United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Down to $20.54

United States Natural Gas Fund LP (NYSEARCA:UNG) gapped down before the market opened on Monday . The stock had previously closed at $21.04, but opened at $20.54. United States Natural Gas Fund shares last traded at $19.93, with a volume of 3,267,000 shares.

The company has a 50-day moving average price of $20.40 and a 200-day moving average price of $21.29.

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new stake in United States Natural Gas Fund in the second quarter worth approximately $207,000. Ladenburg Thalmann Financial Services Inc. lifted its position in United States Natural Gas Fund by 86.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,187 shares of the exchange traded fund’s stock worth $282,000 after purchasing an additional 6,568 shares during the period. Flagship Harbor Advisors LLC lifted its position in United States Natural Gas Fund by 710.0% in the second quarter. Flagship Harbor Advisors LLC now owns 16,200 shares of the exchange traded fund’s stock worth $322,000 after purchasing an additional 14,200 shares during the period. Traynor Capital Management Inc. acquired a new stake in United States Natural Gas Fund in the second quarter worth approximately $330,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in United States Natural Gas Fund by 43.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,923 shares of the exchange traded fund’s stock worth $632,000 after purchasing an additional 8,099 shares during the period.

United States Natural Gas Fund Company Profile (NYSEARCA:UNG)

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.

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