United States Natural Gas Fund (NYSEARCA:UNG) Shares Gap Up – What’s Next?

United States Natural Gas Fund LP (NYSEARCA:UNG)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $23.19, but opened at $23.87. United States Natural Gas Fund shares last traded at $23.73, with a volume of 1,368,039 shares.

United States Natural Gas Fund Price Performance

The company has a market capitalization of $1.56 billion, a PE ratio of -18.00 and a beta of 0.28. The business has a 50-day moving average of $18.94 and a 200 day moving average of $15.92.

Institutional Trading of United States Natural Gas Fund

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in United States Natural Gas Fund in the 4th quarter valued at about $267,000. Freedom Investment Management Inc. purchased a new position in shares of United States Natural Gas Fund in the 3rd quarter valued at about $164,000. The Manufacturers Life Insurance Company raised its stake in United States Natural Gas Fund by 135.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 545,504 shares of the exchange traded fund’s stock valued at $8,908,000 after acquiring an additional 314,057 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in United States Natural Gas Fund in the 3rd quarter valued at approximately $29,000. Finally, Daiwa Securities Group Inc. raised its position in United States Natural Gas Fund by 17.7% in the third quarter. Daiwa Securities Group Inc. now owns 88,893 shares of the exchange traded fund’s stock worth $1,452,000 after acquiring an additional 13,400 shares in the last quarter.

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.