United States Natural Gas Fund (NYSEARCA:UNG) Stock Price Down 3%

Shares of United States Natural Gas Fund LP (NYSEARCA:UNG) fell 3% during trading on Wednesday . The stock traded as low as $14.04 and last traded at $14.04. 1,179,216 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 7,631,557 shares. The stock had previously closed at $14.48.

United States Natural Gas Fund Price Performance

The firm has a market capitalization of $754.65 million, a P/E ratio of -11.91 and a beta of 0.16. The company has a fifty day moving average of $15.62 and a 200 day moving average of $21.08.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. S.A. Mason LLC lifted its holdings in shares of United States Natural Gas Fund by 96.0% in the 3rd quarter. S.A. Mason LLC now owns 3,675 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 1,800 shares in the last quarter. Principal Securities Inc. bought a new position in shares of United States Natural Gas Fund in the 4th quarter worth $25,000. MeadowBrook Investment Advisors LLC bought a new position in shares of United States Natural Gas Fund in the 4th quarter worth $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of United States Natural Gas Fund by 26,613.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 6,144 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 6,121 shares in the last quarter. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of United States Natural Gas Fund in the 4th quarter worth $47,000.

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.