United States Natural Gas Fund (NYSEARCA:UNG) Trading Down 5% – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price fell 5% on Tuesday . The company traded as low as $16.33 and last traded at $16.30. 6,979,545 shares changed hands during trading, a decline of 42% from the average session volume of 12,091,153 shares. The stock had previously closed at $17.15.

United States Natural Gas Fund Stock Down 3.7 %

The stock’s 50-day simple moving average is $15.99 and its two-hundred day simple moving average is $14.79. The company has a market capitalization of $930.47 million, a price-to-earnings ratio of -11.60 and a beta of 0.17.

Hedge Funds Weigh In On United States Natural Gas Fund

A number of hedge funds have recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new position in United States Natural Gas Fund during the third quarter worth about $29,000. Daymark Wealth Partners LLC lifted its stake in United States Natural Gas Fund by 17.2% in the 3rd quarter. Daymark Wealth Partners LLC now owns 19,250 shares of the exchange traded fund’s stock worth $314,000 after purchasing an additional 2,825 shares in the last quarter. Sweet Financial Partners LLC boosted its holdings in shares of United States Natural Gas Fund by 18.7% during the 3rd quarter. Sweet Financial Partners LLC now owns 21,125 shares of the exchange traded fund’s stock worth $345,000 after purchasing an additional 3,325 shares during the last quarter. Private Wealth Partners LLC grew its position in shares of United States Natural Gas Fund by 100.0% in the third quarter. Private Wealth Partners LLC now owns 20,000 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Freedom Investment Management Inc. acquired a new stake in shares of United States Natural Gas Fund in the third quarter valued at approximately $164,000.

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.