 day moving average price is $11.21.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of institutional investors have recently added to or reduced their stakes in UNG. Chiron Capital Management LLC raised its stake in shares of 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 worth $470,000 after buying an additional 32,300 shares in the last quarter. Blueprint Investment Partners LLC bought a new position in United States Natural Gas Fund during the third quarter valued at about $311,000. Blueprint Financial Advisors LLC bought a new position in United States Natural Gas Fund during the third quarter valued at about $311,000. Axiom Investment Management LLC bought a new position in United States Natural Gas Fund during the first quarter valued at about $229,000. Finally, SG Americas Securities LLC grew its holdings in United States Natural Gas Fund by 50.7% during the first quarter. SG Americas Securities LLC now owns 53,210 shares of the exchange traded fund’s stock worth $624,000 after acquiring an additional 17,900 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.